True Precision Engineering Limited
03215374
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 25/06/1996
PRECISION ENGINEER
BRITISH · UNITED KINGDOM · Age 65
Also on 3 other boards
director · Since 25/06/1996
PRECISION ENGINEER
BRITISH · UNITED KINGDOM · Age 65
Also on 3 other boards
Persons with Significant Control
Mr Colin Musgrove
British · England · Age 67
Ryton Industrial Estate, Blaydon, NE21 4SQ
Notified 06/07/2017
CompanyRankvs 226+ SIC 25620 peers82
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2025
Net Worth
£588k
Balance sheet strength
Cash
£409k
Cash in the bank
Net Current Assets
£429k
Working capital
Current Assets
£716k
Current Liabilities
£287k
Fixed Assets
£277k
Debtors
£294k
Profit After Tax
£148k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.49 | +£0 |
| 2025 | 2.49 | +£41k |
| 2024 | 2.88 | -£262k |
| 2023 | 4.82 | +£82k |
| 2022 | 5.39 | +£9k |
| 2021 | 4.97 | — |
Derived from filed accounts. Not audited figures.