rapid engineering n.e. limited
rapid engineering n.e. limited Company Information
Company Number
04816411
Next Accounts
Sep 2025
Shareholders
european engineering group limited
react industrial solutions limited
Group Structure
View All
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Registered Address
unit 6 axis junction 9, middleton stoney road, bicester, OX26 2FL
Website
www.rapidengineering.co.ukrapid engineering n.e. limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID ENGINEERING N.E. LIMITED at £2.1m based on a Turnover of £4.6m and 0.47x industry multiple (adjusted for size and gross margin).
rapid engineering n.e. limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID ENGINEERING N.E. LIMITED at £2.5m based on an EBITDA of £640.5k and a 3.96x industry multiple (adjusted for size and gross margin).
rapid engineering n.e. limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID ENGINEERING N.E. LIMITED at £14.4m based on Net Assets of £6.1m and 2.36x industry multiple (adjusted for liquidity).
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Rapid Engineering N.e. Limited Overview
Rapid Engineering N.e. Limited is a live company located in bicester, OX26 2FL with a Companies House number of 04816411. It operates in the other engineering activities sector, SIC Code 71129. Founded in July 2003, it's largest shareholder is european engineering group limited with a 56% stake. Rapid Engineering N.e. Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.
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Rapid Engineering N.e. Limited Health Check
Pomanda's financial health check has awarded Rapid Engineering N.E. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £4.6m, make it in line with the average company (£5.2m)
- Rapid Engineering N.e. Limited
£5.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.2%)
- Rapid Engineering N.e. Limited
8.2% - Industry AVG
Production
with a gross margin of 32.9%, this company has a comparable cost of product (32.9%)
- Rapid Engineering N.e. Limited
32.9% - Industry AVG
Profitability
an operating margin of 13.7% make it more profitable than the average company (5.8%)
- Rapid Engineering N.e. Limited
5.8% - Industry AVG
Employees
with 12 employees, this is below the industry average (36)
12 - Rapid Engineering N.e. Limited
36 - Industry AVG
Pay Structure
on an average salary of £58.1k, the company has an equivalent pay structure (£58.1k)
- Rapid Engineering N.e. Limited
£58.1k - Industry AVG
Efficiency
resulting in sales per employee of £379.4k, this is more efficient (£136.4k)
- Rapid Engineering N.e. Limited
£136.4k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (66 days)
- Rapid Engineering N.e. Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (28 days)
- Rapid Engineering N.e. Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is in line with average (35 days)
- Rapid Engineering N.e. Limited
35 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 41 weeks, this is more cash available to meet short term requirements (18 weeks)
41 weeks - Rapid Engineering N.e. Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.5%, this is a lower level of debt than the average (57.4%)
23.5% - Rapid Engineering N.e. Limited
57.4% - Industry AVG
RAPID ENGINEERING N.E. LIMITED financials
Rapid Engineering N.E. Limited's latest turnover from December 2023 is estimated at £4.6 million and the company has net assets of £6.1 million. According to their latest financial statements, Rapid Engineering N.E. Limited has 12 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 12 | 12 | 13 | 15 | 12 | 13 | 13 | 13 | 13 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 46,172 | 33,090 | 28,141 | 22,434 | 23,266 | 20,716 | 20,400 | 19,903 | 31,347 | 18,930 | 27,919 | 20,228 | 29,888 | 28,904 | 25,020 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 46,172 | 33,090 | 28,141 | 22,434 | 23,266 | 20,716 | 20,400 | 19,903 | 31,347 | 18,930 | 27,919 | 20,228 | 29,888 | 28,904 | 25,020 |
| Stock & work in progress | 279,500 | 279,500 | 279,500 | 279,500 | 279,500 | 279,500 | 279,500 | 279,500 | 279,500 | 264,500 | 258,500 | 205,000 | 152,000 | 105,000 | 67,000 |
| Trade Debtors | 1,157,740 | 1,705,846 | 1,443,488 | 1,143,028 | 1,244,033 | 1,388,688 | 999,647 | 968,257 | 1,259,599 | 1,421,036 | 897,665 | 1,044,789 | 1,414,775 | 1,033,467 | 852,811 |
| Group Debtors | 4,905,044 | 3,824,316 | 2,399,300 | 1,824,483 | 977,352 | 717,801 | 721,902 | 233,496 | 233,496 | 233,496 | 233,496 | ||||
| Misc Debtors | 112,020 | 58,207 | 581,534 | 1,220,824 | 39,576 | 59,054 | 180,110 | 10,297 | 43,245 | ||||||
| Cash | 1,487,930 | 1,339,627 | 1,684,557 | 779,002 | 1,718,347 | 1,805,077 | 2,004,938 | 1,877,088 | 2,077,590 | 1,386,210 | 1,120,660 | 896,699 | 568,503 | 418,717 | 195,124 |
| misc current assets | |||||||||||||||
| total current assets | 7,942,234 | 7,207,496 | 6,388,379 | 5,246,837 | 4,258,808 | 4,250,120 | 4,186,097 | 3,368,638 | 3,893,430 | 3,071,746 | 2,510,321 | 2,379,984 | 2,135,278 | 1,557,184 | 1,114,935 |
| total assets | 7,988,406 | 7,240,586 | 6,416,520 | 5,269,271 | 4,282,074 | 4,270,836 | 4,206,497 | 3,388,541 | 3,924,777 | 3,090,676 | 2,538,240 | 2,400,212 | 2,165,166 | 1,586,088 | 1,139,955 |
| Bank overdraft | 66,950 | 66,950 | 66,951 | 189,988 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 648,289 | 764,425 | 734,945 | 685,734 | 641,529 | 901,327 | 1,077,430 | 518,905 | 1,250,073 | 1,199,404 | 902,359 | 1,066,043 | 1,189,585 | 828,077 | 594,448 |
| Group/Directors Accounts | 56,382 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,130,090 | 710,942 | 601,599 | 648,416 | 512,551 | 443,395 | 420,586 | 428,742 | 410,028 | ||||||
| total current liabilities | 1,845,329 | 1,542,317 | 1,403,495 | 1,524,138 | 1,154,080 | 1,401,104 | 1,498,016 | 947,647 | 1,660,101 | 1,199,404 | 902,359 | 1,066,043 | 1,189,585 | 828,077 | 594,448 |
| loans | 35,488 | 103,690 | 171,891 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 4,421 | 4,421 | 4,421 | 4,143 | 4,080 | 3,981 | 6,298 | 4,433 | 6,478 | 4,326 | 7,068 | 5,361 | 4,094 | ||
| total long term liabilities | 35,488 | 103,690 | 176,312 | 4,421 | 4,421 | 4,143 | 4,080 | 3,981 | 6,298 | 4,433 | 6,478 | 4,326 | 7,068 | 5,361 | 4,094 |
| total liabilities | 1,880,817 | 1,646,007 | 1,579,807 | 1,528,559 | 1,158,501 | 1,405,247 | 1,502,096 | 951,628 | 1,666,399 | 1,203,837 | 908,837 | 1,070,369 | 1,196,653 | 833,438 | 598,542 |
| net assets | 6,107,589 | 5,594,579 | 4,836,713 | 3,740,712 | 3,123,573 | 2,865,589 | 2,704,401 | 2,436,913 | 2,258,378 | 1,886,839 | 1,629,403 | 1,329,843 | 968,513 | 752,650 | 541,413 |
| total shareholders funds | 6,107,589 | 5,594,579 | 4,836,713 | 3,740,712 | 3,123,573 | 2,865,589 | 2,704,401 | 2,436,913 | 2,258,378 | 1,886,839 | 1,629,403 | 1,329,843 | 968,513 | 752,650 | 541,413 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 15,391 | 13,725 | 7,601 | 7,477 | 7,427 | 8,603 | 7,811 | 11,759 | 11,860 | 8,989 | 9,502 | 8,979 | 9,073 | 8,900 | 6,143 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | 15,000 | 6,000 | 53,500 | 53,000 | 47,000 | 38,000 | 67,000 | ||||||||
| Debtors | 586,435 | 1,164,047 | 235,987 | 1,927,374 | 95,418 | 263,884 | 689,609 | -324,290 | 115,304 | 289,875 | -147,124 | -136,490 | 381,308 | 180,656 | 852,811 |
| Creditors | -116,136 | 29,480 | 49,211 | 44,205 | -259,798 | -176,103 | 558,525 | -731,168 | 50,669 | 297,045 | -163,684 | -123,542 | 361,508 | 233,629 | 594,448 |
| Accruals and Deferred Income | 419,148 | 109,343 | -46,817 | 135,865 | 69,156 | 22,809 | -8,156 | 18,714 | 410,028 | ||||||
| Deferred Taxes & Provisions | -4,421 | 278 | 63 | 99 | -2,317 | 1,865 | -2,045 | 2,152 | -2,742 | 1,707 | 1,267 | 4,094 | |||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -56,382 | 56,382 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -68,202 | -68,201 | 171,891 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 148,303 | -344,930 | 905,555 | -939,345 | -86,730 | -199,861 | 127,850 | -200,502 | 691,380 | 265,550 | 223,961 | 328,196 | 149,786 | 223,593 | 195,124 |
| overdraft | -1 | -123,037 | 189,988 | ||||||||||||
| change in cash | 148,303 | -344,929 | 1,028,592 | -1,129,333 | -86,730 | -199,861 | 127,850 | -200,502 | 691,380 | 265,550 | 223,961 | 328,196 | 149,786 | 223,593 | 195,124 |
rapid engineering n.e. limited Credit Report and Business Information
Rapid Engineering N.e. Limited Competitor Analysis
Perform a competitor analysis for rapid engineering n.e. limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in OX26 area or any other competitors across 12 key performance metrics.
rapid engineering n.e. limited Ownership
RAPID ENGINEERING N.E. LIMITED group structure
Rapid Engineering N.E. Limited has no subsidiary companies.
Ultimate parent company
2 parents
RAPID ENGINEERING N.E. LIMITED
04816411
rapid engineering n.e. limited directors
Rapid Engineering N.E. Limited currently has 2 directors. The longest serving directors include Ms Angeleen Bituin (Apr 2024) and Mr Neil Simpkins (Mar 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Angeleen Bituin | England | 37 years | Apr 2024 | - | Director |
| Mr Neil Simpkins | England | 53 years | Mar 2025 | - | Director |
P&L
December 2023turnover
4.6m
-24%
operating profit
625.2k
0%
gross margin
33%
+1.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.1m
+0.09%
total assets
8m
+0.1%
cash
1.5m
+0.11%
net assets
Total assets minus all liabilities
rapid engineering n.e. limited company details
company number
04816411
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
July 2003
age
22
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
unit 6 axis junction 9, middleton stoney road, bicester, OX26 2FL
Bank
-
Legal Advisor
-
rapid engineering n.e. limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to rapid engineering n.e. limited. Currently there are 2 open charges and 1 have been satisfied in the past.
rapid engineering n.e. limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for RAPID ENGINEERING N.E. LIMITED. This can take several minutes, an email will notify you when this has completed.
rapid engineering n.e. limited Companies House Filings - See Documents
| date | description | view/download |
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