RAPID DRAINAGE SERVICES LIMITED Financials
- Company number
- 11961043CopyCopy
- Industry
- Sewerage (37.00 - SIC 2007)
- Registered office
- 760 Eastern Avenue, Suite 2, Ilford IG2 7HU
- Incorporated
- 24/04/2019
Company snapshot
- Status
- Active
- Employees
- 5 (2025)
- Latest financial data
- 2025
- Accounts type
- Micro Entity
- Industry
- Sewerage (37.00 - SIC 2007)
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
59.18%vs 20242024: £71.42K
Total Assets
17.28%vs 20242024: £178.16K
Total Liabilities
-10.76%vs 20242024: £106.74K
Employees
+3vs 20242024: 2
In 2025, RAPID DRAINAGE SERVICES LIMITED reported net assets of £113.68K. The same filing shows total assets of £208.94K and total liabilities of £95.26K. Reported headcount was 5 in 2025. Net Assets rose from £71.42K in 2024 to £113.68K in 2025 (59.18%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
59.18%from £71.42K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures RAPID DRAINAGE SERVICES LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+263%vs 2023+90.4% a year compound (CAGR)
Total Assets
+100%vs 2023+41.5% a year compound (CAGR)
Total Liabilities
+30.5%vs 2023+14.2% a year compound (CAGR)
Employees
+66.7%vs 2023+2Biggest increase
Net Assets+263%
£31.35K in 2023 to £113.68K in 2025
Every indicator Okredo holds for RAPID DRAINAGE SERVICES LIMITED rose between 2023 and 2025. The steepest rise came in net assets, pointing to a strengthening balance sheet, with total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from RAPID DRAINAGE SERVICES LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 54.41%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 45.59%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for RAPID DRAINAGE SERVICES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 3.61K | 23.38K | 31.35K | 71.42K | 113.68K |
| Total Assets£ | 59.55K | 41.68K | 104.37K | 178.16K | 208.94K |
| Cash in Bank£ | – | – | – | – | – |
| Total Liabilities£ | 55.95K | 18.31K | 73.01K | 106.74K | 95.26K |
| Employees | 1 | 3 | 3 | 2 | 5 |
RAPID DRAINAGE SERVICES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for RAPID DRAINAGE SERVICES LIMITED covering 2021–2025, across 4 reported indicators. The most recent reported year is 2025.
RAPID DRAINAGE SERVICES LIMITED reported net assets of £113.68K for 2025. That compares with £71.42K in 2024, a change of 59.18%.
RAPID DRAINAGE SERVICES LIMITED reported total assets of £208.94K for 2025. That compares with £178.16K in 2024, a change of 17.28%.
RAPID DRAINAGE SERVICES LIMITED reported total liabilities of £95.26K for 2025. That compares with £106.74K in 2024, a change of -10.76%.
RAPID DRAINAGE SERVICES LIMITED reported 5 employees in 2025, compared with 2 in 2024.
Between 2023 and 2025, RAPID DRAINAGE SERVICES LIMITED's net assets rose by 263%, total assets rose by 100%, total liabilities rose by 30.5% and employee numbers rose by 66.7%. Net assets compounded at 90.4% a year across the two years to 2025, from £31.35K to £113.68K. Reported headcount went from 3 in 2023 to 5 in 2025 (+2).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.