Prescott Instruments Limited

Prescott Instruments Ltd, based in Tewkesbury, UK, is a small, family-run business with an active status, celebrating 30 years in operation. Employing 13 people and holding assets of £739,443, the company operates from a real address and is overseen by three directors and two owners. It’s a regular importer of electrical machinery and equipment (12 months) and a consistent exporter of optical and medical tools and devices (105 months).

The company's website reveals a specialized focus on material testing instruments, particularly for the rubber, elastomer, and polymer industries. It manufactures and supplies a range of equipment, including rheometers, viscometers, and dynamic mechanical analyzers, catering to industries like tyre, automotive, and healthcare. They even offer calibration services and software solutions like Labline, FlexiReports, and Universal Instruments, showcasing a commitment to comprehensive customer support. The website also highlights the company’s expertise in bespoke solutions and upgrades, including the innovative Red Box and Intelligent Board systems.

Financially, Prescott Instruments Ltd demonstrates a mixed picture. Current assets have increased by a healthy 26%, reaching £740,000, while net assets also rose significantly, climbing 16% to £710,000. However, bank borrowings have increased by 110%, reaching £31,000, and future minimum lease payments have also risen considerably. Trade creditors have also increased by 52%, which could be related to the increased asset base. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the rise in lease payments and creditors suggests a need for careful financial management. No auditor is mentioned, which is typical for a small, exempt company.

The increase in future lease payments and creditors, alongside the rise in bank borrowings, could be linked to investments in equipment or expansion of the business. It’s likely that the company is continuing to invest in its product range and services to maintain its position as a specialist in material testing instruments, although a closer look at the cash flow statement would be needed to confirm this.

Registered in England/Wales under the registration number 02959836, with a registered address at GL20 8JH, England, Tewkesbury, Glos, Unit F Northway Trading Estate, Northway Lane.

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