RAPIDROP GLOBAL LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-18 (in 5mo)
Last made up 2025-10-04
Watchouts
Cash
£6M
+25.4% vs 2023
Net assets
£19M
+10.2% vs 2023
Employees
145
0% vs 2023
Profit before tax
£4M
+2.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation
- RAPIDROP GLOBAL LIMITED 2010-12-02 → present
- IFI GROUP LIMITED 2005-10-07 → 2010-12-02
- SHELFCO (NO. 3121) LIMITED 2005-07-08 → 2005-10-07
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £49,316,733 | £49,164,415 | |
| Operating profit | £3,904,639 | £3,917,192 | |
| Profit before tax | £3,864,969 | £3,944,415 | |
| Net profit | £3,383,999 | £1,915,382 | |
| Cash | £4,673,260 | £5,859,663 | |
| Total assets less current liabilities | £17,503,872 | £20,627,704 | |
| Net assets | £16,799,449 | £18,513,942 | |
| Equity | £16,799,449 | £18,513,942 | |
| Average employees | 145 | 145 | |
| Wages | £6,732,873 | £5,877,258 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 7.9% | 8.0% | |
| Net margin | 6.9% | 3.9% | |
| Return on capital employed | 22.3% | 19.0% | |
| Gearing (liabilities / total assets) | 44.3% | 46.0% | |
| Current ratio | 2.31x | 2.43x | |
| Interest cover | 79.50x | 5872.85x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors recognise that there are inherent limitations in predicting the future course of the current economic environment which leads to uncertainty but, based on the facts and circumstances known at this point in time, they are satisfied that the Company and the Group have the ability to meet their financial obligations as they fall due for the foreseeable future, being at least 12 months from the date of approval of the financial statements, and that it is therefore appropriate to prepare the financial statements on a going concern basis.”
Group structure
- RAPIDROP GLOBAL LIMITED · parent
- Rapidrop, Inc. 100%
- Rapidrop India Private Limited 100%
- Rapidrop Qatar L.L.C. 49%
- Rapidrop Middle East Trading L.L.C. 76%
- Rapidrop International FZE 100%
- Rapidrop Europe Limited 100%
- Flowatch Ltd 100%
- IFI Limited 100%
- Rapidrop UK Limited 100%
Significant events
- “On 7 February 2025, the Company subscribed for 100% of the share capital of Rapidrop Overseas Limited and on 13 March 2025, the Company transferred its shares in Rapidrop Qatar L.L.C., Rapidrop Middle East Trading L.L.C. and Rapidrop International FZE to Rapidrop Overseas Limited in a share for share exchange.”
- “On 27 June 2025, the share capital of the Company was acquired by Rapidrop Holdco Limited in a share for share exchange and on 30 June 2025, the Company declared a dividend in specie to transfer the shares it held in Rapidrop Overseas Limited to Rapidrop Holdco Limited, amounting to £1.5m.”
- “Finally, on 8 July 2025, the share capital of Rapidrop Holdco Limited was acquired by Rapidrop Bidco Limited, itself a subsidiary of Rapidrop Topco Limited. Rapidrop Topco Limited is owned by private shareholders and the BGF Group, which as the largest shareholding owns 40%.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CURRAN, Martyn Alan | Director | 2011-01-04 | Jul 1977 | British |
| GILL, Daniel John | Director | 2024-11-21 | Apr 1980 | British |
| PARK, Rebecca Elisabeth | Director | 2024-11-21 | Oct 1983 | British |
| SHELLEY, Christopher Ray | Director | 2025-09-11 | Jan 1972 | British |
| SMITH, Mark | Director | 2011-01-04 | Sep 1968 | British |
| WHITING, Richard Antony | Director | 2024-10-02 | Feb 1964 | British |
| WILLIMER, Martyn Peter | Director | 2013-07-15 | Mar 1975 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| VERNON, Tracey Jane | Secretary | 2005-10-06 | 2014-06-01 |
| EPS SECRETARIES LIMITED | Corporate Nominee Secretary | 2005-07-08 | 2005-10-06 |
| ELLICOTT, Dominic Lawrence | Director | 2015-07-13 | 2025-12-31 |
| GILL, Daniel Percy James | Director | 2005-10-06 | 2017-05-05 |
| KAUSHIK, Samir | Director | 2011-02-01 | 2015-05-23 |
| PLATER, Keith Stephen | Director | 2011-01-04 | 2025-02-27 |
| VERNON, Tracey Jane | Director | 2007-06-06 | 2017-10-19 |
| MIKJON LIMITED | Corporate Nominee Director | 2005-07-08 | 2005-10-06 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rapidrop Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-06-27 | Active |
| Mrs Rebecca Elisabeth Park | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-10-02 | Ceased 2025-06-27 |
| Mr Daniel John Gill | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2019-10-02 | Ceased 2025-06-27 |
| Mr Daniel Percy James Gill | Individual | Shares 75–100% | 2016-07-08 | Ceased 2019-10-02 |
| Mr Daniel Percy James Gill | Individual | Shares 75–100% | 2016-07-08 | Ceased 2017-05-05 |
Filing timeline
Last 20 of 113 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-02 | AA | accounts | Accounts with accounts type group | |
| 2025-09-12 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-03 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-07-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-07-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-11-11 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type group | |
| 2024-02-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-05 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-0.3%
£49,316,733 £49,164,415
-
Cash
+25.4%
£4,673,260 £5,859,663
-
Net assets
+10.2%
£16,799,449 £18,513,942
-
Employees
0%
145 145
-
Operating profit
+0.3%
£3,904,639 £3,917,192
-
Profit before tax
+2.1%
£3,864,969 £3,944,415
-
Wages
-12.7%
£6,732,873 £5,877,258
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