Rapid Electrical Distributors (Watford) Limited
10191669
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/05/2016
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 1 other board
Persons with Significant Control
Rapid Electrical Distributors Limited
Unit 10 Coln Industrial Estate, Old Bath Road, Colnbrook Slough, SL3 0NJ
Reg: 05007840 · Companies House · Limited Company
Notified 16/09/2020
Former PSCs
Mr Steven Charalambous
Ceased 16/09/2020
Mr Steve Charalambous
Ceased 16/09/2020
Mr Nicholas James Edwell
Ceased 16/09/2020
Charges4 outstanding
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CompanyRankvs 1820+ SIC 46520 peers37
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con
Key FinancialsYear ending 31/12/2024
Turnover
£6.4M
Annual revenue
Net Worth
£3k
Balance sheet strength
Cash
£184k
Cash in the bank
Profit Before Tax
£5k
Bottom line earnings
Net Current Assets
-£34k
Working capital
Current Assets
£2.1M
Current Liabilities
£2.1M
Fixed Assets
£40k
Debtors
£1.4M
Cost of Sales
£5.3M
Gross Profit
£1.1M
Admin Expenses
£1.0M
Operating Profit
£83k
Profit After Tax
£2k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.98 | — |
| 2023 | 0.99 | — |
| 2022 | 0.96 | +£39k |
| 2021 | 1.35 | -£135k |
| 2020 | 1.45 | -£35k |
| 2019 | 1.23 | -£20k |
| 2018 | 1.04 | — |
Derived from filed accounts. Not audited figures.