Inpress Precision Ltd

Inpress Precision Ltd, based in Littlehampton, UK, is a medium-sized holding company with an active status. Founded 27 years ago in 1998, the company employs 66 people and holds assets valued at £1,834,204. Its yearly revenue reached £6,098,141. The company is led by two directors and has one owner, with a real address registered at BN17 7AU. Inpress Precision Ltd regularly imports machinery, boilers, and mechanical appliances, parts, for nine months, and exports plastics and plastic products for 109 months.

The company operates in the manufacture of other plastic products industries. It’s a medium company, meeting two of three conditions: turnover less than £36 million, balance sheet less than £18 million, and fewer than 250 employees. The last reported current assets are £1,834,204, and the revenue is £6,098,141.

Looking at the financials, there’s a mixed picture. Accrued liabilities deferred income decreased by 17%, which is good, but accumulated amortisation impairment intangible assets increased by 7.3%. Depreciation of property plant equipment rose significantly by 36%, and bank borrowings increased by 22%. However, cash bank on hand saw a substantial increase of 270%. The company’s turnover remained steady, but the decrease in net assets suggests a potential strain on equity.

The company’s financial statements were audited by TTCA Ltd. While the company's turnover remained consistent, the rise in bank borrowings and decrease in cash reserves could indicate that Inpress Precision Ltd is burning through money. The rise in depreciation might be due to investments in new machinery, which could be a positive sign for future growth. The company’s ability to maintain its export activity despite these financial pressures is a testament to its market position.

Registered in England/Wales under the registration number 03556496, with a registered address at BN17 7AU, Littlehampton, West Sussex, 1 Harwood Industrial Estate, Harwood Road.

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