Micro Precision Ltd

Micro Precision Ltd from Guildford UK: a small, active company founded just one year ago, employs two people, and holds £120,567 in assets. It operates from a real address and is led by one director and owner, running an e-commerce site and regularly importing optical and medical tools and devices—a trend observed over the last seven months.

The company’s website highlights its role as a calibration services provider, offering solutions for a wide range of industries and equipment. They boast a global network of accredited labs and support offices, emphasizing their expertise in electrical, optical, semiconductor, and mechanical calibration. Beyond calibration, Micro Precision offers repair services, equipment sales and rentals, and a cloud-based customer data management system. They work with a diverse range of manufacturers, including Agilent, Amprobe, and Tektronix.

Financially, Micro Precision Ltd’s numbers present a mixed picture. While its small size (meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees) allows for agility, the company’s net assets are negative at -£180,000. Cash bank on hand remains stable at £87,000, however, creditors have remained at £250,000. Trade debtors are steady at £18,000. Borrowings are also stable at £55,000. The company’s property, plant, and equipment has increased slightly, from £0 to £52,000, however, depreciation charges have also increased. It’s worth noting that the company is exempt from an audit due to its small size, so the figures are unaudited.

Overall, Micro Precision Ltd appears to be navigating a challenging financial landscape, but its diverse service offerings and established industry presence suggest potential for future growth. The company’s reliance on imports and its negative equity will need careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 14944546, with a registered address at GU3 1AF, England, Guildford, Unit 2 Heyworth Business Park Old Portsmouth Road, Peasmarsh.

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