Rapid Engineering N.e. Limited

Rapid Engineering Ne Ltd, based in Bicester, UK, is a small holding company with an active status, having been founded 21 years ago. The company employs 12 people and holds assets worth £7,942,234. With two directors and two owners, it operates from a real address and is registered with two other companies. It's a regular importer of machinery, boilers, and mechanical appliances—parts, having imported for 64 months, with the last import in February 2025. They also regularly export optical and medical tools and devices, having exported for 102 months, with the last export in February 2025.

The company’s website is unavailable for review, making it difficult to ascertain the specifics of their operations beyond the import/export activities. It's likely they are a business-to-business (B2B) supplier rather than a direct-to-consumer (D2C) retailer.

A review of Rapid Engineering Ne Ltd’s financial data reveals some interesting trends. Accumulated depreciation on property, plant, and equipment has increased, particularly for computer equipment and motor vehicles. Amounts owed by group undertakings have risen significantly, by 28%, to £4.9 million. Cash and bank holdings have improved, up 11% to £1.5 million, while bank borrowings have decreased substantially, down 66%, to £35,000. Creditors have increased by 20%, to £1.8 million, and other creditors have increased by a significant 92%, to £970,000. The company's net assets have increased by 9.2% to £6.1 million. Trade debtors have decreased by 32%, to £1.2 million.

These figures suggest the company is managing its cash flow effectively, reducing its reliance on bank borrowing. The increase in creditors could indicate a strategy of extending payment terms with suppliers, or possibly an increase in operational expenses. The decrease in trade debtors is a positive sign, indicating improved collection of payments from customers. The company meets the criteria to be considered a small company, and no auditor is mentioned, which is likely due to the small company exemption. The company’s financial health appears stable, though the increase in creditors warrants monitoring.

Registered in England/Wales under the registration number 04816411, with a registered address at OX26 2FL, England, Bicester, Unit 6 Axis Junction 9, Middleton Stoney Road.

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