Rapid Engineering Supplies Limited

Rapid Engineering Supplies Ltd, based in Bicester, UK, is a small, holding company with an active status. Established 26 years ago in 1998, the company employs 25 people and holds assets valued at £4,904,040. It operates from a real address and is managed by one director and one owner. The business regularly imports machinery, boilers, and mechanical appliances, with parts imported for 75 months—the last operation in November 01, 2022. Export activity is less frequent, with just one month of exports recorded back in June 01, 2016.

The company's website reveals Rapid Engineering Ltd offers a range of services, primarily focusing on precision engineering. They specialize in CNC turning, milling, and fabrication, catering to clients needing bespoke work and machinery repairs. They boast ISO 9001 certification and decades of experience, emphasizing quality machining and quick turnaround times. Their website details a variety of services, from sandblasting to hydraulic pressing, suggesting a versatile workshop capable of handling diverse projects. It’s clear they’re not an e-commerce business, but rather a service provider offering custom engineering solutions.

Financially, Rapid Engineering Supplies Ltd shows some concerning trends. Current assets have decreased by 21%, dropping to £4,900,000, while net assets have also declined, falling 18% to £3,800,000. Bank borrowings remain stable at £190,000, but cash reserves have increased significantly by 160%, reaching £2,600,000. Creditors have decreased by 54%, a positive sign, and trade debtors have fallen by a substantial 59%, suggesting improved collection of payments. The company meets the criteria for a small business, with turnover below £10.2 million and fewer than 50 employees. The increase in cash reserves is a good sign, but the decrease in net assets should be monitored. There is a significant increase in advances credits to the director, from £9,600 to £40,000. With no auditor mentioned, the figures are unaudited. The company is currently overdue with its accounts and confirmation statement for two years.

Registered in England/Wales under the registration number 03663511, with a registered address at OX26 4LD, Bicester, Oxon, Unit B8, Telford Road.

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