Rapid Marine Limited

Rapid Marine Ltd from Bideford UK: small company, active status, founded 11 years ago, 4 employees, £332,728 assets, virtual address, 1 director, 1 owner, solo founder, e-commerce site, google rating 5.0 based on 4 reviews. Irregular importer of iron or steel products (2 months imported). Regular exporter of various textile products, sets, used clothing, and rags (41 months exported). It’s a small business, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company operates in the retail sale via mail order houses or via internet industries, and its website showcases a wide range of marine equipment and accessories. Rapid Marine specializes in lifting slings and stainless steel ratchet tie-down kits for tenders and jet skis, supporting the industry worldwide. The website lists brands like AB Inflatables, Brig Boats, Highfield Boats, Pirelli Tecnorib, SeaDoo, Williams Jet Tenders, and Yamaha Jetski, alongside a selection of deck equipment, padeyes, and ratchet straps. It also offers a variety of tender chocks and lifting slings, catering to a niche market of boat owners and marine enthusiasts.

Financially, Rapid Marine Ltd has seen some interesting changes. Accumulated amortisation impairment for intangible assets increased by 30%, while depreciation impairment for property, plant, and equipment rose by 54%. There was a significant increase in advances and credits to directors, jumping nearly 1000% to £18,000, and a decrease in repayments of £12,000. The number of employees increased by 50% to six, and cash reserves improved by 190% to £2,000. Creditors decreased by 3.9%, and debtors increased by 11%. While net assets increased by 29% to £150,000, it’s worth noting that the company’s address is probably virtual, as 127 companies registered at the same address. With no auditor mentioned, the financial statements are unaudited.

Overall, Rapid Marine Ltd appears to be a growing business, but the increase in advances to directors and the reliance on a virtual address are points to keep an eye on. The company's focus on a specialized market and its strong online presence suggest a solid foundation for future success, though.

Registered in England/Wales under the registration number 08566090, with a registered address at EX39 2AT, United Kingdom, Bideford, Devon, 69 High Street.

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