Rapid Racking Limited

Rapid Racking Ltd, based in Cirencester, UK, is a sizable company holding a significant position within the industry. Established 39 years ago in 1986, it’s an active entity with 55 employees and boasts assets totaling £32,901,000. The company operates as a holding company, maintaining a real address and overseen by five directors and one owner. A key element of its operations is an e-commerce site, complemented by a 3.0 Google rating based on 55 reviews. Rapid Racking regularly imports and exports furniture, lighting, and prefabricated buildings, with 22 months of import activity and 11 months of export activity recorded.

The company’s website showcases a vast range of industrial shelving systems and storage solutions. It’s clear that Rapid Racking caters to a diverse clientele, offering everything from heavy-duty shelving for warehouses to workshop benches and office furniture. The site's design is functional, prioritizing product listings and easy navigation—a testament to its focus on serving business customers. The site also highlights a commitment to eco-responsible practices, further appealing to environmentally conscious buyers.

Financially, Rapid Racking Ltd presents a mixed picture. While assets remain substantial at £32,901,000, several key metrics indicate potential challenges. Accrued liabilities and deferred income decreased by 59%, which could signal improved cash flow management. However, depreciation and impairment of property, plant, and equipment increased by 40%, suggesting investments in infrastructure or potential write-downs. Administrative expenses rose by 4.8%, and staff costs remained consistent. Perhaps most concerning is a 13% increase in the average number of employees, coupled with a 7.7% decrease in cash bank on hand. The company’s dividend payments remained consistent, despite the challenges.

The lack of an auditor’s name mentioned in the report is not unusual for a company of this size. The trends suggest a period of investment and growth, but also a need for careful financial management. It's possible that the company is expanding its operations, which would explain the increased expenses and employee count—although the drop in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 01992143, with a registered address at GL7 6BQ, Cirencester, Gloucestershire, Unit M3, Kemble Industrial Park Kemble.

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