RAPID INTERNATIONAL LIMITED

📈Growthactive

NI013822 · ltd · incorporated 1979-09-05

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 28921

Sector: Manufacturing

Investor take

Pursue

Leverage-led grower with a 80-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 46.2y

45/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 46.2 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

17 officers (11 active, 17 linked, 15 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

8 connected companies via shared directors

Filing history

147 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £1,552,947

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-08-31	2023-08-31
Profit before tax	£1.55M	£687.2k
Average employees	6200	6200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2025-05-29
📄
accounts-with-accounts-type-full
accounts · AA
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-03
📄
accounts-with-accounts-type-full
accounts · AA
2023-05-31
📄
accounts-with-accounts-type-small
accounts · AA
2022-12-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-04
➕
CORDNER, Mervyn Paul appointed
director
2022-11-04
➕
GILMORE, Patrick Jarlath appointed
director
2022-11-04
➕
MCCORMICK, Ivan William Martin appointed
director
2022-11-04
➕
REILLY, Keith Thomas James appointed
director
2022-11-04
➕
REILLY, Michelle appointed
director
2022-11-04
➕
WILSON, Duncan Campbell appointed
director
2022-05-26
📄
accounts-with-accounts-type-small
accounts · AA
2021-05-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-01
➕
PICKERING, John appointed
secretary
2021-02-01
➕
PICKERING, John Robert appointed
director
2021-02-01
➖
COMPTON, Brian Oliver resigned
secretary
2021-02-01
➖
COMPTON, Brian Oliver resigned
director
2018-03-14
➖
LAPPIN, Thomas James resigned
director
2009-08-31
➖
PICKERING, Alan Richard resigned
director
2009-06-30
➕
PICKERING, Doris Isobel appointed
director
2007-08-16
➕
COMPTON, Brian Oliver appointed
director
2007-07-24
➖
PICKERING, Robert L resigned
director
2003-01-01
➖
LAPPIN, Thomas J resigned
director
2000-01-03
➕
PICKERING, Alan Richard appointed
director
1999-08-26
🔓
Charge satisfied #1
1995-05-31
🔒
Charge registered #1
Lender: Forward Trust LTD
1992-10-16
🔒
Charge registered #6
Lender: Northern Bank Limited
1989-10-24
🔓
Charge satisfied #2
1989-08-17
🔒
Charge registered #5
Lender: Northern Bank Limited
1980-09-04
🔒
Charge registered #4
Lender: Northern Bank Limited
1980-09-04
🔒
Charge registered #3
Lender: Northern Bank Limited
1980-03-07
🔒
Charge registered #2
Lender: Local Enterprise Development Unit
1979-09-05
🏢
Company incorporated
As RAPID INTERNATIONAL LIMITED
1979-09-05
➕
LAPPIN, Mark James appointed
director
1979-09-05
➕
PICKERING, George Victor appointed
director
1979-09-05
➕
COMPTON, Brian Oliver appointed
secretary
1979-09-05
➕
LAPPIN, Thomas J appointed
director

Showing most recent 50 of 52 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-10 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 47 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
primary20+ year tenure: Director in role 47 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 47 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Rapid International (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Rapid International (Holdings) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

RAPID INTERNATIONAL LIMITED

This company · NI013822

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Rapid International (Holdings) Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	01/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Manufacturing · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
JAMES F MCCUE LIMITED→ NI005090 · est 1961	£11.70M £9.10M–£14.30M	£44.45M	—	13200	64y	88	65y
MOYOLA PRECISION ENGINEERING LIMITED→ NI011104 · est 1976	£9.10M £7.08M–£11.12M	£25.33M	—	14500	50y	93	61y
GRAY & ADAMS (IRELAND) LIMITED→ NI015858 · est 1982	£8.63M £6.71M–£10.54M	—	—	69	43y	87	71y
CROSSLAND TANKERS LIMITED→ NI018916 · est 1985	£7.56M £5.88M–£9.24M	£23.91M	—	13200	40y	87	67y
HERON MANUFACTURE LIMITED→ NI031984 · est 1997	£6.47M £5.03M–£7.90M	£23.44M	—	0	29y	94	62y
REDROCK MACHINERY LIMITED→ NI602382 · est 2010	£6.40M £4.98M–£7.83M	£23.78M	—	10000	16y	87	68y
CENTRAL CHEMICAL SUPPLIES LIMITED→ NI032489 · est 1997	£4.79M £3.72M–£5.85M	£16.98M	—	3500	28y	88	78y
SCOTTS ELECTRICAL SERVICES LIMITED→ NI065926 · est 2007	£3.92M £3.05M–£4.80M	—	—	69	18y	88	66y
ABBEY UPHOLSTERERS LIMITED→ NI010849 · est 1975	£3.64M £2.83M–£4.45M	£12.22M	—	11400	50y	88	82y
HEYN ENGINEERING (NI) LIMITED→ NI038423 · est 2000	£2.57M £2.00M–£3.14M	—	—	64	26y	87	70y
CANYON EUROPE LIMITED→ NI019880 · est 1986	£1.50M £1.17M–£1.84M	£9.36M	—	7600	39y	100	70y
PORTA-FILL INTERNATIONAL LIMITED→ NI027400 · est 1993	£1.32M £1.03M–£1.62M	—	—	52	33y	87	77y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated1979-09-05

Jurisdictionnorthern-ireland

Primary SIC28921 — SIC 28921

Registered office

96 Mullavilly Road

Tandragee

Co Armagh

BT62 2LX

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-08-31

Confirmation statement

Next due: 2027-02-22

Last: 2026-02-08