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Nimag Precision Engineering Limited

01707583

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

BANK STREET, WEST MIDLANDS, WV10 9DU
Incorporated 18/03/1983

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mrs Bonita Maginness

director · Since 13/07/1991

CLERK

BRITISH · ENGLAND · Age 80

Gerard Maginness

director · Since 13/07/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 81

Also on 3 other boards

Gerard Maginness

secretary · Since 31/03/1996

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 81

Also on 3 other boards

Mr Kevin Maginness

director · Since 01/03/2012

MANAGER

BRITISH · ENGLAND · Age 53

Mrs Susan Whitehouse

director · Since 01/03/2012

ACCOUNTS MANAGER

BRITISH · ENGLAND · Age 56

Persons with Significant Control

Mrs Bonita Maginness

50–75% shares
50–75% votes
Appoint directors

British · England · Age 80

Bank Street, West Midlands, WV10 9DU

Notified 06/04/2016

CompanyRankvs 933+ SIC 32990 peers
84

Financial strength89th percentile among SIC peers · 22/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 9.11× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£892k

Balance sheet strength

Cash

£688k

Cash in the bank

Net Current Assets

£767k

Working capital

Current Assets

£861k

Current Liabilities

£95k

Fixed Assets

£142k

Debtors

£143k

9avg. employees

Tax at Year End

Corp tax£25k

Balance Sheet

Assets less current liabilities£909k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20259.11-£35
20248.06-£8k
202310.34+£66k
20227.83+£29k
202110.12+£12k
202010.59+£38k
20199.46+£62k
20188.34

Derived from filed accounts. Not audited figures.