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Precision 2000 Limited

03490963

active
ltd
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

Unit N290 Kingsway South, Team Valley Trading Estate, Gateshead, NE11 0SH
Incorporated 12/01/1998

Previously known as

Barnfame Limited · until 11/02/1998

Compliance

Last accounts

31/05/2025

small

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 03/01/2026

Due 17/01/2027

On track

Industry

25620
Machining

Officers

Andrew Robert Pearson

director · Since 18/05/2010

British · England · Age 53

Former

Brighton Director Limited

corporate nominee director · Resigned 11/02/1998

Brighton Secretary Limited

corporate nominee secretary · Resigned 11/02/1998

Malcolm Robson

secretary · Resigned 30/11/1998

Malcolm Robson

director · Resigned 30/11/1998

Stanley Burgess

director · Resigned 29/04/1999

Arthur James Peter Borrell

secretary · Resigned 29/09/1999

Stanley Burgess

secretary · Resigned 01/05/2002

Raymond Scarr

director · Resigned 18/05/2010

Stanley Burgess

director · Resigned 18/05/2010

Carole Scarr

secretary · Resigned 18/05/2010

Richard Pearson

director · Resigned 16/10/2020

Gary Burgess

director · Resigned 31/08/2021

Richard Pearson

director · Resigned 01/05/2023

Gary White

director · Resigned 05/06/2025

Persons with Significant Control

Clifton Holdings (North East) Limited

75–100% shares
75–100% votes

Coopies Haugh, Coopies Lane Industrial Estate, Morpeth, NE61 6JN

Reg: 09136391 · England Wales Registry · Private Company Limited By Shares

Notified 17/05/2016

Former PSCs

Mr Andrew Robert Pearson

Ceased 17/05/2016

Charges0 outstanding

charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 25/02/2004Registered 02/03/2004Satisfied 19/07/2010
charge
satisfied

LLOYDS TSB BANK PLC

Created 11/02/2002Registered 13/02/2002Satisfied 07/03/2019
charge
satisfied

LLOYDS TSB BANK PLC

Created 29/10/2001Registered 31/10/2001Satisfied 07/03/2019
charge
satisfied

LLOYDS BANK PLC

Created 20/03/1998Registered 28/03/1998Satisfied 23/07/2011

Change History

statusactive
2026-06-09

Active

typeltd
2026-06-09

Private Limited Company

address line1Unit N290 Kingsway South
2026-06-09

UNIT N290 KINGSWAY SOUTH

post townGateshead
2026-06-09

GATESHEAD

officer appointedPEARSON, Andrew Robert
2026-06-09

CompanyRankvs 573+ SIC 25620 peers
74

Financial strength92th percentile among SIC peers · 23/25
Employees7th percentile among SIC peers · 1/15
LiquidityCurrent ratio 2.51× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Employees1/15 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.

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

Key FinancialsYear ending 31/05/2025

Net Worth

£2.1M

Balance sheet strength

Cash

£912k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£2.2M

Current Liabilities

£875k

Fixed Assets

£1.2M

Debtors

£1.1M

0avg. employees

Tax at Year End

Corp tax£70k

Balance Sheet

Intangible assets£0
Assets less current liabilities£2.5M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20252.51+£0
20252.51+£23k
20242.26

Derived from filed accounts. Not audited figures.