Global Precision Ltd
07056363
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/07/2017
DIRECTOR
BRITISH · UNITED KINGDOM · Age 55
Also on 2 other boards
Persons with Significant Control
Global Precision Holdings Limited
Unit 3, River View, Keighley, BD22 8SB
Reg: 11011031 · England & Wales Company Register · Limited Company
Notified 07/08/2018
Former PSCs
Mr Andrew Sale
Ceased 02/01/2018
Mrs Catherine Ann Sale
Ceased 07/08/2018
Mr Andrew Sale
Ceased 07/08/2018
Charges1 outstanding
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CompanyRankvs 1140+ SIC 82990 peers69
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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
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going conce
Key FinancialsYear ending 31/10/2024
Net Worth
£979k
Balance sheet strength
Cash
£935k
Cash in the bank
Net Current Assets
£972k
Working capital
Current Assets
£1.8M
Current Liabilities
£859k
Fixed Assets
£8k
Debtors
£607k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.13 | -£443k |
| 2023 | 2.69 | -£100k |
| 2022 | 2.46 | +£364k |
| 2021 | 3.79 | +£286k |
| 2020 | 2.17 | -£712k |
| 2019 | 4.30 | +£16k |
| 2018 | 5.69 | — |
Derived from filed accounts. Not audited figures.