Precon Products Ltd

Precon Products Ltd is a large, active company based in Ipswich, UK, founded eighteen years ago. It employs seventy-seven people and holds £26,749,915 in assets, generating £77,887,499 in revenue annually. The company operates from a virtual address, a point to note, and is overseen by seven directors and a single owner. It’s a regular importer and exporter of iron or steel products, with a long history of both activities.

Precon Products functions as a supplier of construction materials, operating depots across the UK and offering a wide range of products from top brands. Its website highlights a commitment to fast service, high-level customer care, and a knowledgeable team. It's a wholesale business, catering to contractors and offering both independent supply and nationwide delivery. They even have an online shop where customers can browse their product categories.

Financially, Precon Products shows a mixed picture. While turnover remained relatively stable, assets decreased by 14%, and net assets also declined. Bank borrowings increased significantly, while cash reserves fell by 15%. Creditors also decreased, suggesting improved debt management. The company meets the criteria to be considered large, having met two of three conditions: turnover more than £36 million, balance sheet more than £18 million, and more than 250 employees. The company’s auditor is Sumer Auditco Limited. The decrease in net assets could be due to investments in growth or changes in working capital. The increase in bank borrowings suggests the company may be leveraging debt to fund operations or expansion.

Registered in England/Wales under the registration number 06116510, with a registered address at IP1 3LG, Ipswich, Suffolk, Fitzroy House, Crown Street.

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