Pdq Precision Limited

Pdq Precision Ltd from Yeovil, UK, is a small, active company founded thirteen years ago in 2011. With fourteen employees and a virtual address, the business operates with two directors and a solo founder, Thrower Martin. The company irregularly imports vehicles, parts, and accessories (excluding trains or trams) for a month, and exports machinery, boilers, and mechanical appliances parts for a month. It operates in the other engineering activities industries.

Pdq Precision is a UK-based manufacturing facility that offers precision engineering services, outsourcing, or direct work. The company provides CNC machining, grinding, finishing, and caters to a diverse range of markets, including aerospace, packaging, motorsport, and more. It manufactures components from one-off prototypes to large batch work. The website details a wide range of services, including reverse engineering, repair, and prototyping, alongside a growing list of precision engineering services. They even produce Molins cigarette machinery spares.

Financially, Pdq Precision shows some interesting trends. Creditors decreased by 3.3%, and trade debtors fell by 15%, suggesting improved debt management. However, net assets increased by 54%, and bank borrowings decreased by 11%, which could be a positive sign. Cash reserves increased by 900% to £10, a remarkable jump, but it’s important to note that the starting point was just £1. The company meets the criteria for a small company, with turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company's accounts were unaudited, relying on director-reported data.

While the company appears to be doing well, the sharp increase in cash reserves should be investigated further. It’s possible that the company has received a large payment from a customer, or that it has sold off some of its assets.

Registered in England/Wales under the registration number 07889150, with a registered address at BA22 8WW, United Kingdom, Yeovil, Somerset, Albert Goodman, Lupin Way.

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