Faringdon Precision Engineering Ltd
05633701
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/01/2023
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 1 other board
Persons with Significant Control
Mrs Emma Evans
British · England · Age 52
29, Devizes Road, Swindon, SN1 4BG
Notified 06/04/2016
Mr Gary Evans
British · England · Age 58
29, Devizes Road, Swindon, SN1 4BG
Notified 06/04/2016
Former PSCs
Mr Trevor Timpson
Ceased 27/03/2020
Charges1 outstanding
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CompanyRankvs 6974+ SIC 32990 peers49
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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 31/01/2025
Net Worth
£2k
Balance sheet strength
Cash
£11k
Cash in the bank
Net Current Assets
-£222k
Working capital
Current Assets
£539k
Current Liabilities
£761k
Fixed Assets
£742k
Debtors
£386k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.71 | -£37k |
| 2024 | 0.87 | -£38k |
| 2023 | 0.96 | -£32k |
| 2022 | 0.79 | +£36k |
| 2021 | 0.83 | — |
Derived from filed accounts. Not audited figures.