Back to search

Rapid Electrical Distributors (Watford) Limited

10191669

active
Private Limited Company
england wales
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

UNIT 3 TRADE CITY WATFORD, WATFORD, WD18 0EZ
Incorporated 20/05/2016

Compliance

Last accounts

31/12/2025

small

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 12/01/2026

Due 26/01/2027

On track

Industry

46520
Wholesale of electronic and telecommunications equipment and parts

Officers

Mr Nicholas James Edwell

director · Since 20/05/2016

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Persons with Significant Control

Rapid Electrical Distributors Limited

75–100% shares
75–100% votes
Appoint directors

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

Charge
outstanding

HSBC UK BANK PLC

Created 30/10/2023Registered 31/10/2023
Charge
outstanding

HSBC BANK PLC

Created 28/10/2016Registered 31/10/2016
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 02/09/2016Registered 02/09/2016
Charge
outstanding

HSBC BANK PLC

Created 31/08/2016Registered 01/09/2016

CompanyRankvs 1667+ SIC 46520 peers
49

Financial strength55th percentile among SIC peers · 14/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Parmley Graham Limited
90
2Anders Electronics Plc
90
3Power Wholesale Limited
90
4Niglon Limited
90
5Luso Electronic Products Limited
90
6Charcroft Electronics Limited
90
7Genalog Limited
90
8Rapid Electronics Limited
90
9Easby Electronics Limited
90
10John Cribb & Sons Ltd.
90
1667Rapid Electrical Distributors (Watford) Limited
55
How is this score calculated?
Financial strength14/25 pts

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

Employees14/15 pts

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

Liquidity6/20 pts

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

Longevity10/15 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 31/12/2025

Net Worth

£6k

Balance sheet strength

Cash

£555k

Cash in the bank

Net Current Assets

-£18k

Working capital

Current Assets

£2.7M

Current Liabilities

£2.7M

Fixed Assets

£27k

Debtors

£1.6M

13avg. employees

Tax at Year End

Corp tax£11k

Balance Sheet

Assets less current liabilities£9k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.99+£4k
20240.98—
20230.99—

Derived from filed accounts. Not audited figures.