Rapid International Limited

Rapid International Ltd, based in Co Armagh, UK, is a large, holding company with an active status. Founded 45 years ago in 1979, the company employs 60 people and holds £14,594,146 in assets. It has a real address and is overseen by eleven directors and one owner, boasting a respectable Google rating of 4.0 based on seven reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts (15 months imported), and exports the same (117 months exported).

Rapid International specializes in the manufacture of mobile concrete batching plants, mixers, and related equipment. Its website highlights its position as a leading manufacturer, supplying innovative mixing technology to companies like CEMEX, Lafarge Holcim, and Tata Steel. The company offers a range of products, from super-sized mobile batching plants to bespoke static plants, catering to the construction and mining industries. The website also showcases a division focused on piano restoration, a surprising diversification from its core business.

Financially, Rapid International presents a mixed picture. While current assets increased by 8.4% to £15,000,000, net assets decreased by 5.6% to £6,300,000. Bank borrowings remained stable, but cash reserves dropped 36% to £1,500,000. Creditors increased by 22%, and trade debtors decreased slightly. The company’s size (meeting two of three criteria for a large company) suggests it’s operating at a significant scale, but the decline in net assets could indicate increased costs or reduced profitability. The lack of a named auditor suggests the company is exempt from mandatory auditing, and the figures are unaudited.

Overall, Rapid International appears to be a well-established manufacturer facing some financial headwinds. The diversification into piano restoration is an interesting development, but it remains to be seen whether it will contribute to long-term success.

Registered in Northern Ireland under the registration number NI013822, with a registered address at BT62 2LX, Co Armagh, 96 Mullavilly Road, Tandragee.

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