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Rapidminds Ltd

13545764

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

85 GREAT PORTLAND STREET, LONDON, W1W 7LT
Incorporated 03/08/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46690
Wholesale of other machinery and equipment
62012
Business and domestic software development
71122
Engineering related scientific and technical consulting activities
71129
Other engineering activities

Officers

Mr Feroz Mohammed

director · Since 03/08/2021

DIRECTOR

INDIAN · ENGLAND · Age 41

Persons with Significant Control

Mr Feroz Mohammed

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

Indian · England · Age 41

85, Great Portland Street, London, W1W 7LT

Notified 03/08/2021

CompanyRankvs 3334+ SIC 46690 peers
34

Financial strength4th percentile among SIC peers · 1/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.13× · 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 31/08/2024

Turnover

£93k

Annual revenue

Net Worth

-£79k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£69k

Working capital

Current Assets

£10k

Current Liabilities

£79k

Fixed Assets

£2k

Profit After Tax

-£69k

4avg. employees

Balance Sheet

Depreciation£164
Assets less current liabilities-£67k
Signed by 1.9.23Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20240.13-£69k
20230.65-£24k
20224.17

Derived from filed accounts. Not audited figures.