Global Precision Ltd

Global Precision Ltd, based in Keighley, UK, is a small, holding company with an active status, having been founded fifteen years ago in 2009. The company employs fifteen people and holds assets of £2,216,378. With two directors and one owner, it operates from a real address and regularly imports iron or steel products—twenty-eight months of imports have been recorded, with the last operation occurring in March 2025.

The company’s website showcases Global Precision Group as a manufacturing partner, emphasizing transparency, flexibility, and collaboration. They offer services from frontend engineering to contract manufacturing of complete end products, catering to clients seeking to realise their vision. The site highlights rapid tooling solutions, including hot RIM tooling, mouldings, and assembly, and even features projects for automotive clients. A key aspect of their approach involves combining offshore and domestic operations to provide efficient global manufacturing routes. The company has facilities in China and the UK, with a UK headquarters in Haworth and a Chinese factory in Dongguan.

Financially, Global Precision Ltd shows a mixed picture. Cash bank holdings have fallen by a significant 52%, dropping to £730,000, while current assets have also declined by 13%, reaching £2,200,000. However, trade debtors have increased slightly, by 2.5%, to £930,000. Creditors have seen a more substantial decrease, falling by 26% to £640,000, suggesting improved debt management. The company’s net assets have also decreased, by 6.6%, to £1,400,000. The increase in finance lease liabilities, by 140%, to £21,000, is worth noting. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in cash reserves and net assets raises questions. No auditor is mentioned, likely due to the company's small size and exemption from audit. The company’s increased reliance on bank borrowings, however, could be a cause for concern.

Registered in England/Wales under the registration number 07056363, with a registered address at BD22 8SB, England, Keighley, Unit 3 River View, Haworth.

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