Precision Fabrications Andover Ltd

Precision Fabrications Andover Ltd, based in Andover, UK, is a small, active company founded six years ago. With 24 employees and £1,727,394 in assets, it’s a well-established player in its sector. The company boasts a 5.0 Google rating from a single review, and operates from a real address with two directors and one owner. It’s an irregular importer, bringing in miscellaneous metal items for a couple of months, with the last import occurring in February 2024.

The company’s website reveals it’s a specialist fabricator and supplier of metalwork, catering to industries like construction, automotive, agriculture, electrical, and healthcare. It offers a wide range of services, from sheet metal fabrication to welding, and even glazing options. The website showcases several impressive projects, including work on large-scale developments like the Vitrine College in Stafford and the Google Building in Kings Cross, London. It seems they're quite proud of their work, and rightly so.

Financially, Precision Fabrications Andover Ltd presents a mixed picture. While cash reserves plummeted by a significant 91% to just £2,000, bank borrowings have increased by 85% to £18,000. Current assets remain stable at £1,700,000, but trade debtors have fallen by 26% to £580,000. The company’s size—meeting two of three conditions for a small company—allows for flexibility, but the decrease in cash and increase in debt are worth noting. Creditors have also decreased by 46%, which is a positive sign. The company’s average number of employees has increased by 33% to 32, which could be a sign of growth or increased workload. It's worth mentioning that the financial statements are unaudited, and the company is exempt from an audit as a small company. The directors changed four months ago, which could be a good sign for potential buyers.

Registered in England/Wales under the registration number 11646086, with a registered address at SP10 5AZ, United Kingdom, Andover, Unit 9 North Way.

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