TOWER PRECISION ENGINEERING LIMITED Financials
- Company number
- 05080692CopyCopy
- Registered office
- 8c Old Bridge Way, Shefford, Bedfordshire SG17 5HQ
- Incorporated
- 22/03/2004
Company snapshot
- Status
- Active
- Employees
- 6 (2023)
- Latest financial data
- 2023
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-72.25%vs 20222022: £43.93K
Total Assets
-4.60%vs 20222022: £98.84K
Total Liabilities
479.49%vs 20222022: £-9.00K
Employees
-1vs 20222022: 7
In 2023, TOWER PRECISION ENGINEERING LIMITED reported net assets of £12.19K. The same filing shows total assets of £94.29K and total liabilities of £34.17K. Reported headcount was 6 in 2023. Total Liabilities rose from £-9.00K in 2022 to £34.17K in 2023 (479.49%). Okredo holds filed figures for 2021–2023; 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
-72.25%from £43.93K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures TOWER PRECISION ENGINEERING LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-86.9%vs 2021-63.8% a year compound (CAGR)
Total Assets
-70%vs 2021-45.2% a year compound (CAGR)
Total Liabilities
-84.6%vs 2021-60.7% a year compound (CAGR)
Employees
-14.3%vs 2021-1Biggest decrease
Net Assets-86.9%
£92.88K in 2021 to £12.19K in 2023
Every indicator Okredo holds for TOWER PRECISION ENGINEERING LIMITED fell between 2021 and 2023. The steepest fall came in net assets, pointing to a weakening balance sheet, with total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from TOWER PRECISION ENGINEERING 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
- 12.93%2023
- 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
- 36.24%2023
- 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.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for TOWER PRECISION ENGINEERING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 92.88K | 43.93K | 12.19K |
| Total Assets£ | 314.15K | 98.84K | 94.29K |
| Cash in Bank£ | – | – | – |
| Total Liabilities£ | 221.27K | -9.00K | 34.17K |
| Employees | 7 | 7 | 6 |
TOWER PRECISION ENGINEERING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for TOWER PRECISION ENGINEERING LIMITED covering 2021–2023, across 4 reported indicators. The most recent reported year is 2023.
TOWER PRECISION ENGINEERING LIMITED reported net assets of £12.19K for 2023. That compares with £43.93K in 2022, a change of -72.25%.
TOWER PRECISION ENGINEERING LIMITED reported total assets of £94.29K for 2023. That compares with £98.84K in 2022, a change of -4.60%.
TOWER PRECISION ENGINEERING LIMITED reported total liabilities of £34.17K for 2023. That compares with £-9.00K in 2022, a change of 479.49%.
TOWER PRECISION ENGINEERING LIMITED reported 6 employees in 2023, compared with 7 in 2022.
Between 2021 and 2023, TOWER PRECISION ENGINEERING LIMITED's net assets fell by 86.9%, total assets fell by 70%, total liabilities fell by 84.6% and employee numbers fell by 14.3%. Net assets contracted at 63.8% a year across the two years to 2023, from £92.88K to £12.19K. Reported headcount went from 7 in 2021 to 6 in 2023 (-1).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.