Rapita Systems Limited

Rapita Systems Ltd, based in York, UK, is a small, active company established 21 years ago. Employing 58 people, the business holds £1,972,148 in assets and operates from a real address. With three directors and one owner, Rapita Systems is a regular importer and exporter of optical and medical tools and devices, with 9 months of import activity and 6 months of export activity recorded.

The company’s website reveals a focus on software verification tools and services for embedded aerospace, automotive, and military industries. It offers a suite of tools, including the RapiTest unitsystem testing tool, RapiCover structural coverage analysis tool, and RapiTime timing analysis tool. The website highlights its expertise in DO178C and ISO 26262 compliance, offering training, qualification services, and consultancy. It also features case studies showcasing its work with companies like GMV and Danlaw, demonstrating the practical application of its tools in real-world projects.

Financially, Rapita Systems shows some concerning trends. While cash reserves remained relatively stable at £560,000, net assets plummeted 74%, dropping to £240,000. Bank borrowings increased significantly, reaching £29,000—a 2,400% increase. Creditors also rose by 30%, reaching £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity raises questions. The lack of a mentioned auditor, likely due to its small size, means the figures are unaudited.

Despite these financial challenges, Rapita Systems’ focus on a specialized niche—software verification for safety-critical industries—suggests a potential for long-term success. The company’s website and case studies demonstrate a strong technical expertise and a commitment to providing valuable services to its customers.

Registered in England/Wales under the registration number 05011090, with a registered address at YO10 3JB, York, Atlas House Link Business Park, Osbaldwick Link Road.

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