Precision Material Handling Ltd

Precision Material Handling Ltd, based in Kings Lynn, UK, is a small, active company founded two years ago. Employing just three people, it holds £414,525 in assets and operates from a real address. With three directors and owners, the company is an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances—parts, with its most recent import activity occurring just one month ago. The company's website reveals a focus on conveyor belting supply and service, including maintenance, rollers, and emergency breakdown cover.

While the company operates in the manufacture of other rubber and plastic products, its website emphasizes the supply and service of conveyor belting. It offers a range of services, from routine maintenance to emergency breakdown cover, catering to businesses needing reliable conveyor solutions. The website’s professional design and clear contact information suggest a customer-focused approach.

Financially, Precision Material Handling Ltd shows some interesting trends. Accumulated depreciation on motor vehicles has risen significantly, increasing by 260%, while furniture fittings have seen a 140% increase. Cash bank on hand has grown by 79%, reaching £200,000, and creditors have increased to £47,000. However, the company's net assets have also grown by 38%, reaching £160,000. The number of employees has increased from three to five, suggesting growth in operations. Although the company’s size meets the criteria for a small company, the rise in depreciation and creditors should be monitored. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Registered in England/Wales under the registration number 14639302, with a registered address at PE30 4LJ, England, Kings Lynn, Norfolk, 29 Enterprise Way.

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