J.w.hill Precision Engineering Limited

J.W. Hill Precision Engineering Ltd is a small, active company with a rich history, having been founded 70 years ago in 1955. Based in Worcester, UK, it employs 15 people and holds assets valued at £808,409. The company boasts a stellar 5.0 Google rating from four reviews and is managed by three directors and one owner, Coxall Linda Jane. It’s a real address, and the director list was changed two months ago, which is a good sign. They are an irregular importer, bringing in basic metal tools and utensils, with the last import occurring in January 2022.

The company's website reveals a focus on precision CNC machining and grinding services. As a family-owned business since 1936 (though the company itself was formally registered later), J.W. Hill serves various engineering sectors, primarily the canmaking industry. They pride themselves on quality, friendly service, competitive pricing, and ISO 9001:2015 certification. The website details their services, including grinding workshops, and highlights their ability to work with a wide range of materials. They also answer frequently asked questions, covering industries served, what sets them apart, grinding services, and materials worked with.

Financially, J.W. Hill Precision Engineering Ltd shows some concerning trends. Cash bank on hand has decreased by 20%, falling to £680,000, and current assets have dropped by 28%, settling at £810,000. Trade debtors have also seen a significant decrease, falling 54% to £130,000. On the positive side, creditors have dramatically reduced by 69%, dropping to £66,000, which could indicate improved debt management. Equity has also declined, with retained earnings decreasing by 19% to £780,000. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the decline in cash reserves and equity warrants closer attention. The lack of an auditor mentioned suggests they are exempt as a small company, relying on unaudited financial statements. It’s likely they are doing well, but these numbers do show some pressure.

Registered in England/Wales under the registration number 00542930, with a registered address at WR5 3EL, 22/26 Bath Road, Worcester.

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