Cambridge Precision Limited

Cambridge Precision Ltd, based in St Neots, UK, is a well-established precision engineering company with a 33-year history. The firm, active and boasting 83 employees, holds £4,877,831 in assets and generates £11,330,247 in yearly revenue. It’s a sizable operation, meeting two of three criteria to be considered "large" – turnover exceeding £36 million and balance sheet total exceeding £18 million. The company has four directors and two owners, and maintains a respectable 4.0 Google rating from five reviews. Regular imports of base metals and cermets (61 months) and exports of electrical machinery and equipment (88 months) highlight its international trade.

Cambridge Precision operates as a full-service precision engineering provider, offering capabilities from 5-axis machining to assembly and laser marking. The company’s website details a focus on vital technologies sectors like medtech, imaging, and aerospace, serving clients who expect the best without compromise. They boast an extensive range of state-of-the-art manufacturing equipment and a dedicated NPI facility for rapid prototyping and small-batch production.

Financially, Cambridge Precision Ltd presents a mixed picture. While turnover remains steady, net assets declined by 14% to £4,000,000, and bank borrowings increased by 30% to £79,000. Cash and cash equivalents decreased by 46% to £660,000, indicating potential liquidity challenges. However, creditors also decreased by 8%, suggesting improved debt management. The company’s average number of employees increased by 11% to 92, which could be a sign of growth or increased workload. The accounts were audited by Peters Elworthy & Moore.

The company’s continued focus on high-value sectors and investment in advanced machinery suggest a commitment to long-term growth. However, the decrease in cash reserves and increase in bank borrowings warrant close monitoring. It’s likely the company is investing in new equipment or expanding its operations, which could explain the short-term financial pressures.

Registered in England/Wales under the registration number 02669259, with a registered address at PE19 6YH, St Neots, Cambridgeshire, Alington Road, Eynesbury.

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