I.m.o. Precision Controls Limited

Imo Precision Controls Ltd from Hatfield, UK, is a holding company with a solid 61-year history, currently employing 49 people. The company boasts assets of £16,883,049 and maintains a real address, overseen by two directors and three owners. It holds a stellar 5.0 Google rating based on six reviews, reflecting positive customer experiences. Regular importer and exporter of electrical machinery and equipment, with 1457 months of import activity and 1555 months of export activity, the company's operations are well-established.

The company’s website, while not providing extensive details, highlights Imo Precision Controls’ involvement in the manufacture of electronic components. They appear to operate through a network of subsidiaries, including Imo Investment Holdings Ltd, Imo Investments Ltd, Imo Group Of Companies Limited, Imo Management Limited, and Imo Automation Limited, suggesting a diversified portfolio of activities.

Financially, Imo Precision Controls Ltd presents a mixed picture. While current assets decreased by 14% to £17 million, cash bank on hand increased by 22% to £6.5 million, indicating improved liquidity. However, net assets also decreased by 7.2% to £20 million. Creditors decreased by 28%, which is a positive sign for debt management. The company’s bank borrowings decreased by 17%, suggesting a reduction in reliance on external financing. The increase in corporation tax recoverable by 110000% is quite significant, but the reason for this is unclear. The company is audited by Blick Rothenberg Audit LLP.

The decrease in net assets and the increase in losses, despite improved cash flow, could indicate increased operating expenses or investments in growth initiatives. The company’s long history and established position in the industry, combined with its diversified operations, suggest a resilient business model, but careful monitoring of financial performance will be crucial in the coming years.

Registered in England/Wales under the registration number 00770038, with a registered address at AL10 9TG, England, Hatfield, Hertfordshire, The Interchange,, Frobisher Way.

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