Precision Components Limited
06291131
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 03/07/2025
Due 17/07/2026
Industry
Officers
secretary · Since 20/06/2013
Former
director · Resigned 13/11/2009
secretary · Resigned 15/06/2010
director · Resigned 15/06/2010
director · Resigned 15/06/2010
secretary · Resigned 31/10/2012
director · Resigned 20/06/2013
director · Resigned 20/06/2013
director · Resigned 29/07/2015
director · Resigned 15/07/2016
director · Resigned 06/03/2017
director · Resigned 06/03/2017
director · Resigned 16/08/2018
director · Resigned 11/10/2019
director · Resigned 27/09/2020
director · Resigned 29/07/2022
Persons with Significant Control
Precision Technologies Group (Ptg) Ltd
Reg: 07724976 · Uk · Private Limited Company
Notified 01/01/2019
Charges1 outstanding
HSBC BANK PLC
Change History
Active
Private Limited Company
HOLROYD HARBOUR LANE NORTH
ROCHDALE
CompanyRankvs 4517+ SIC 25990 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
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material Uncertainty Relating to Going Concern We draw attention to Note 2 in the financial statements, which indicates that the company incurred a loss of £48k for the year ended 2025 and, as of that date, the company was in a net current lia
Key FinancialsYear ending 31/12/2025
Turnover
£5.0M
Annual revenue
Net Worth
-£2.6M
Balance sheet strength
Cash
£7.3M
Cash in the bank
Profit Before Tax
-£49k
Bottom line earnings
Net Current Assets
-£3.6M
Working capital
Current Assets
£10.8M
Current Liabilities
£14.4M
Debtors
£3.1M
Cost of Sales
£3.0M
Gross Profit
£1.9M
Admin Expenses
£2.0M
Operating Profit
-£56k
Profit After Tax
-£48k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.75 | -£48k |
| 2024 | 0.65 | -£83k |
| 2023 | 0.62 | — |
Derived from filed accounts. Not audited figures.