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Rapid Pharma Limited

11712788

active
ltd
england wales
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

Unit 5 Watford Enterprise Centre, 25 Greenhill Crescent, Watford, WD18 8XU
Incorporated 05/12/2018

Compliance

Last accounts

31/03/2025

micro entity

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 29/05/2026

Due 12/06/2027

On track

Industry

46460
Wholesale of pharmaceutical goods

Officers

Mr Mirag Patel

director · Since 05/12/2018

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 2 other boards

Mr Priyan Patel

director · Since 05/12/2018

DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 9 other boards

Mirag Patel

director · Since 05/12/2018

British · England · Age 44

Priyan Patel

director · Since 05/12/2018

British · England · Age 39

Persons with Significant Control

Mr Mirag Patel

25–50% shares
25–50% votes
Appoint directors

British · England · Age 44

1466, Greenford Road, Greenford, UB6 0HW

Notified 05/12/2018

Mr Priyan Patel

25–50% shares
25–50% votes
Appoint directors

British · England · Age 39

1466, Greenford Road, Greenford, UB6 0HW

Notified 05/12/2018

Charges3 outstanding

A registered charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 31/07/2024Registered 29/06/2026Satisfied 29/06/2026
A registered charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 31/07/2024Registered 29/06/2026Satisfied 29/06/2026
A registered charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 23/06/2026Registered 24/06/2026
Charge
outstanding

BIBBY FINANCIAL SERVICES LIMITED

Created 31/07/2024Registered 01/08/2024
Charge
outstanding

BIBBY FINANCIAL SERVICES LIMITED

Created 31/07/2024Registered 31/07/2024

Change History

statusactive
2026-08-11

Active

typeltd
2026-08-11

Private Limited Company

address line1Unit 5 Watford Enterprise Centre
2026-08-11

UNIT 5

post townWatford
2026-08-11

WATFORD

officer appointedPATEL, Mirag
2026-08-11
officer appointedPATEL, Priyan
2026-08-11

CompanyRankvs 698+ SIC 46460 peers
56

Financial strength66th percentile among SIC peers · 17/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.29× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength17/25 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.

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.

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.

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 31/03/2025

Net Worth

£16k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£94k

Working capital

Current Assets

£413k

Current Liabilities

£319k

Fixed Assets

£1k

9avg. employees+1

Balance Sheet

Assets less current liabilities£95k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.29-£6k
20241.44-£12k
20232.03

Derived from filed accounts. Not audited figures.