Paterson Precision Engineering Limited
05353943
Some Concerns
- Negative net worth (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Balbir Singh Randhawa
British · England · Age 74
Building 18, Gateway 1000, Whittle Way, Stevenage, SG1 2FP
Notified 06/04/2016
Charges1 outstanding
BARCLAYS BANK PLC
CompanyRankvs 1658+ SIC 25620 peers39
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
-£265
Balance sheet strength
Cash
£13k
Cash in the bank
Net Current Assets
£9k
Working capital
Current Assets
£24k
Current Liabilities
£14k
Debtors
£11k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.65 | — |
| 2024 | 1.81 | — |
| 2023 | 2.64 | — |
| 2022 | 1.73 | -£27k |
| 2021 | 0.66 | — |
Derived from filed accounts. Not audited figures.