Precision Automation Systems Ltd

Precision Automation Systems Ltd, based in Marston Moretaine, UK, is a small, active company founded six years ago. With just one employee and £159,706 in assets, it’s a solo founder operation led by a single director and owner, Richard Critchley. The company holds a 5.0 Google rating based on one review, indicating high customer satisfaction. It’s an irregular importer, primarily bringing in basic metal tools and utensils, with its last import activity recorded over two years ago in August 2022.

The company’s website describes it as a manufacturer of special-purpose machinery, operating from a business park in Marston Moretaine. It provides contact details, business hours, and copyright information, suggesting a straightforward, established presence. The site doesn's offer e-commerce functionality, implying a business-to-business model rather than direct sales to consumers.

Financial data reveals a mixed picture. While the company’s assets have decreased by 21% to £160,000, current assets have also dropped by 21% to £120,000. Bank borrowings have significantly decreased by 38%, reaching £17,000, and cash reserves have fallen by 72% to £35,000. Creditors have also decreased by 38% to £17,000. The company’s small size—meeting two of three conditions for being a small company—helps it remain flexible. The increase in trade debtors by 59% to £120,000, however, could indicate difficulties in collecting payments. The lack of an auditor is not unusual for a company of this size.

Overall, Precision Automation Systems Ltd seems to be navigating a period of change. The decrease in cash reserves and the rise in trade debtors are concerning, but the reduction in bank borrowings suggests better debt management. It’s likely the company is facing challenges, but its established presence and positive Google rating indicate a resilient business.

Registered in England/Wales under the registration number 11653968, with a registered address at MK43 0XT, Marston Moretaine, Bedfordshire, Unit 2 Marston Business Park, Lower Hazeldines.

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