Newton Precision Engineering Limited

Newton Precision Engineering Ltd, based in Waterlooville, UK, is a small, active family business established 16 years ago. With eight employees and £251,636 in assets, the company operates from a virtual address—a detail worth noting as 240 other companies share the same location. It’s managed by three directors and two owners, and specializes in precision engineering, offering services like wax mould creation, prototype development, and production machining. The company also imports electrical machinery, although at an irregular pace, with the last import recorded over two years ago.

Newton Precision Engineering’s website highlights its dedication to high-quality tooling and products, emphasizing its experience, modern software, and commitment to customer communication. Services include investment casting tooling, aluminium injection mould tools, and rapid prototyping, catering to a variety of engineering industries. The company’s location on the south coast of England positions it well to serve European markets.

Looking at the financial data, Newton Precision Engineering Ltd has experienced some notable shifts. While current assets increased by 38% to £250,000, net assets decreased by 16% to -£7,700—a concerning trend. Bank borrowings have surged by 57% to £210,000, and cash reserves have plummeted 96% to just £530. Trade debtors have also ballooned by 73%, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in equity warrants attention. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Newton Precision Engineering Ltd seems to be navigating a challenging financial period. While its engineering expertise and customer focus remain strengths, the company will need to address its rising debts and declining equity to ensure its long-term sustainability.

Registered in England/Wales under the registration number 06866248, with a registered address at PO7 7AN, Waterlooville, Hampshire, Wellesley House, 204 London Road.

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