Porter Precision Punch Limited

Porter Precision Punch Ltd, based in Leamington Spa, UK, is a small, holding company with an active status. Founded eleven years ago in 2014, it employs just two people and holds £38,855 in assets. The company operates from a virtual address—fifty-eight other companies registered there too—and is managed by two directors and two owners. It’s a regular importer of basic metal tools and utensils, with 9 months of import activity recorded, though it’s been irregular in its exporting, with just 2 months of activity.

The company’s website lists a wide range of locations across the UK, suggesting a broad reach, and it’s described as a precision engineer. It seems to be a business-to-business supplier, offering services like CNC routing and even linking to other engineering firms. It’s clear they’re trying to reach a lot of potential customers.

Financially, Porter Precision Punch Ltd shows a mixed picture. Current assets have decreased by 12% to £39,000, and net assets have fallen by 6.4% to £37,000. Cash reserves have also dipped, declining by 10% to £23,000. Debtors have decreased by 15%, which is a positive sign, but other creditors have increased. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the decline in equity is something to keep an eye on. The company is exempt from an audit, so the figures are unaudited.

The company’s financial instruments are classified under basic financial instruments, and they use CCH software for accounting. It seems like a stable, if modest, operation, but the decline in assets is a trend worth noting.

Registered in England/Wales under the registration number 08869614, with a registered address at CV21 2PD, Rugby, Warwickshire, Chestnut Field House, Chestnut Field.

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