Rapid Energy Ltd

Rapid Energy Ltd, based in Redditch, UK, is a small, active company founded five years ago. With nine employees and £2,947,923 in assets, it’s a modest operation managed by four directors, though curiously, no owners are officially listed. The company boasts a stellar 5.0 Google rating based on 21 reviews, indicating high customer satisfaction. Rapid Energy Ltd regularly imports machinery, boilers, and mechanical appliances, with recent activity recorded in December 2024.

The company operates in the renting and leasing of machinery, equipment, and tangible goods, catering to commercial clients. While a website isn't available to analyze, the company’s name suggests a focus on energy-related equipment. It's a small company, meeting two of the three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Rapid Energy Ltd shows a mixed picture. Current assets have increased by a significant 110%, reaching £2,900,000, while net assets have also risen substantially by 150%, now at £4,100,000. Bank borrowings have surged by 240%, reaching £130,000, and cash reserves have grown by 55%, now at £1,300,000. Trade debtors have increased dramatically by 190%, reaching £1,700,000, while creditors have also increased by 99%, now at £2,800,000. The company’s retained earnings have increased by 150%, reaching £4,100,000. It's worth noting that the company's bank loan is unsecured. The increase in bank borrowings and trade debtors could indicate expansion, but also potential cash flow challenges. The lack of an auditor mentioned suggests the company is exempt as a small company, relying on unaudited statements. The company’s director signing financial statements is Julien Fougere.

Registered in England/Wales under the registration number 12469786, with a registered address at B98 0HU, England, Redditch, Worcestershire, 48f Pipers Road, Park Farm Industrial Estate.

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