Milltech Precision Engineering Limited
03731819
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 06/11/2025
Due 20/11/2026
Industry
Officers
director · Since 18/03/2015
CHAIRMAN OF THE BOARD
BRITISH · ENGLAND · Age 58
Also on 1 other board
secretary · Since 01/08/2016
director · Since 06/05/2021
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 2 other boards
director · Since 06/05/2021
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 5 other boards
Persons with Significant Control
Indutrade Uk Ltd
Ellard House, Floats Road, Manchester, M23 9WB
Reg: 09287563 · England And Wales · Private Ltd
Notified 06/04/2016
Charges0 outstanding
HSBC BANK PLC
HSBC ASSET FINANCE (UK) LTD · HSBC EQUIPMENT FINANCE (UK) LTD
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")
HSBC BANK PLC
HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED
HSBC BANK PLC
HSBC INVOICE FINANCE (UK) LIMITED (AS SECURITY HOLDER)
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 4389+ SIC 32990 peers58
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the wider Indutrade group. As such there is no material uncertainty that the company has the ability to meet their financial obligations as they fall due. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Turnover Turnover is recognised at the fair value of the consideration received or receivable for goods and services provid
Key FinancialsYear ending 31/12/2024
Net Worth
£1.9M
Balance sheet strength
Cash
£754
Cash in the bank
Net Current Assets
£180k
Working capital
Current Assets
£1.9M
Current Liabilities
£1.8M
Fixed Assets
£1.9M
Debtors
£1.5M
Tax at Year End(2023)
People Costs(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.10 | +£21k |
| 2023 | 1.02 | +£524k |
| 2022 | 0.89 | +£341k |
| 2021 | 0.70 | -£282k |
| 2020 | 0.79 | -£482k |
| 2019 | 0.67 | — |
Derived from filed accounts. Not audited figures.