Precision Woodwork Limited

Precision Woodwork Limited, based in Great Chesterford, UK, is a small, active company founded thirteen years ago. With twelve employees and £285,660 in assets, it operates from a virtual address, managed by two directors and two owners. The company is an irregular importer, primarily dealing in aluminum and aluminum products, with its last import activity recorded just one month ago. It’s a small operation, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

The company’s core business revolves around the manufacture of other builders’ carpentry and joinery, as well as joinery installation. It also owns Precision Carpentry & Joinery Limited, suggesting a broader scope within the woodworking industry. The company’s website is currently unavailable, so it’s difficult to assess its e-commerce presence or online sales strategy.

Financially, Precision Woodwork Limited presents a mixed picture. While cash reserves increased significantly by 130% to £110,000, net assets experienced a substantial drop of 90%, falling to just £6,200. Bank borrowings decreased by 25%, reaching £8,000, and trade debtors decreased by 44%, suggesting improved collection of outstanding payments. However, other creditors increased dramatically by 280%, reaching £150,000, and other debtors increased by 460%, reaching £110,000. The company’s financial statements are unaudited, and no auditor is mentioned, which is typical for small companies.

The significant decrease in equity, despite increased cash, suggests the company may be reinvesting heavily in its operations or facing increased expenses. The rise in other creditors and debtors could indicate a reliance on short-term financing or challenges in managing cash flow. While the company’s small size allows for agility, the financial trends warrant close monitoring to ensure long-term sustainability.

Registered in England/Wales under the registration number 08008119, with a registered address at CB10 1PF, Great Chesterford, Essex, 9 Great Chesterford Court, London Road.

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