Preci-spark Limited

Preci Spark Ltd, a large company based in Leicester, UK, has been a fixture in the engineering sector for 64 years. Founded in 08 June 1960, the company employs 406 people and holds assets worth £24,171,064, generating a yearly revenue of £39,457,862. It operates as a holding company with an active status and is overseen by ten directors and one owner. The company regularly imports and exports machinery, boilers, and mechanical appliances; parts, with 245 months of import activity and 358 months of export activity.

Preci Spark is involved in the manufacture of air and spacecraft and related machinery industries. Its website showcases a range of services, including laser machining, electro discharge machining, and advanced metal forming, alongside products like cooling inserts and honeycomb assemblies. The company also has a strong emphasis on quality, with certifications like ISO 45001 and a commitment to ethical procurement and corporate social responsibility. It also offers apprenticeships and training, and even sponsorship for skilled workers.

Financially, Preci Spark shows a mixed picture. Current assets increased by 13% to £24 million, while turnover rose by 19% to £39 million. However, net assets only increased by 4.5% to £20 million. Bank borrowings increased by 56% to £5.3 million, and cash reserves decreased by 11% to £5.8 million. Creditors increased by 34% to £8.9 million, suggesting a need to manage debt. The company’s large size (meeting two of three criteria for a large company) gives it scale, but the increase in debt warrants attention. The company’s accounts are audited by Menzies LLP.

The growth in turnover is a positive sign, reflecting strong demand for its engineering services. However, the rise in debt and the slight decrease in cash reserves suggest that Preci Spark may be investing heavily in growth or facing increased operating costs. It's possible the company is expanding its operations or taking on new projects, which could explain the increased debt.

Registered in England/Wales under the registration number 00661746, with a registered address at LE7 1HN, Leicester, Engineering Factory Chapel Street, Syston.

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