Precision Components Limited
06291131
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-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
director · Since 29/07/2022
DIRECTOR
BRITISH · ENGLAND · Age 55
Also on 3 other boards
Persons with Significant Control
Precision Technologies Group (Ptg) Ltd
Holroyd, Harbour Lane North, Rochdale, OL16 3LQ
Reg: 07724976 · Uk · Private Limited Company
Notified 01/01/2019
Charges1 outstanding
HSBC BANK PLC
LANDSBANKI COMMERCIAL FINANCE
CompanyRankvs 4499+ 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 £83k for the year ended 2024 and, as of that date, the company was in a net c
Key FinancialsYear ending 31/12/2024
Turnover
£4.4M
Annual revenue
Net Worth
-£2.6M
Balance sheet strength
Cash
£4.4M
Cash in the bank
Profit Before Tax
-£22k
Bottom line earnings
Net Current Assets
-£3.9M
Working capital
Current Assets
£7.3M
Current Liabilities
£11.2M
Debtors
£2.3M
Cost of Sales
£2.6M
Gross Profit
£1.8M
Admin Expenses
£1.9M
Operating Profit
-£13k
Profit After Tax
-£83k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.65 | -£83k |
| 2023 | 0.62 | -£744k |
| 2022 | 0.59 | -£1.7M |
| 2021 | 0.75 | — |
Derived from filed accounts. Not audited figures.