Knight Precision Wire Limited

Knight Precision Wire Ltd, based in Potters Bar, UK, is a small holding company with an active status, celebrating 22 years since its founding in 2002. Employing 36 people and boasting assets of £3,146,116, the company operates from a real address and is overseen by three directors and a single owner. It holds a stellar 5.0 Google rating based on one review. The business regularly imports and exports copper and copper products, with 152 months of import activity and 54 months of export activity recorded.

Knight Precision Wire is a manufacturer specializing in the cold rolling of narrow strip and the cold drawing of wire. Its website highlights its role as a stock and service centre for precision strip and wire, offering a wide range of materials including nickel alloys, stainless steel, titanium alloys, and more. The company provides processing services such as slitting, shearing, traverse winding, and edge dressing. It also offers precision stampings and operates a wire division with products ranging from aerospace locking wire to medical wire. It even owns several associated companies: Omega Resistance Wire Limited, Sterling Precision Equipment Limited, K C Smith Ortho Limited, Omega Wire Limited, and Rowan Cable Products Limited.

Financially, Knight Precision Wire Ltd shows some concerning trends. While current assets remained relatively stable at £3,100,000, net assets increased slightly to £3,200,000. Bank borrowings increased by 2.6% to £1,700,000, and cash reserves decreased by 31% to £73,000. Creditors decreased by 39% to £300,000, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the decrease in cash reserves warrants attention. The company’s financial statements are unaudited, as is common for small entities.

The company’s director signing financial statements is not mentioned. The financial reports are prepared in accordance with Financial Reporting Standard 102.

Registered in England/Wales under the registration number 04549481, with a registered address at EN6 3JL, Potters Bar, Hertfordshire, Hadley Works, Cranborne Road.

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