Precision Technic Services Uk Ltd

Precision Technic Services Uk Ltd, based in Hereford, UK, is a small, active company founded seven years ago in 2017. It operates from a real address and is led by one director and two owners. The company regularly imports electrical machinery and equipment, with 15 months of import activity recorded, the last in February 2024.

The company’s website, Precision Technic Defence, positions itself as a provider of complex, customised solutions for the defence sector. It’s not an e-commerce site; instead, it functions as a marketing hub showcasing its product areas: Soldier Systems, C4ISR Systems, Platform Sensor Systems, Unmanned Systems, Service Support, and Training Services. Precision Technic Defence serves governments, armed forces, and law enforcement agencies globally, emphasizing quality, knowledge, and credibility. Recent news highlights partnerships with companies like VideoRay and EME Group, as well as contract wins for navigation technology and land/naval station support. The company also boasts a new headquarters in Denmark and celebrates its 40th anniversary this year.

Financially, Precision Technic Services Uk Ltd is facing some challenges. Turnover has completely vanished, dropping 100% to zero, and net assets have plummeted 73% to -£550,000. Administrative expenses have increased dramatically, rising 240% to £19,000. Bank borrowings have also decreased, dropping 100% to zero. 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 significant equity decline and lack of turnover raise concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems the company is struggling to maintain its financial health, despite its strong presence in the defence sector. The sharp decline in revenue and the increase in expenses suggest a need for careful management, although the company's focus on high-value defence contracts could offer a path to recovery.

Registered in England/Wales under the registration number 10926008, with a registered address at HR2 9NF, England, Hereford, Herefordshire, Unit 7 Webton Business Park, Kingstone.

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