Rapid Ramp Ltd

Rapid Ramp Ltd from Etchingham UK: a small holding company with an active status, was founded seventeen years ago. The company employs twenty-six people and holds assets valued at £5,243,386. It has a real address, six directors, and one owner. Rapid Ramp is an irregular importer of aluminum and aluminum products, with just one month of imports recorded.

The company specializes in designing and manufacturing modular ramps and steps, providing access solutions across the UK. It operates under two brands: Rapid Hire for temporary needs, and Rapid Ramp for permanent installations. They cater to commercial properties, public buildings, and residential projects, offering bespoke ramps and steps tailored to specific requirements. The website highlights a 50-year experience, offering services like design, slip testing, installation, and site surveys. They even provide a ramp calculator and step calculator for customers.

Financially, Rapid Ramp Ltd shows a mixed picture. While current assets increased by 20% to £5,200,000, net assets grew by 29% to £4,800,000. However, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 84% to just £430,000. Creditors also increased by 23%, and trade debtors ballooned by 280%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, indicating exemption as a small company.

The surge in borrowings and decline in cash reserves suggests the company may be investing heavily in its operations or facing increased working capital needs. The significant increase in trade debtors could indicate challenges in collecting payments from customers. While the growth in assets is positive, it’s important to monitor the company’s cash flow and debt levels closely.

Registered in England/Wales under the registration number 06449679, with a registered address at TN19 7AS, United Kingdom, Etchingham, East Sussex, Riverside Works, Church Lane.

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