Rapid Renewables Limited

Rapid Renewables Ltd from Colnbrook UK: small company, active status, founded 3 years ago, 6 employees, £3,377,557 assets, yearly revenue: £14,724,932, real address, 3 directors, 3 owners. Regular importer of electrical machinery and equipment (7 months imported). Irregular exporter of electrical machinery and equipment (1 months exported).

Rapid Renewables Ltd is a small, active company based in Colnbrook, England, specializing in the wholesale distribution of renewable energy solutions. Founded just three years ago in 2022, it employs six people and holds a substantial £3.38 million in assets, generating an impressive £14.7 million in revenue annually. The company, with its real address and three directors, operates as a key supplier to installers across the UK.

The company’s website highlights its focus on solar photovoltaic (PV) panels, battery storage, inverters, air source heat pumps, and EV chargers. It positions itself as a leading stockist, backed by the established electrical wholesale distributor, Rapid Electrical, which has been trading for two decades. Operating from modern warehouses totaling over 30,000 square feet, Rapid Renewables serves commercial and domestic installers, primarily in London, the Home Counties, and the Midlands. The website emphasizes a bespoke service, quality products, and competitive pricing—hallmarks of a successful wholesale operation.

Financially, Rapid Renewables Ltd has experienced some significant shifts. Bank borrowings have surged by a staggering 300%, reaching £1.3 million, while cash reserves have fallen 71% to £700,000. Creditors have also risen substantially, increasing by 150% to £820,000. However, the company's turnover has increased by 160%, indicating strong sales growth. Despite the increase in liabilities, the company's net assets have increased by 130%, reaching £590,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in borrowing raises questions about its financial structure. With no auditor mentioned, the figures rely on unaudited statements.

In short, Rapid Renewables Ltd is experiencing rapid growth but also increased financial pressures. The company’s success in distributing renewable energy products is evident, but managing its debt will be crucial for its long-term sustainability.

Registered in England/Wales under the registration number 13925031, with a registered address at SL3 0NJ, United Kingdom, Colnbrook, Slough, Unit 10 Coln Industrial Estate, Old Bath Road.

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