Preston Technical Limited

Preston Technical Ltd from Blackburn UK: a small, family business active for 34 years, employs 29 people, and holds £1,260,195 in assets. It operates from a virtual address, is overseen by four directors and three owners, and regularly imports basic metal tools and utensils (6 months) while exporting plastics and plastic products (14 months). The company’s website highlights its role as a leading adhesive tape converter, offering bespoke solutions for various industries, from automotive to aerospace, and even white goods.

The company's core offering revolves around converting adhesive tape—die-cutting, slitting, and CAD design—to meet specific customer needs. Its innovative "TabTech" product, a roll of pre-cut tape lengths, showcases its commitment to productivity gains. Client testimonials emphasize Preston Technical's ability to reduce assembly times and improve overall efficiency, with one case study detailing an 85% improvement in component assembly time for an aircraft manufacturer. The website also mentions a showroom in Harrods, London, which is a nice touch.

Financially, Preston Technical Ltd presents a mixed picture. While cash reserves increased by a substantial 150% to £460,000, indicating improved liquidity, other key metrics show signs of pressure. Creditors jumped by a significant 110% to £700,000, and trade debtors rose by 34% to £540,000—suggesting potential issues with collections or extended payment terms. Net assets increased by 21% to £720,000, but the decrease in average employees (from 29 to 27) could signal cost-cutting measures or restructuring. Bank borrowings have been reduced dramatically, which is a positive sign. The company qualifies as small, meeting two of three criteria, and its unaudited accounts rely on director-reported data.

Despite these challenges, Preston Technical Ltd's focus on niche solutions and innovation—demonstrated by its patented TabTech product—positions it well for continued success. The company’s ability to adapt to evolving customer needs and its commitment to British craftsmanship are key strengths, even if the financials require close monitoring.

Registered in England/Wales under the registration number 02569653, with a registered address at BB1 6AY, Blackburn, Lancashire, Mentor House, Ainsworth Street.

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