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Precision Aerospace Component Engineering Limited

02164508

active
ltd
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

Blackwell Drive, Springwood Ind Est, Braintree, CM7 2QJ
Incorporated 15/09/1987

Previously known as

Precision Aerospace Fasteners Limited · until 13/04/1999
Pelham Manufacturing Limited · until 29/01/1988

Compliance

Last accounts

31/03/2026

total exemption full

Next accounts due

31/12/2027

On track

Confirmation statement

Last: 18/12/2025

Due 01/01/2027

On track

Industry

30990
Manufacture of other transport equipment

Officers

Richard James Mullan

director

British · United Kingdom · Age 72

Richard James Mullan

secretary · Since 23/10/1997

British

Ian Vincent Binns

director · Since 01/04/2012

British · United Kingdom · Age 57

Former

John Green

director · Resigned 31/03/2016

Persons with Significant Control

Ms Jean Platt

25–50% shares

British · England · Age 95

Blackwell Drive, Braintree, CM7 2QJ

Notified 06/04/2016

Mr Ian Vincent Binns

Significant control

British · United Kingdom · Age 57

13, Parker Road, Colchester, CO4 5BE

Notified 06/04/2016

Mr Richard James Mullan

Significant control

British · United Kingdom · Age 72

55, Windermere Drive, Braintree, CM77 7UB

Notified 06/04/2016

Mr John Green

25–50% shares

British · England · Age 79

Blackwell Drive, Braintree, CM7 2QJ

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 05/04/2007Registered 11/04/2007
charge
outstanding

LLOYDS BANK PLC

Created 03/07/1995Registered 06/07/1995

Change History

status → active
2026-06-09

Active

type → ltd
2026-06-09

Private Limited Company

address line1 → Blackwell Drive
2026-06-09

BLACKWELL DRIVE

post town → Braintree
2026-06-09

BRAINTREE

CompanyRankvs 15+ SIC 30990 peers
79

Financial strength96th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.91× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2026

Net Worth

£3.4M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£2.9M

Working capital

Current Assets

£4.5M

Current Liabilities

£1.5M

Fixed Assets

£1.6M

Debtors

£2.1M

50avg. employees

Tax at Year End(2023)

Corp tax£0

Balance Sheet

Assets less current liabilities£4.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20262.91+£812k
20252.59+£503k
20242.36+£60k
20232.95—

Derived from filed accounts. Not audited figures.