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Paramount Precision Engineering Limited

02663542

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

42 WELLINGTON CRESCENT, NEW MALDEN, KT3 3NE
Incorporated 18/11/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery

Officers

Christopher Bowman

director · Since 16/12/1991

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 74

Also on 1 other board

Pamella Bowman

director · Since 16/12/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 3 other boards

Pamella Bowman

secretary · Since 31/03/1999

BRITISH · ENGLAND · Age 70

Also on 3 other boards

Mr Christopher James Bowman

director · Since 12/02/2025

PRODUCTION MANAGER

BRITISH · ENGLAND · Age 34

Persons with Significant Control

Pamella Bowman

50–75% shares

British · England · Age 70

42, Wellington Crescent, New Malden, KT3 3NE

Notified 01/06/2016

Christopher Bowman

50–75% shares

British · United Kingdom · Age 74

42, Wellington Crescent, New Malden, KT3 3NE

Notified 01/06/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 23/03/2006Registered 25/03/2006
charge
satisfied

MIDLAND BANK PLC

Created 18/11/1993Registered 24/11/1993Satisfied 17/02/2005
charge
satisfied

MIDLAND BANK PLC

Created 28/04/1992Registered 07/05/1992Satisfied 17/02/2005
charge
satisfied

STANLEY FRANCE LIMITED · PARAMOUNT PRECISION ENGINEERING LIMITED

Created 14/01/1992Registered 31/01/1992Satisfied 18/01/1995
charge
satisfied

MIDLAND BANK PLC

Created 14/01/1992Registered 21/01/1992Satisfied 17/02/2005
charge
satisfied

MIDLAND BANK PLC

Created 14/01/1992Registered 21/01/1992Satisfied 17/02/2005

CompanyRankvs 205+ SIC 28990 peers
73

Financial strength80th percentile among SIC peers · 20/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.72× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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205Paramount Precision Engineering Limited
83
How is this score calculated?
Financial strength20/25 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£714k

Balance sheet strength

Cash

£403k

Cash in the bank

Net Current Assets

£636k

Working capital

Current Assets

£1.0M

Current Liabilities

£371k

Fixed Assets

£110k

Debtors

£540k

21avg. employees

Balance Sheet

Assets less current liabilities£746k
Prepared with Capium Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.72+£46k
20232.79+£189k
20222.28+£116k
20212.72—

Derived from filed accounts. Not audited figures.