RAPID ELECTRONICS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -20.6%

  £24,482,412 → £19,429,074

  lowest in 3 filed years

• Cash

  +79.8%

  £1,404,495 → £2,525,355

• Net assets

  -1.7%

  £7,947,220 → £7,808,732

• Employees

  -1.7%

  116 → 114

  lowest in 4 filed years

• Operating profit

  -122%

  -£111,907 → -£248,430

  lowest in 3 filed years

• Profit before tax

  -589.7%

  -£24,391 → -£168,221

  lowest in 4 filed years

• Wages

  +1.3%

  £3,442,114 → £3,486,853

  highest in 4 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Ensors Accountants LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, a period of at least 12 months from the approval of the financial statements. As part of the assessment, the Directors have prepared detailed profit and loss and cash flow forecasts for the company which take into account their best estimate of the macro-economic environment, and these demonstrate that the company has sufficient cash for the foreseeable future. It is expected that the company will continue to operate as a going concern and as such the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “In 2024 turnover decreased by 20.6% compared to the prior year, a reduction of £5m. A proportion of turnover contraction can be attributed to decisions made to migrate away from low margin products both within the EV and Consumer markets. Overall, the business gross margin improved by 3.2% to 31.2% and operational costs reduced by 9.2% highlighting the benefits from strategic decisions taken.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.