Rapid Electrical Distributors Limited

Rapid Electrical Distributors Ltd, based in Colnbrook, Slough, UK, is a sizable company with an active status, having been founded 21 years ago. Employing 23 people, the company boasts assets of £6,525,999 and a yearly revenue of £19,121,900. It operates as a holding company, with two directors and one owner, and maintains a real address. A Google rating of 4.0 based on seven reviews suggests a positive customer perception. The company regularly imports electrical machinery and equipment (13 months), and occasionally exports (1 month).

The company's website highlights its focus on wholesale electrical distribution, catering to commercial projects with a promise of fast delivery. It offers a wide range of products, from lighting to containment, and emphasizes its partnerships and projects. A "Trade Web Shop" provides online access to its product catalogue. Rapid Electrical Distributors also has two strategically located distribution centres, one near London Heathrow Airport and another in Watford, Hertfordshire, supporting projects across the south of England. They are a proud member of the European electrical buying group, Fegime, granting access to a nationwide stockholding network.

Financially, Rapid Electrical Distributors Ltd presents a mixed picture. While turnover remained stable, current assets increased by 3.6% to £6,500,000, and net assets grew by 4.6% to £750,000, bank borrowings decreased by 32% to £470,000. However, cash reserves declined by 37% to £380,000. Creditors decreased by 7.4% to £6,300,000, suggesting improved debt management. The company is classified as a large company, meeting two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. No auditor is mentioned, likely due to the company’s size.

The company's increased administrative expenses by 9.3% to £2,400,000, and the significant rise in director remuneration (27% to £150,000) could indicate investments in operational improvements or increased personnel costs. The decrease in deferred tax assets could be related to changes in tax legislation or company performance. Overall, Rapid Electrical Distributors Ltd appears to be a financially stable company, although the decrease in cash reserves warrants monitoring.

Registered in England/Wales under the registration number 05007840, with a registered address at SL3 0NJ, Colnbrook Slough, Berkshire, Unit 10 Coln Industrial Estate, Old Bath Road.

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