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Rapid Electrical Distributors Holdings Limited

13196044

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

ST ANN'S QUAY, NEWCASTLE UPON TYNE, NE1 3BD
Incorporated 11/02/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Qagdorm6 Ltd

director · Since 11/02/2021

Also on 53 other boards

Mr Nicholas James Edwell

director · Since 13/05/2021

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 6 other boards

Persons with Significant Control

Qubic Trustees Ltd

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

St Ann's Quay, 118 Quayside, Newcastle Upon Tyne, NE1 3BD

Reg: 06890768 · Uk Register Of Companies · Private Company Limited By Shares

Notified 11/02/2021

CompanyRankvs 14533+ SIC 64209 peers
47

Financial strength89th percentile among SIC peers · 22/25
Employees98th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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14533Rapid Electrical Distributors Holdings Limited
57
How is this score calculated?
Financial strength22/25 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.

Liquidity0/20 pts

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

Longevity5/15 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

Going concern doubt: -10 pts

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

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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 directors with respect to going co

Key FinancialsYear ending 31/12/2024

Net Worth

£1.5M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£433k

Working capital

Current Assets

—

Current Liabilities

£433k

Fixed Assets

£4.3M

Debtors

£100

Profit After Tax

£603k

40avg. employees+3

Tax at Year End(2021)

Corp tax£21k

People Costs(2021)

Wages & salaries£1.2M
NI contributions£123k

Balance Sheet

Assets less current liabilities£3.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearImplied Profit
2024+£811k

Derived from filed accounts. Not audited figures.