Ion Precision Limited
03650955
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 16/10/1998
EXECUTIVE DIRECTOR
BRITISH · UNITED KINGDOM · Age 64
Also on 3 other boards
Persons with Significant Control
Mr Stephen Metcalfe
British · United Kingdom · Age 64
9 Hurworth Road, Newton Aycliffe, DL5 6UD
Notified 06/04/2016
Charges6 outstanding
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CompanyRankvs 1572+ SIC 28990 peers31
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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
adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. Going concern The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on
Key FinancialsYear ending 31/10/2024
Net Worth
-£46k
Balance sheet strength
Cash
£55
Cash in the bank
Net Current Assets
-£89k
Working capital
Current Assets
£448k
Current Liabilities
£537k
Fixed Assets
£102k
Debtors
£292k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.83 | -£67k |
| 2023 | 0.96 | -£64k |
| 2022 | 1.07 | +£3k |
| 2021 | 0.97 | — |
Derived from filed accounts. Not audited figures.