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Rapid Quality Castings Limited

08642437

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

TRAFALGAR WORKS, WOLVERHAMPTON, WV2 2HX
Incorporated 08/08/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24540
Casting of other non-ferrous metals

Officers

Mrs Marilyn Dring

secretary · Since 08/08/2013

Also on 11 other boards

Mr Ivor Raymond Dring

director · Since 08/08/2013

ENGINEER

BRITISH · ENGLAND · Age 80

Also on 12 other boards

Mrs Marilyn Dring

director · Since 01/08/2014

COMPANY SECRETARY/DIRECTOR

BRITISH · ENGLAND · Age 77

Also on 11 other boards

Persons with Significant Control

Mr Ivor Raymond Dring

Significant control

British · England · Age 80

Trafalgar Works, Cable Street, Wolverhampton, WV2 2HX

Notified 06/08/2016

Goldring Engineering Limited

75–100% shares

Trafalgar Works, Cable Street, Wolverhampton, WV2 2HX

Reg: 02390794 · England · Limited Company

Notified 15/08/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 21/03/2014Registered 25/03/2014

CompanyRankvs 39+ SIC 24540 peers
65

Financial strength79th percentile among SIC peers · 20/25
Employees49th percentile among SIC peers · 7/15
LiquidityCurrent ratio 4.03× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength20/25 pts

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

Employees7/15 pts

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

Liquidity20/20 pts

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

Longevity13/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2024

Net Worth

£640k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£596k

Working capital

Current Assets

£793k

Current Liabilities

£197k

Fixed Assets

£44k

1avg. employees-12

Balance Sheet

Assets less current liabilities£640k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20244.03+£57k
20234.41+£106k
20223.32+£41k
20213.29+£140k
20203.07+£106k
20192.16+£86k
20181.49

Derived from filed accounts. Not audited figures.