RAPID TOOLING SOLUTIONS LIMITED Financials
- Company number
- 09498627CopyCopy
- Registered office
- 9 Queens Court North, Third Avenue, Team Valley Trading Estate, Gateshead, Tyne And Wear NE11 0BU
- Incorporated
- 19/03/2015
Company snapshot
- Status
- Active
- Employees
- 9 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
18.75%vs 20232023: £812.94K
Total Assets
6.27%vs 20232023: £2.47M
Cash in Bank
33.76%vs 20232023: £198.17K
Total Liabilities
0.13%vs 20232023: £1.65M
Employees
-1vs 20232023: 10
In 2024, RAPID TOOLING SOLUTIONS LIMITED reported net assets of £965.36K. The same filing shows total assets of £2.62M, cash in bank of £265.07K and total liabilities of £1.65M. Reported headcount was 9 in 2024. Total Assets rose from £2.47M in 2023 to £2.62M in 2024 (6.27%). Okredo holds filed figures for 2021–2024; 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
18.75%from £812.94K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures RAPID TOOLING SOLUTIONS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+64.8%vs 2022+28.4% a year compound (CAGR)
Cash in Bank
+33.5%vs 2022+15.5% a year compound (CAGR)
Total Assets
+23.3%vs 2022+11.1% a year compound (CAGR)
Total Liabilities
+7.6%vs 2022+3.7% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Net Assets+64.8%
£585.66K in 2022 to £965.36K in 2024
Every measure that changed in RAPID TOOLING SOLUTIONS LIMITED's filings between 2022 and 2024 rose. The steepest rise came in net assets, pointing to a strengthening balance sheet, with cash in bank, total assets and total liabilities climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from RAPID TOOLING SOLUTIONS 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
- 36.84%2024
- 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
- 63.16%2024
- 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.
- Cash to liabilities
- 16.02%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 10.12%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for RAPID TOOLING SOLUTIONS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 429.85K | 585.66K | 812.94K | 965.36K |
| Total Assets£ | 1.52M | 2.12M | 2.47M | 2.62M |
| Cash in Bank£ | 17.26K | 198.53K | 198.17K | 265.07K |
| Total Liabilities£ | 1.09M | 1.54M | 1.65M | 1.65M |
| Employees | 9 | 9 | 10 | 9 |
RAPID TOOLING SOLUTIONS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for RAPID TOOLING SOLUTIONS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
RAPID TOOLING SOLUTIONS LIMITED reported net assets of £965.36K for 2024. That compares with £812.94K in 2023, a change of 18.75%.
RAPID TOOLING SOLUTIONS LIMITED reported total assets of £2.62M for 2024. That compares with £2.47M in 2023, a change of 6.27%.
RAPID TOOLING SOLUTIONS LIMITED reported cash in bank of £265.07K for 2024. That compares with £198.17K in 2023, a change of 33.76%.
RAPID TOOLING SOLUTIONS LIMITED reported 9 employees in 2024, compared with 10 in 2023.
Between 2022 and 2024, RAPID TOOLING SOLUTIONS LIMITED's net assets rose by 64.8%, cash in bank rose by 33.5%, total assets rose by 23.3% and total liabilities rose by 7.6%. Net assets compounded at 28.4% a year across the two years to 2024, from £585.66K to £965.36K. Reported headcount went from 9 in 2022 to 9 in 2024.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.