Precision Europe Limited
- Small
- Active
- 13 years
- 5 employees
- £433,013 (assets)
- Virtual address
- 2 directors
- 1 owner
- Regular importer
- Regular exporter
- Solo founder
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Phones
Summary
Precision Europe Ltd, based in Rushden, UK, is a small, active company founded thirteen years ago. With five employees and £433,013 in assets, it operates from a virtual address, managed by two directors and a solo founder. The company regularly imports plastics and plastic products (94 months) and exports miscellaneous chemical products (9 months).
The company's website, Precision Laboratories, showcases a diverse range of testing products, primarily focused on educational and industrial applications. It operates two distinct divisions: Precision Europe, handling UK sales, and Precision Laboratories, Inc., managing US operations. The website highlights a wide array of test strips, incubators, and lab supplies, catering to various industries like cosmetics, education, and healthcare. The company also offers custom strip development and private labeling services, indicating a focus on specialized solutions.
Financially, Precision Europe Ltd's recent performance presents a mixed picture. While current assets increased slightly to £430,000, net assets decreased by 11% to £440,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.
Overall, Precision Europe Ltd appears to be navigating a period of change. The company’s focus on specialized testing products and its dual-market presence offer potential for growth, but the recent financial trends suggest a need for careful management and strategic investments.
Registered in England/Wales under the registration number 07967336, with a registered address at NN10 9TB, England, Rushden, Northamptonshire, 155 Wellingborough Road.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 13 years
-
Resident of United Kingdom
-
Individual
- 13 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted eight months ago.
Last news
-
Confirmation statement made on 2024-10-29 with updatesDownload 5 pages pdf report
-
Change of share class name or designationDownload 2 pages pdf report
-
Total exemption full accounts made up to 2024-02-29Download 9 pages pdf report
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about Precision Europe Limited
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