Precision 2000 Limited

Precision 2000 Ltd from Gateshead UK: a small, active company founded 27 years ago, employs 29 people, and holds £2,139,842 in assets. With two directors and a single owner, the company operates from a real address in the Team Valley Trading Estate. It's an irregular importer of machinery parts (last import in 2020) but a regular exporter of machinery and parts (last export in 2025), a testament to its international reach.

The company’s website highlights its expertise in precision engineering, offering a rapid response and a single source for machining requirements. They specialize in manufacturing precision components, assemblies, and subassemblies, catering to a wide range of international clients from blue-chip companies to research organizations. Services extend beyond machining to include coatings, treatments, inspections, and full client document packs. The site details capabilities in CNC milling, turning, EDM, and toolmaking, emphasizing quality and value for money. They export to locations like Singapore, Saudi Arabia, and the USA.

Financially, Precision 2000 Ltd shows some concerning trends. Current assets have fallen by 8.4% to £2,100,000, and net assets have decreased by 3.8% to £2,100,000. Bank borrowings have increased, and cash reserves have declined by 21%, suggesting a need to manage liquidity. However, creditors have also decreased, indicating improved debt management. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to the small company exemption.

While the company’s export business appears robust, the declining asset base and reduced cash reserves warrant close monitoring. The directors will need to ensure that the company’s financial health keeps pace with its engineering capabilities.

Registered in England/Wales under the registration number 03490963, with a registered address at NE11 0SH, England, Gateshead, Tyne & Wear, Unit N290 Kingsway South, Team Valley Trading Estate.

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