Precision Refrigeration Limited

Precision Refrigeration Ltd, based in Thetford, UK, is a small, active company established 24 years ago. With 49 employees and £7,326,410 in assets, it's a well-established player in its sector. The company, owned by Williams Nicholas Michael, has four directors and a real address, indicating a stable operation. Precision Refrigeration regularly imports and exports machinery, boilers, and mechanical appliances, parts – 106 months of import activity and 124 months of export activity recorded, with the latest operations taking place in February 2025.

The company's website showcases a focus on commercial refrigeration equipment, catering to professional kitchens. It operates a spares webshop and highlights new refrigerated counters, demonstrating an active sales strategy. Case studies and news sections further engage potential customers, and a subscription service allows for newsletter updates. The website also points to a global reach, with dedicated sections for UKEMEA, Asia, Australasia, and India.

Financially, Precision Refrigeration Ltd shows some concerning trends. While cash reserves increased by 40% to £3,200,000, current assets only rose by 31% to £7,300,000. Trade debtors decreased by 8.3% to £1,200,000, which could be a positive sign of improved collections. However, a significant drop in fixed assets, down 13% to £1,200,000, and a 48% decrease in property, plant, and equipment to £1,500,000, suggests potential asset sales or depreciation. Accrued liabilities also increased by 57% to £140,000. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—means it's likely exempt from a full audit, so the figures are unaudited.

The increase in average employees, up 20% to 59, is a curious detail. It suggests expansion, but it’s unclear if this is sustainable given the mixed financial signals. Overall, Precision Refrigeration Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 04069159, with a registered address at IP24 3RU, Thetford, Norfolk, Stephenson Way.

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