Martin Precision Ltd

Martin Precision Ltd, based in Lanark, UK, is a small, holding company with an active status. Established 31 years ago in 1993, the company employs 49 people and holds assets worth £2,700,071. With five directors and one owner, it operates from a real address and is a regular importer of machinery, boilers, and mechanical appliances (29 months of import activity), and a regular exporter of aircraft, spacecraft, and their parts (32 months of export activity). The company’s mission is to be a global supplier of precision manufactured product to quality critical industries, including aerospace, medical, defence and energy.

The company's website highlights its capabilities as a global manufacturing service provider for the aerospace sector, and its ability to deliver turnkey solutions for critical applications. It also provides full flexibility for the medical sector, and works with world leading brands. The website emphasizes quality, innovation, and a commitment to meeting the world’s toughest challenges. The company also has a privacy policy and cookies policy.

Financially, Martin Precision Ltd shows a mixed picture. Current assets have increased by 37%, reaching £2,700,000, while net assets remain steady at £1,800,000. Bank borrowings have decreased significantly, falling by 16% to £86,000, and cash reserves have seen a substantial increase, rising by 110% to £1,200,000. However, creditors have increased by 71%, reaching £2,200,000, and trade debtors have plummeted by 57%, suggesting possible payment issues. 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 increase in creditors warrants further attention. The company’s accounts are audited by Consilium Audit Limited, and the financial statements are prepared in accordance with FRS 102. Despite the fluctuations, Martin Precision Ltd appears to be holding its own, leveraging its expertise and global reach to navigate the challenges of the precision manufacturing sector.

Registered in Scotland under the registration number SC145469, with a registered address at ML11 7SR, Lanark, South Lanarkshire, Block 2 East Faulds Road, Caldwellside Industrial Estate.

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