Precision Aerospace Component Engineering Limited
02164508
Some Concerns
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Previously known as
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 18/12/2025
Due 01/01/2027
Industry
Officers
Former
secretary · Resigned 23/10/1997
director · Resigned 24/06/2006
director · Resigned 04/02/2013
director · Resigned 31/03/2016
Persons with Significant Control
Mr Ian Vincent Binns
British · United Kingdom · Age 57
13, Parker Road, Colchester, CO4 5BE
Notified 06/04/2016
Mr Richard James Mullan
British · United Kingdom · Age 72
55, Windermere Drive, Braintree, CM77 7UB
Notified 06/04/2016
Mr John Green
British · England · Age 78
Blackwell Drive, Braintree, CM7 2QJ
Notified 06/04/2016
Ms Jean Platt
British · England · Age 95
Blackwell Drive, Braintree, CM7 2QJ
Notified 06/04/2016
Charges2 outstanding
LLOYDS TSB COMMERCIAL FINANCE LIMITED
LLOYDS BANK PLC
BARCLAYS BANK PLC
MIDLAND BANK PLC
Change History
Active
Private Limited Company
BLACKWELL DRIVE
BRAINTREE
CompanyRankvs 18+ SIC 30990 peers68
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. 1.3 Turnover Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other
Key FinancialsYear ending 31/03/2025
Net Worth
£2.6M
Balance sheet strength
Cash
£17k
Cash in the bank
Net Current Assets
£2.3M
Working capital
Current Assets
£3.7M
Current Liabilities
£1.4M
Fixed Assets
£1.1M
Debtors
£2.5M
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.59 | +£503k |
| 2024 | 2.36 | +£60k |
| 2023 | 2.95 | +£165k |
| 2022 | 2.82 | +£28k |
| 2021 | 4.02 | -£1.1M |
| 2020 | 43.81 | +£92k |
| 2019 | 2.28 | — |
Derived from filed accounts. Not audited figures.