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Rapyd Payments Limited

08053178

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

RAPYD SUITE 26, WESTON BUSINESS CENTRE PARSONAGE ROAD, BISHOP'S STORTFORD, CM22 6PU
Incorporated 01/05/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Ariel Shtilman

director · Since 14/12/2022

FOUNDER AND CEO

ISRAELI · ISRAEL · Age 46

Also on 1 other board

Mr Dennis Francis Allan

director · Since 13/11/2023

MANAGER

BRITISH · ENGLAND · Age 72

Also on 4 other boards

Mr. Nir Mlynarsky

director · Since 19/05/2025

CHIEF FINANCIAL OFFICER

ISRAELI · ISRAEL · Age 45

Persons with Significant Control

Former PSCs

Iteron Holding Ltd.

Ceased 31/12/2022

Arion Bank Hf

Ceased 01/07/2022

Rapyd Europe Hf.

Ceased 31/12/2022

CompanyRankvs 8135+ SIC 82990 peers
71

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.09× · 12/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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8135Rapyd Payments Limited
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and up to the approval of these Financial Statements that require additional disclosures. The Company's Board has made an assessment of the Company's ability to continue as a going concern and is satisfied that the Company has the resources to do so in the foreseeable future. Therefore, the Financial Statements continue to be prepared on a going concern basis. Auditor The a

Key FinancialsYear ending 31/12/2024

Net Worth

£5.0M

Balance sheet strength

Cash

£68.6M

Cash in the bank

Profit Before Tax

£2.2M

Bottom line earnings

Net Current Assets

£7.4M

Working capital

Current Assets

£86.7M

Current Liabilities

£79.3M

Fixed Assets

£36k

Debtors

£15.4M

Cost of Sales

£37.1M

Admin Expenses

£2.8M

Profit After Tax

£3.8M

35avg. employees+3

People Costs

Wages & salaries£2.5M

Balance Sheet

Assets less current liabilities£7.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.09+£0
20231.06+£1.6M
20224.83-£1.6M
20214.23+£0
20202.79+£500k
20180.82—

Derived from filed accounts. Not audited figures.