Parker Precision Limited

Parker Precision Ltd, from Bilston UK, is a small, holding company with an active status, having been founded 65 years ago in 1959. The company employs 39 people and holds £1,849,292 in assets. It has a real address, is overseen by two directors, and has one owner. Parker Precision regularly imports various base metals and cermets (for 11 months) and exports optical and medical tools and devices (for 47 months).

The company operates as a precision engineering firm, manufacturing components for industries like aerospace, oil & gas, medical, motorsports, and electronics. It boasts a solid customer base and invests in the latest precision engineering inspection technology. The website highlights a team of experienced professionals and emphasizes quality, adaptability, and innovative thinking. They have a showroom in Harrods, London.

Financially, Parker Precision Ltd shows a mixed picture. Current assets remained relatively stable at £1,800,000, while net assets increased by 11% to £3,600,000. Bank borrowings decreased by 2.8% to £180,000, and cash reserves fell by 12% to £150,000. Creditors increased significantly by 47% to £740,000, suggesting a need to manage debt. The company meets the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The lack of an auditor mentioned suggests they are exempt as a small company, and the financial statements are unaudited. The company has taken exemption from audit under section 477 of the Companies Act 2006.

Despite the increase in creditors, Parker Precision Ltd appears to be financially stable, with a growing asset base. The company’s long history and diverse customer base suggest a resilient business model.

Registered in England/Wales under the registration number 00638576, with a registered address at WV14 7HW, Bilston, Staffs, Vulcan Works, Vulcan Road.

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