Automotive Precision Engineering Limited

Automotive Precision Engineering Ltd from Coventry UK: a small, active company founded five years ago, employs ten people, and holds £458,624 in assets. With two directors and a single owner, the company operates from a real address and is an irregular importer of iron or steel products (two months imported) but a regular exporter (five months exported).

The company’s website highlights its precision engineering services, operating since 1985. It's a privately owned business that prides itself on long-term client relationships, offering a range of services including design, CNC milling, EDM, and jig manufacturing. The site also showcases investments in new machinery, including a HAAS VF9 DPE and additional Mitutoyo CMMs—a sign of ongoing expansion. The company’s website also lists a physical address in Newton Aycliffe, County Durham.

Financially, Automotive Precision Engineering Ltd shows a mixed picture. Current assets increased by 56% to £460,000, while net assets rose 95% to £86,000. Bank borrowings decreased by 17%, to £27,000, and cash reserves decreased by 12%, to £7,900. Creditors increased by 58%, to £440,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors suggests a need to manage cash flow more carefully. The company’s average number of employees increased by 30%, to thirteen—a positive sign of growth. With no auditor mentioned, the figures are unaudited.

Overall, Automotive Precision Engineering Ltd seems to be growing, investing in its capabilities, but also facing some financial pressures. The company’s long-standing presence and focus on precision engineering suggest a solid foundation, but managing cash flow will be crucial for continued success.

Registered in England/Wales under the registration number 12143071, with a registered address at CV7 9EJ, United Kingdom, Coventry, Unit 2 24 Bayton Road, Exhall.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.