rapid water courses limited
rapid water courses limited Company Information
Company Number
07522548
Next Accounts
Nov 2025
Industry
Construction of water projects
Shareholders
mr andrew duncan laird
mr peter vincent stienlet
View AllGroup Structure
View All
Contact
Registered Address
meldrum construction, halifax road, gateshead, tyne and wear, NE11 9JW
Website
www.rapidwatercourses.comrapid water courses limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID WATER COURSES LIMITED at £341.6k based on a Turnover of £1.1m and 0.31x industry multiple (adjusted for size and gross margin).
rapid water courses limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID WATER COURSES LIMITED at £226.7k based on an EBITDA of £71.9k and a 3.15x industry multiple (adjusted for size and gross margin).
rapid water courses limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID WATER COURSES LIMITED at £10.7k based on Net Assets of £5.4k and 1.98x industry multiple (adjusted for liquidity).
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Rapid Water Courses Limited Overview
Rapid Water Courses Limited is a live company located in gateshead, NE11 9JW with a Companies House number of 07522548. It operates in the construction of water projects sector, SIC Code 42910. Founded in February 2011, it's largest shareholder is mr andrew duncan laird with a 33.3% stake. Rapid Water Courses Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with unknown growth in recent years.
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Rapid Water Courses Limited Health Check
Pomanda's financial health check has awarded Rapid Water Courses Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£17.4m)
- Rapid Water Courses Limited
£17.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rapid Water Courses Limited
- - Industry AVG
Production
with a gross margin of 20.2%, this company has a comparable cost of product (20.2%)
- Rapid Water Courses Limited
20.2% - Industry AVG
Profitability
an operating margin of 6.5% make it more profitable than the average company (3.8%)
- Rapid Water Courses Limited
3.8% - Industry AVG
Employees
with 7 employees, this is below the industry average (67)
- Rapid Water Courses Limited
67 - Industry AVG
Pay Structure
on an average salary of £60.1k, the company has an equivalent pay structure (£60.1k)
- Rapid Water Courses Limited
£60.1k - Industry AVG
Efficiency
resulting in sales per employee of £157.7k, this is equally as efficient (£177.9k)
- Rapid Water Courses Limited
£177.9k - Industry AVG
Debtor Days
it gets paid by customers after 59 days, this is near the average (57 days)
- Rapid Water Courses Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (41 days)
- Rapid Water Courses Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Water Courses Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (20 weeks)
0 weeks - Rapid Water Courses Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97%, this is a higher level of debt than the average (53.2%)
97% - Rapid Water Courses Limited
53.2% - Industry AVG
RAPID WATER COURSES LIMITED financials
Rapid Water Courses Limited's latest turnover from February 2024 is estimated at £1.1 million and the company has net assets of £5.4 thousand. According to their latest financial statements, we estimate that Rapid Water Courses Limited has 7 employees and maintains cash reserves of £768 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | ||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | -2,526 | ||||||||||||
| Interest Payable | 0 | ||||||||||||
| Interest Receivable | 0 | ||||||||||||
| Pre-Tax Profit | -2,526 | ||||||||||||
| Tax | 0 | ||||||||||||
| Profit After Tax | -2,526 | ||||||||||||
| Dividends Paid | 0 | ||||||||||||
| Retained Profit | -2,526 | ||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | |||||||||||||
| EBITDA* | -2,526 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 180,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 410 | 410 | 135,907 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 90 | 90 | 90 | 90 | 480 | 0 | 0 | 410 | 0 | 0 | 0 | 0 | 0 |
| Cash | 768 | 948 | 1,128 | 1,250 | 21,401 | 0 | 0 | 21,917 | 23,718 | 26,558 | 5,000 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 180,858 | 1,038 | 1,218 | 1,340 | 21,881 | 0 | 0 | 22,327 | 24,128 | 26,968 | 140,907 | 0 | 0 |
| total assets | 180,858 | 1,038 | 1,218 | 1,340 | 21,881 | 0 | 0 | 22,327 | 24,128 | 26,968 | 140,907 | 0 | 0 |
| Bank overdraft | 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 |
| Trade Creditors | 151,691 | 15 | 0 | 0 | 24,420 | 0 | 0 | 24,000 | 68,950 | 69,030 | 140,889 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 32,013 | 0 | 0 | 32,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 23,752 | 49,567 | 49,567 | 49,567 | 13,675 | 0 | 0 | 13,675 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 175,443 | 49,582 | 49,567 | 49,567 | 70,108 | 0 | 0 | 69,675 | 68,950 | 69,030 | 140,889 | 0 | 0 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 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 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 175,443 | 49,582 | 49,567 | 49,567 | 70,108 | 0 | 0 | 69,675 | 68,950 | 69,030 | 140,889 | 0 | 0 |
| net assets | 5,415 | -48,544 | -48,349 | -48,227 | -48,227 | 0 | 0 | -47,348 | -44,822 | -42,062 | 18 | 0 | 0 |
| total shareholders funds | 5,415 | -48,544 | -48,349 | -48,227 | -48,227 | 0 | 0 | -47,348 | -44,822 | -42,062 | 18 | 0 | 0 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -2,526 | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | 0 | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 180,000 | 0 | 0 | -390 | 480 | 0 | -410 | 0 | 0 | -135,497 | 135,907 | 0 | 0 |
| Creditors | 151,676 | 15 | 0 | -24,420 | 24,420 | 0 | -24,000 | -44,950 | -80 | -71,859 | 140,889 | 0 | 0 |
| Accruals and Deferred Income | -25,815 | 0 | 0 | 35,892 | 13,675 | 0 | -13,675 | 13,675 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -33,801 | ||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -32,013 | 32,013 | 0 | -32,000 | 32,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||||
| interest | 0 | ||||||||||||
| cash flow from financing | 32,000 | ||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -180 | -180 | -122 | -20,151 | 21,401 | 0 | -21,917 | -1,801 | -2,840 | 21,558 | 5,000 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -180 | -180 | -122 | -20,151 | 21,401 | 0 | -21,917 | -1,801 | -2,840 | 21,558 | 5,000 | 0 | 0 |
rapid water courses limited Credit Report and Business Information
Rapid Water Courses Limited Competitor Analysis
Perform a competitor analysis for rapid water courses limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NE11 area or any other competitors across 12 key performance metrics.
rapid water courses limited Ownership
RAPID WATER COURSES LIMITED group structure
Rapid Water Courses Limited has no subsidiary companies.
Ultimate parent company
RAPID WATER COURSES LIMITED
07522548
rapid water courses limited directors
Rapid Water Courses Limited currently has 3 directors. The longest serving directors include Mr Andrew Laird (Feb 2011) and Mr David Meldrum (Feb 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Laird | England | 49 years | Feb 2011 | - | Director |
| Mr David Meldrum | United Kingdom | 61 years | Feb 2013 | - | Director |
| Mr Peter Stienlet | United Kingdom | 55 years | Feb 2013 | - | Director |
P&L
February 2024turnover
1.1m
+880985%
operating profit
71.9k
0%
gross margin
20.2%
-2.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
5.4k
-1.11%
total assets
180.9k
+173.24%
cash
768
-0.19%
net assets
Total assets minus all liabilities
Similar Companies
rapid water courses limited company details
company number
07522548
Type
Private limited with Share Capital
industry
42910 - Construction of water projects
incorporation date
February 2011
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
ARMSTRONG WATSON
auditor
-
address
meldrum construction, halifax road, gateshead, tyne and wear, NE11 9JW
Bank
-
Legal Advisor
-
rapid water courses 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 did not find charges/mortgages relating to rapid water courses limited.
rapid water courses 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 WATER COURSES LIMITED. This can take several minutes, an email will notify you when this has completed.
rapid water courses limited Companies House Filings - See Documents
| date | description | view/download |
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