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World Precision Instruments Limited

02398977

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

1 HUNTING GATE, HITCHIN, SG4 0TJ
Incorporated 27/06/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32500
Manufacture of medical and dental instruments and supplies

Officers

Mr. Andrew Timothy Waldes

secretary · Since 23/05/2019

Also on 1 other board

Mr. Andrew Timothy Waldes

director · Since 23/05/2019

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 1 other board

Mr Mark Rutledge

director · Since 29/09/2023

CHIEF EXECUTIVE

AMERICAN · UNITED STATES · Age 54

Charges1 outstanding

charge
outstanding

LLOYDS TSB BANK PLC

Created 20/05/2011Registered 21/05/2011

CompanyRankvs 70+ SIC 32500 peers
66

Financial strength90th percentile among SIC peers · 23/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.93× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees13/15 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

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

Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts. 1.3 Foreign currency translation Functional and presentation currency The Company's functional and presentational currency is GBP. Numb

Key FinancialsYear ending 31/12/2025

Net Worth

£891k

Balance sheet strength

Cash

£528k

Cash in the bank

Net Current Assets

£704k

Working capital

Current Assets

£1.1M

Current Liabilities

£365k

Fixed Assets

£186k

Debtors

£205k

9avg. employees

Tax at Year End

Corp tax£84k

Balance Sheet

Bank loans & overdrafts£4k
Assets less current liabilities£891k
Prepared with Caseware UK (AP4) 2025.0.111

EstimatesDerived

YearCurrent RatioImplied Profit
20252.93+£0
20252.93-£148k
20243.46-£101k
20233.90—

Derived from filed accounts. Not audited figures.