Norton Precision Limited

Norton Precision Ltd, based in Eastleigh, UK, is a small, active company established 27 years ago in 1997. Employing seven people, the firm holds £207,701 in assets and operates from a real address. With two directors and a solo founder, Butler Matthew Neil, at the helm, Norton Precision Ltd regularly imports optical and medical tools and devices (five months of imports) and exports electrical machinery and equipment (seventeen months of exports).

The company's website highlights its role as a subcontractor in the engineering industry, offering machining, fabrication, and assembly services. Situated near major transport links, Norton Precision Ltd boasts a 6,000 sq ft facility and caters to diverse sectors like aerospace, defence, and nuclear. Notably, it has expanded its operations with a manufacturing facility near Shanghai, China, offering a "one-stop-shop" for customers. The company invests in advanced technology, holds ISO 9001 and AS9100 quality approvals, and provides services like stock holding and KANBAN deliveries.

Financially, Norton Precision Ltd presents a mixed picture. Current assets decreased by 3.8% to £210,000, while net assets plummeted 120% to -£69,000. Bank borrowings fell 6.1% to £48,000, and cash reserves dropped 76% to £20,000. Trade creditors increased significantly by 59%, and trade debtors rose 24%. 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 flexibility, but the substantial equity decline warrants attention. No auditor is mentioned, likely due to the company’s exemption as a small business.

Overall, Norton Precision Ltd appears to be navigating a challenging period, balancing its established engineering services with ongoing investments and a fluctuating financial landscape.

Registered in England/Wales under the registration number 03472628, with a registered address at SO50 7DN, Eastleigh, Hampshire, Botley Road, Horton Heath.

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