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Rack 'N Pack Ltd

13513369

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 2, STAFFORD COURT, WOLVERHAMPTON, WV10 7EL
Incorporated 15/07/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82920
Packaging activities
82990
Other business support service activities

Officers

Mr Graham Mason

secretary · Since 15/07/2021

Mr Graham Anthony Mason

director · Since 15/07/2021

DIRECTOR

ENGLISH · UNITED KINGDOM · Age 73

Also on 2 other boards

Persons with Significant Control

Mr Graham Anthony Mason

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

English · United Kingdom · Age 73

Gra-Ange, Priory Road, Bromsgrove, B61 9DA

Notified 15/07/2021

Former PSCs

Mr Mark Andrew Leach

Ceased 10/01/2022

Mr Thomas Oliver, Martin Mason

Ceased 07/01/2022

CompanyRankvs 1959+ SIC 82920 peers
34

Financial strength2th percentile among SIC peers · 1/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£80k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£92k

Working capital

Current Assets

£2k

Current Liabilities

£94k

Fixed Assets

£15k

2avg. employees-1

Balance Sheet

Assets less current liabilities-£77k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.02-£24k
20230.01-£21k
20220.10

Derived from filed accounts. Not audited figures.