Key Precision Limited

Key Precision Ltd, based in Staffordshire, UK, is a small, holding company with an active status, having been incorporated twenty-one years ago in March 2004. The company employs thirty-one people and holds assets totaling £871,541. With five directors and a single owner, it operates from a real address and is registered with only one other company at the same location. The company regularly exports miscellaneous metal items, with six months of export activity recorded, and irregularly imports copper and copper products, with just one month of import activity noted.

The company's core business, as detailed on its website, is CNC machining and bespoke manufacturing solutions. Key Precision Ltd specializes in precision-engineered components and assemblies for various industries, including automotive, defence, medical, and telecommunications. They offer CNC milling, turning, and sliding head machining, alongside assembly services and prototyping. The website highlights ISO 9001 and ISO 14001 certifications, emphasizing quality and environmental management.

Financially, Key Precision Ltd has experienced some shifts. Current assets decreased by 15% to £870,000, while net assets also fell by 15% to £630,000. Bank borrowings have decreased by 40%, to £41,000, and cash reserves have increased significantly, by 80%, to £30,000. Creditors have also seen a decline, falling by 26% to £250,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned suggests the company is exempt from an audit.

Overall, Key Precision Ltd appears to be navigating a period of change. While asset values have decreased, the increase in cash reserves and decrease in creditors suggest improved financial management. The company's focus on precision engineering and commitment to quality positions it well for continued success, but the need to maintain strong financial performance will be crucial.

Registered in England/Wales under the registration number 05069607, with a registered address at WS11 7LR, Staffordshire, Unit 5 Phoenix Road, Cannock.

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