Rappid Technologies Limited

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rappid technologies limited Company Information

Live

EstablishedMicroDeclining

Company Number

06029149

Website

Registered Address

13-17 high beech road, loughton, essex, IG10 4BN

Industry

Other telecommunications activities

Telephone

01525631019

Next Accounts Due

December 2025

Group Structure

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Directors

Paul Tang17 Years

Shareholders

paul tang 60%

marsha tang 40%

rappid technologies limited Estimated Valuation

£49k

Pomanda estimates the enterprise value of RAPPID TECHNOLOGIES LIMITED at £49k based on a Turnover of £69.6k and 0.7x industry multiple (adjusted for size and gross margin).

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Rappid Technologies Limited is a live company located in essex, IG10 4BN with a Companies House number of 06029149. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in December 2006, it's largest shareholder is paul tang with a 60% stake. Rappid Technologies Limited is a established, micro sized company, Pomanda has estimated its turnover at £69.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Rappid Technologies Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £69.6k, make it smaller than the average company (£12.5m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (4.9%)

EXPORT

Rappid Technologies Limited's latest turnover from March 2024 is estimated at £69.6 thousand and the company has net assets of £14.5 thousand. According to their latest financial statements, Rappid Technologies Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Dec 2009
Turnover	69,550	94,786	96,532	96,580	101,202	98,750	88,574	92,279	38,605	20,759	8,268	6,627	24,802	8,757	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	55,520	76,798	79,547	79,189	81,332	80,248	70,613	72,226	30,451	16,221	6,408	5,117	19,145	6,725	0
Gross Profit	14,030	17,988	16,984	17,391	19,869	18,502	17,961	20,053	8,154	4,538	1,860	1,510	5,657	2,032	0
Admin Expenses	-4,553	23,828	21,360	10,039	18,049	15,102	17,514	20,808	7,372	5,041	2,042	1,159	4,798	1,923	-272
Operating Profit	18,583	-5,840	-4,376	7,352	1,820	3,400	447	-755	782	-503	-182	351	859	109	272
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	1	5	13	15	7	7	7	1
Pre-Tax Profit	18,583	-5,840	-4,376	7,352	1,820	3,400	447	-754	788	-490	-167	358	866	115	274
Tax	-4,646	0	0	-1,397	-346	-646	-85	0	-157	0	0	-86	-225	-32	-77
Profit After Tax	13,937	-5,840	-4,376	5,955	1,474	2,754	362	-754	630	-490	-167	272	641	83	197
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	13,937	-5,840	-4,376	5,955	1,474	2,754	362	-754	630	-490	-167	272	641	83	197
Employee Costs	59,235	116,434	109,059	105,520	106,752	106,347	105,832	102,032	51,242	51,308	51,220	47,557	46,397	45,310	0
Number Of Employees	1	2	2	2	2	2	2	2	1	1	1	1	1	1	0
EBITDA*	18,583	-5,840	-4,376	7,352	1,820	3,400	447	-755	930	-330	-5	560	1,008	284	477

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Dec 2009
Tangible Assets	11,128	14,460	2,271	2,672	1,715	961	1,130	710	835	983	1,006	1,183	841	990	1,165
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	11,128	14,460	2,271	2,672	1,715	961	1,130	710	835	983	1,006	1,183	841	990	1,165
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	10,950	1,533	7,479	8,556	7,644	7,566	3,253	5,141	8,964	4,388	1,199	935	5,660	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	672	3,144	0	3,830	0	0	0	0	0	0	0	0	0	0	1,597
Cash	0	0	0	0	0	0	0	0	502	1,514	3,614	2,526	160	2,631	488
misc current assets	0	0	0	0	0	0	4,500	0	0	0	0	0	0	0	0
total current assets	11,622	4,677	7,479	12,386	7,644	7,566	7,753	5,141	9,466	5,902	4,813	3,461	5,820	2,631	2,085
total assets	22,750	19,137	9,750	15,058	9,359	8,527	8,883	5,851	10,301	6,885	5,819	4,644	6,661	3,621	3,250
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	7,369	17,693	2,466	1,431	3,654	4,346	6,158	4,786	9,232	6,446	4,890	3,548	5,837	3,438	3,052
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	7,369	17,693	2,466	1,431	3,654	4,346	6,158	4,786	9,232	6,446	4,890	3,548	5,837	3,438	3,052
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	900	900	900	2,867	900	850	2,148	850	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	900	900	900	2,867	900	850	2,148	850	0	0	0	0	0	0	0
total liabilities	8,269	18,593	3,366	4,298	4,554	5,196	8,306	5,636	9,232	6,446	4,890	3,548	5,837	3,438	3,052
net assets	14,481	544	6,384	10,760	4,805	3,331	577	215	1,069	439	929	1,096	824	183	198
total shareholders funds	14,481	544	6,384	10,760	4,805	3,331	577	215	1,069	439	929	1,096	824	183	198

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Dec 2009
Operating Activities
Operating Profit	18,583	-5,840	-4,376	7,352	1,820	3,400	447	-755	782	-503	-182	351	859	109	272
Depreciation	0	0	0	0	0	0	0	0	148	173	177	209	149	175	205
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,646	0	0	-1,397	-346	-646	-85	0	-157	0	0	-86	-225	-32	-77
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	6,945	-2,802	-4,907	4,742	78	4,313	-1,888	-3,823	4,576	3,189	264	-4,725	5,660	0	1,597
Creditors	-10,324	15,227	1,035	-2,223	-692	-1,812	1,372	-4,446	2,786	1,556	1,342	-2,289	2,399	3,438	3,052
Accruals and Deferred Income	0	0	-1,967	1,967	50	-1,298	1,298	850	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-3,332	12,189	-401	957	754	-4,669	4,920	-528	-1,017	-1,963	1,073	2,910	-2,478	3,690	1,855
Investing Activities
capital expenditure	3,332	-12,189	401	-957	-754	169	-420	125	0	-150	0	-551	0	-1,165	-1,370
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,332	-12,189	401	-957	-754	169	-420	125	0	-150	0	-551	0	-1,165	-1,370
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	100	1
interest	0	0	0	0	0	0	0	1	5	13	15	7	7	7	1
cash flow from financing	0	0	0	0	0	0	0	-99	5	13	15	7	7	107	2
cash and cash equivalents
cash	0	0	0	0	0	0	0	-502	-1,012	-2,100	1,088	2,366	-2,471	2,631	488
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-502	-1,012	-2,100	1,088	2,366	-2,471	2,631	488

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RAPPID TECHNOLOGIES LIMITED group structure

Rappid Technologies Limited has no subsidiary companies.

Ultimate parent company

RAPPID TECHNOLOGIES LIMITED

06029149

RAPPID TECHNOLOGIES LIMITED Shareholders

paul tang	60%
marsha tang	40%

Rappid Technologies Limited currently has 1 director, Mr Paul Tang serving since Dec 2006.

officer	country	age	start	end	role
Mr Paul Tang		55 years	Dec 2006	-	Director

P&L

March 2024

turnover

69.6k

-27%

operating profit

18.6k

gross margin

20.2%

+6.3%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

14.5k

+25.62%

total assets

22.8k

+0.19%

cash

net assets

Total assets minus all liabilities

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3.5

company number

06029149

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

incorporation date

December 2006

ultimate parent company

None

previous names

N/A

address

13-17 high beech road, loughton, essex, IG10 4BN

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 did not find charges/mortgages relating to rappid technologies limited.

rappid technologies limited Company Information

rappid technologies limited Estimated Valuation

rappid technologies limited Estimated Valuation

rappid technologies limited Estimated Valuation

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