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Rapid Rentals Ltd

11634674

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

UNIT 1, HIGH WYCOMBE, HP13 5DG
Incorporated 22/10/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77110
Renting and leasing of cars and light motor vehicles

Officers

Former

Mr Muhammad Zahid

director · Resigned 14/03/2026

Persons with Significant Control

Former PSCs

Mr Parminder Singh

Ceased 10/06/2019

Mr Gaganpreet Singh

Ceased 22/10/2018

Mr Dharminder Singh Kaila

Ceased 19/03/2021

Mr Jasbir Singh

Ceased 27/11/2024

Mr Talvinder Singh

Ceased 02/01/2025

Mr Gurpal Singh

Ceased 27/03/2026

Mr Muhammad Zahid

Ceased 14/03/2026

CompanyRankvs 1363+ SIC 77110 peers
67

Financial strength90th percentile among SIC peers · 23/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.8× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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1363Rapid Rentals Ltd
62
How is this score calculated?
Financial strength23/25 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.

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.

Longevity8/15 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.

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

Key FinancialsYear ending 30/10/2024

Net Worth

£241k

Balance sheet strength

Cash

£12k

Cash in the bank

Profit Before Tax

£241k

Bottom line earnings

Net Current Assets

-£82k

Working capital

Current Assets

£339k

Current Liabilities

£421k

Fixed Assets

£427k

Debtors

£327k

Gross Profit

£596k

Admin Expenses

£355k

Operating Profit

£241k

Profit After Tax

£241k

17avg. employees+12

Balance Sheet

Assets less current liabilities£344k
Signed by 31.10.23Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20240.80+£388k
20230.73—

Derived from filed accounts. Not audited figures.