Rapid Access Ltd

Rapid Access Ltd from Nuneaton UK: medium company, active status, founded 16 years ago, 88 employees, £3,129,285 assets, yearly revenue: £11,895,196, real address, 4 directors, 1 owner, google rating 3.0 based on 2 reviews. It’s an irregular importer of plastics and plastic products (1 months imported). Rapid Access Ltd is a medium-sized company operating in Nuneaton, England, with a 16-year history and a workforce of eighty-eight people. The company boasts £3.1 million in assets and generates £11.9 million in annual revenue. It’s a real address, with four directors and one owner at the helm, and has a Google rating of 3.0 based on just two reviews.

The company specializes in the manufacture of doors and windows of metal industries, with a particular focus on access panels and riser doors. Their website showcases a wide range of products, including flip-fix panels, meter overboxes, and loft access hatches, catering to both residential and commercial projects. They offer a panel builder tool and even sponsor charity events, indicating a commitment to community engagement. The website also provides fitting videos and case studies, demonstrating their expertise and experience.

Financially, Rapid Access Ltd shows some concerning trends. While turnover remained steady at £11.9 million, net assets declined by 18% to £2.9 million. Bank borrowings increased by 24% to £57,000, and cash reserves fell by 22% to £28,000. Creditors, however, decreased by 10%, which could indicate improved debt management. The company’s medium size (meeting two of three conditions for turnover under £36 million, assets under £18 million, and fewer than 250 employees) allows for flexibility, but the decline in equity warrants attention. There's no auditor mentioned, likely due to its size, so the figures are unaudited.

Overall, Rapid Access Ltd appears to be navigating a period of financial pressure. While its core business of manufacturing access panels and riser doors remains active, the declining equity and increased borrowings suggest a need for careful financial management. The company's reliance on irregular imports of plastics and plastic products, with only one month of activity recorded, could also pose a risk.

Registered in England/Wales under the registration number 06661696, with a registered address at CV11 5EL, Nuneaton, Warwickshire, Lauren House, Aston Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.