Preco (broadcast Systems) Limited

Preco Broadcast Systems Ltd, based in London, UK, is a small, family-run business with an active status, celebrating 41 years since its founding in 1983. The company employs just two people and holds £194,286 in assets, operating from a virtual address shared by many other businesses. With three directors and two owners, it’s a tight-knit operation, originally founded by a solo entrepreneur. They regularly import electrical machinery and equipment, with 70 months of import activity recorded, but have only exported for one month in 2019.

The company’s website showcases a range of broadcast equipment, acting as a distributor for well-known brands like Tieline, Wheatstone, and Orban. They offer products ranging from audio codecs and mixers to audio processing systems, catering to professional broadcasters and audio engineers. The site highlights their expertise in areas like IP audio transmission, digital radio processing, and remote broadcasting solutions. It's clear Preco isn’s directly manufacturing these products, but rather acting as a supplier and reseller.

Financially, Preco Broadcast Systems Ltd shows a mixed picture. Cash bank on hand has fallen by 35%, dropping to £150,000, while finished goods have increased by 26% to £32,000. Trade debtors have also risen slightly by 5.9%, suggesting a possible increase in outstanding invoices. However, accrued liabilities have decreased by 33%, and creditors have plummeted by 59% - a positive sign of improved debt management. Despite a 4.9% decrease in equity, net assets remain stable at £150,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decline in cash reserves warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Preco Broadcast Systems Ltd appears to be navigating a challenging environment. While its supplier relationships and technical expertise seem strong, the financial data suggests a need to carefully manage cash flow and potentially explore new revenue streams to ensure long-term sustainability.

Registered in England/Wales under the registration number 01736815, with a registered address at N3 2LT, United Kingdom, London, First Floor, 314 Regents Park Road, Finchley.

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