rapid powders limited
rapid powders limited Company Information
Company Number
09167505
Website
www.rapidcoat.comRegistered Address
6,7/1f unit 29 blythe house, blythe park, cresswell lane, stoke-on-trent, staffordshire moorlands, ST11 9RD
Industry
Manufacture of other plastic products
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
david field 50%
ian balchin 50%
rapid powders limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID POWDERS LIMITED at £81.7k based on a Turnover of £237k and 0.34x industry multiple (adjusted for size and gross margin).
rapid powders limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID POWDERS LIMITED at £0 based on an EBITDA of £-67.9k and a 2.8x industry multiple (adjusted for size and gross margin).
rapid powders limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID POWDERS LIMITED at £0 based on Net Assets of £-180.2k and 1.72x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rapid Powders Limited Overview
Rapid Powders Limited is a live company located in stoke-on-trent, ST11 9RD with a Companies House number of 09167505. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in August 2014, it's largest shareholder is david field with a 50% stake. Rapid Powders Limited is a established, micro sized company, Pomanda has estimated its turnover at £237k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Rapid Powders Limited Health Check
Pomanda's financial health check has awarded Rapid Powders Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £237k, make it smaller than the average company (£16.6m)
- Rapid Powders Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (7.2%)
- Rapid Powders Limited
7.2% - Industry AVG
Production
with a gross margin of 26.2%, this company has a comparable cost of product (26.2%)
- Rapid Powders Limited
26.2% - Industry AVG
Profitability
an operating margin of -35.3% make it less profitable than the average company (5.5%)
- Rapid Powders Limited
5.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (98)
3 - Rapid Powders Limited
98 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
- Rapid Powders Limited
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £79k, this is less efficient (£172.9k)
- Rapid Powders Limited
£172.9k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (53 days)
- Rapid Powders Limited
53 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Powders Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Powders Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Rapid Powders Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 438.9%, this is a higher level of debt than the average (41.8%)
438.9% - Rapid Powders Limited
41.8% - Industry AVG
RAPID POWDERS LIMITED financials
Rapid Powders Limited's latest turnover from August 2023 is estimated at £237 thousand and the company has net assets of -£180.2 thousand. According to their latest financial statements, Rapid Powders Limited has 3 employees and maintains cash reserves of £842 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 3 | 2 | 1 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,865 | 16,865 | 22,486 | 998 | 378 | 941 | 1,664 | 2,388 | 99 |
| Intangible Assets | 27,510 | 35,476 | 44,871 | 51,130 | 53,009 | 23,025 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 3,800 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 45,175 | 52,341 | 67,357 | 52,128 | 53,387 | 23,966 | 1,664 | 2,388 | 99 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,054 | 13,650 | 30,572 | 0 | 0 | 0 | 0 | 4,833 | 1,440 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,105 | 13,592 | 4,228 | 3,543 | 1,278 | 6,217 | 6,410 | 7,696 | 707 |
| Cash | 842 | 5,368 | 433 | 5,655 | 1,769 | 7,015 | 0 | 2,601 | 1,533 |
| misc current assets | 0 | 0 | 0 | 0 | 123 | 0 | 0 | 0 | 0 |
| total current assets | 8,001 | 32,610 | 35,233 | 9,198 | 3,170 | 13,232 | 6,410 | 15,130 | 3,680 |
| total assets | 53,176 | 84,951 | 102,590 | 61,326 | 56,557 | 37,198 | 8,074 | 17,518 | 3,779 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 396 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 2,170 | 0 | 0 | 0 | 0 | 0 | 0 | 1,205 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 204,073 | 151,115 | 125,054 | 96,165 | 71,898 | 54,349 | 40,719 | 38,998 | 19,055 |
| total current liabilities | 204,073 | 153,285 | 125,054 | 96,165 | 71,898 | 54,349 | 41,115 | 38,998 | 20,260 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 29,297 | 28,394 | 28,130 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 29,297 | 28,394 | 28,130 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 233,370 | 181,679 | 153,184 | 96,165 | 71,898 | 54,349 | 41,115 | 38,998 | 20,260 |
| net assets | -180,194 | -96,728 | -50,594 | -34,839 | -15,341 | -17,151 | -33,041 | -21,480 | -16,481 |
| total shareholders funds | -180,194 | -96,728 | -50,594 | -34,839 | -15,341 | -17,151 | -33,041 | -21,480 | -16,481 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 6,275 | 5,621 | 5,621 | 375 | 563 | 723 | 724 | 486 | 21 |
| Amortisation | 9,466 | 9,395 | 9,394 | 9,246 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -16,283 | -7,558 | 31,257 | 2,265 | -4,939 | -193 | -6,119 | 10,382 | 2,147 |
| Creditors | -2,170 | 2,170 | 0 | 0 | 0 | 0 | 0 | -1,205 | 1,205 |
| Accruals and Deferred Income | 52,958 | 26,061 | 28,889 | 24,267 | 17,549 | 13,630 | 1,721 | 19,943 | 19,055 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 903 | 264 | 28,130 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -4,526 | 4,935 | -5,222 | 3,886 | -5,246 | 7,015 | -2,601 | 1,068 | 1,533 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -396 | 396 | 0 | 0 |
| change in cash | -4,526 | 4,935 | -5,222 | 3,886 | -5,246 | 7,411 | -2,997 | 1,068 | 1,533 |
rapid powders limited Credit Report and Business Information
Rapid Powders Limited Competitor Analysis
Perform a competitor analysis for rapid powders limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in ST11 area or any other competitors across 12 key performance metrics.
rapid powders limited Ownership
RAPID POWDERS LIMITED group structure
Rapid Powders Limited has no subsidiary companies.
Ultimate parent company
RAPID POWDERS LIMITED
09167505
rapid powders limited directors
Rapid Powders Limited currently has 2 directors. The longest serving directors include Mr Ian Balchin (Aug 2014) and Dr David Field (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Balchin | 60 years | Aug 2014 | - | Director | |
| Dr David Field | England | 68 years | Aug 2014 | - | Director |
P&L
August 2023turnover
237k
+23%
operating profit
-83.6k
0%
gross margin
26.2%
-6.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-180.2k
+0.86%
total assets
53.2k
-0.37%
cash
842
-0.84%
net assets
Total assets minus all liabilities
Similar Companies
rapid powders limited company details
company number
09167505
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
August 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
6,7/1f unit 29 blythe house, blythe park, cresswell lane, stoke-on-trent, staffordshire moorlands, ST11 9RD
last accounts submitted
August 2023
rapid powders 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 powders limited.
rapid powders limited Companies House Filings - See Documents
| date | description | view/download |
|---|
