Precision Metal Products Limited

Precision Metal Products Ltd from Shoreham-By-Sea UK: small company, active status, founded 42 years ago, 13 employees, £714,375 assets, virtual address, 5 directors, 2 owners. Irregular importer of aluminum and aluminum products (1 months imported). It’s a small, active business with a long history, having been established 42 years ago. The company, which employs 13 people, holds £714,375 in assets, but its registered address is a virtual one – meaning 86 other companies share the same location. The business is run by five directors and two owners, and operates in the manufacture of other fabricated metal products.

Precision Metal Products Ltd’s website is minimal, offering little insight into its operations beyond its core business. There's no obvious e-commerce presence, suggesting the company likely operates through direct sales or supply contracts rather than online retail. It seems to focus on B2B rather than B2C sales.

Financially, Precision Metal Products Ltd presents a mixed picture. While net assets increased by 13% to £550,000, cash reserves saw a significant boost, jumping 34% to £490,000. However, bank borrowings rose by a considerable 2,400%, reaching £29,000, and trade debtors decreased by 14%, which could indicate slower customer payments. The company’s small size—meeting two of three conditions for a small company—helps it remain flexible, but the increase in borrowings is something to keep an eye on. The company is exempt from an audit, so the figures are unaudited.

Despite being an irregular importer, with aluminum and aluminum products being its top import category, the company’s last import operation was made way back in September 2016. This suggests that the company’s import activity is sporadic, and it may rely on existing stock or alternative sourcing methods.

Registered in England/Wales under the registration number 01665954, with a registered address at BN43 5WG, England, Shoreham-By-Sea, West Sussex, 56 West Street.

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