PRECISION PRODUCTS (UK) LIMITED Financials
- Company number
- 02928395CopyCopy
- Registered office
- Unit 1 Cobnar Wood Close, Chesterfield Trading Estate, Chesterfield, Derbyshire S41 9RQ
- Incorporated
- 12/05/1994
Company snapshot
- Status
- Active
- Employees
- 53 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-49.32%vs 20232023: £2.09M
Total Assets
-5.09%vs 20232023: £8.23M
Cash in Bank
-51.98%vs 20232023: £2.32K
Total Liabilities
9.95%vs 20232023: £6.14M
Employees
-17vs 20232023: 70
In 2024, PRECISION PRODUCTS (UK) LIMITED reported net assets of £1.06M. The same filing shows total assets of £7.81M, cash in bank of £1.11K and total liabilities of £6.75M. Reported headcount was 53 in 2024. Net Assets fell from £2.09M in 2023 to £1.06M in 2024 (-49.32%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-49.32%from £2.09M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures PRECISION PRODUCTS (UK) LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-74.2%vs 2022-49.2% a year compound (CAGR)
Cash in Bank
-26.3%vs 2022-14.1% a year compound (CAGR)
Total Assets
-32.7%vs 2022-18% a year compound (CAGR)
Total Liabilities
-10%vs 2022-5.2% a year compound (CAGR)
Employees
-47.5%vs 2022-48Biggest decrease
Net Assets-74.2%
£4.10M in 2022 to £1.06M in 2024
Every indicator Okredo holds for PRECISION PRODUCTS (UK) LIMITED fell between 2022 and 2024. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PRECISION PRODUCTS (UK) LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 13.55%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 86.45%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 0.02%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 0.01%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for PRECISION PRODUCTS (UK) LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 5.13M | 4.10M | 2.09M | 1.06M |
| Total Assets£ | 10.19M | 11.61M | 8.23M | 7.81M |
| Cash in Bank£ | 3.23K | 1.51K | 2.32K | 1.11K |
| Total Liabilities£ | 5.07M | 7.51M | 6.14M | 6.75M |
| Employees | 84 | 101 | 70 | 53 |
PRECISION PRODUCTS (UK) LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PRECISION PRODUCTS (UK) LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
PRECISION PRODUCTS (UK) LIMITED reported net assets of £1.06M for 2024. That compares with £2.09M in 2023, a change of -49.32%.
PRECISION PRODUCTS (UK) LIMITED reported total assets of £7.81M for 2024. That compares with £8.23M in 2023, a change of -5.09%.
PRECISION PRODUCTS (UK) LIMITED reported cash in bank of £1.11K for 2024. That compares with £2.32K in 2023, a change of -51.98%.
PRECISION PRODUCTS (UK) LIMITED reported 53 employees in 2024, compared with 70 in 2023.
Between 2022 and 2024, PRECISION PRODUCTS (UK) LIMITED's net assets fell by 74.2%, cash in bank fell by 26.3%, total assets fell by 32.7% and total liabilities fell by 10%. Net assets contracted at 49.2% a year across the two years to 2024, from £4.10M to £1.06M. Reported headcount went from 101 in 2022 to 53 in 2024 (-48).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.