Hi-spec Precision Engineering Limited

Hi Spec Precision Engineering Ltd, based in Stamford, UK, is a small, active company founded 13 years ago. Employing 12 people, it holds £709,182 in assets and operates from a real address. With two directors and two owners—Grainger Gayle Louise and Grainger Darren Alec—it’s a family-run business boasting a stellar 5.0 Google rating from two reviews. The company irregularly imports iron or steel products, with its last import activity recorded one month ago in June 2022.

The company’s website highlights its engineering services, specializing in bespoke machined components and assemblies. Since 2004, Hi Spec Precision Engineering has been working with clients on innovative projects, striving for technological advancement and automation. They offer CNC machining, manual machining, fabrication and welding, and inspection quality services, alongside finishing processes. The website even showcases a gallery of their work, demonstrating their capabilities.

Financially, Hi Spec Precision Engineering Ltd presents a mixed picture. Current assets have decreased by 11% to £710,000, while net assets have fallen 4.4% to £630,000. Bank borrowings have increased by 36%, reaching £170,000, and cash reserves have dropped 26% to £300,000. Creditors have significantly decreased by 41%, which could be a positive sign of better debt management. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible. As a small company, it is exempt from an audit, and the financial statements are unaudited.

While the company appears to be a reputable engineering firm with a strong online presence, the decline in cash reserves and increase in borrowings suggest it’s facing financial pressures. Whether it can continue to thrive in a competitive market remains to be seen, but its commitment to quality and automation positions it well for the future.

Registered in England/Wales under the registration number 07865757, with a registered address at PE9 1HG, England, Stamford, Lincolnshire, 21 Fane Close.

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