Ion Precision Limited
03650955
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Previously known as
Compliance
Last accounts
31/10/2025
total exemption full
Next accounts due
31/07/2027
Confirmation statement
Last: 16/10/2025
Due 30/10/2026
Industry
Officers
director · Since 16/10/1998
EXECUTIVE DIRECTOR
BRITISH · UNITED KINGDOM · Age 64
Also on 3 other boards
secretary · Since 01/11/2013
Former
corporate nominee director · Resigned 16/10/1998
corporate nominee secretary · Resigned 16/10/1998
director · Resigned 01/11/2013
secretary · Resigned 01/11/2013
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
HSBC UK BANK PLC
HSBC ASSET FINANCE (UK) LTD · HSBC EQUIPMENT FINANCE (UK) LTD
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LTD
GRIFFIN CREDIT SERVICES LIMITED
MIDLAND BANK PLC
Change History
Active
Private Limited Company
9 HURWORTH ROAD
NEWTON AYCLIFFE
CompanyRankvs 1608+ SIC 28990 peers30
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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
policies 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 31/10/2025
Net Worth
-£90k
Balance sheet strength
Cash
£643
Cash in the bank
Net Current Assets
-£138k
Working capital
Current Assets
£610k
Current Liabilities
£748k
Fixed Assets
£72k
Debtors
£448k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.82 | -£44k |
| 2024 | 0.83 | -£67k |
| 2023 | 0.96 | — |
Derived from filed accounts. Not audited figures.