TRUE PRECISION ENGINEERING LIMITED Financials
- Company number
- 03215374CopyCopy
- Industry
- Machining (25.62 - SIC 2007)
- Registered office
- Ryton Industrial Estate, Newburn Bridge Road, Blaydon, Tyne And Wear NE21 4SQ
- Incorporated
- 24/06/1996
Company snapshot
- Status
- Active
- Employees
- 17 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
- Industry
- Machining (25.62 - SIC 2007)
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
7.50%vs 20242024: £547.24K
Total Assets
15.33%vs 20242024: £860.82K
Cash in Bank
-8.93%vs 20242024: £449.47K
Total Liabilities
28.99%vs 20242024: £313.58K
Employees
+1vs 20242024: 16
In 2025, TRUE PRECISION ENGINEERING LIMITED reported net assets of £588.27K. The same filing shows total assets of £992.75K, cash in bank of £409.32K and total liabilities of £404.49K. Reported headcount was 17 in 2025. Total Assets rose from £860.82K in 2024 to £992.75K in 2025 (15.33%). Okredo holds filed figures for 2021–2025; 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
7.50%from £547.24K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures TRUE PRECISION ENGINEERING LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-27.3%vs 2023-14.7% a year compound (CAGR)
Cash in Bank
-24.9%vs 2023-13.3% a year compound (CAGR)
Total Assets
-7.9%vs 2023-4% a year compound (CAGR)
Total Liabilities
+50.5%vs 2023+22.7% a year compound (CAGR)
Employees
+6.3%vs 2023+1Biggest increase
Total Liabilities+50.5%
£268.73K in 2023 to £404.49K in 2025
Biggest decrease
Net Assets-27.3%
£809.30K in 2023 to £588.27K in 2025
TRUE PRECISION ENGINEERING LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from TRUE 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
- 59.26%2025
- 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
- 40.74%2025
- 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
- 101.20%2025
- 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
- 41.23%2025
- 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 TRUE PRECISION ENGINEERING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 718.04K | 727.10K | 809.30K | 547.24K | 588.27K |
| Total Assets£ | 896.01K | 892.05K | 1.08M | 860.82K | 992.75K |
| Cash in Bank£ | 572.95K | 476.89K | 544.97K | 449.47K | 409.32K |
| Total Liabilities£ | 177.98K | 164.95K | 268.73K | 313.58K | 404.49K |
| Employees | 17 | 17 | 16 | 16 | 17 |
TRUE PRECISION ENGINEERING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for TRUE PRECISION ENGINEERING LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
TRUE PRECISION ENGINEERING LIMITED reported net assets of £588.27K for 2025. That compares with £547.24K in 2024, a change of 7.50%.
TRUE PRECISION ENGINEERING LIMITED reported total assets of £992.75K for 2025. That compares with £860.82K in 2024, a change of 15.33%.
TRUE PRECISION ENGINEERING LIMITED reported cash in bank of £409.32K for 2025. That compares with £449.47K in 2024, a change of -8.93%.
TRUE PRECISION ENGINEERING LIMITED reported 17 employees in 2025, compared with 16 in 2024.
Between 2023 and 2025, TRUE PRECISION ENGINEERING LIMITED's net assets fell by 27.3%, cash in bank fell by 24.9%, total assets fell by 7.9% and total liabilities rose by 50.5%. Net assets contracted at 14.7% a year across the two years to 2025, from £809.30K to £588.27K. Reported headcount went from 16 in 2023 to 17 in 2025 (+1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.