Precision Welding Systems Ltd
13511468
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/07/2021
DIRECTOR
BRITISH · ENGLAND · Age 38
Also on 1 other board
Persons with Significant Control
Mr Christopher Iain Norwood
British · England · Age 38
Unit 11, Sandstone Court, Nottingham, NG6 8NN
Notified 14/07/2021
CompanyRankvs 1325+ SIC 46140 peers62
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/07/2025
Net Worth
£49k
Balance sheet strength
Cash
£49k
Cash in the bank
Net Current Assets
£44k
Working capital
Current Assets
£78k
Current Liabilities
£34k
Fixed Assets
£5k
Debtors
£29k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.30 | -£12k |
| 2024 | 1.96 | — |
| 2023 | 0.81 | — |
| 2022 | 0.95 | — |
Derived from filed accounts. Not audited figures.