Ra Precision Limited

Precision Craft Ltd, based in Bicester, UK, is a small, active company founded 18 years ago. With a single director and owner – a solo founder – and just one employee, it holds £13,634 in assets. The company operates from a virtual address, shared by 179 other businesses, which is a bit unusual. It’s a limited company, and the business is involved in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles, the retail sale via mail order houses or via internet, and other business support services.

The company’s website, precisioncraft.co.uk, showcases a range of precision engineering services, including CNC machining, CAD/CAM design, and rapid prototyping. They cater to various industries, from aerospace and automotive to medical and motorsport. The site emphasizes quality, accuracy, and fast turnaround times – key selling points for precision engineering firms. While the registered address suggests a broader retail focus, the website’s content points to a more specialized manufacturing operation.

Financially, Precision Craft Ltd presents a mixed picture. Current assets have decreased by 40% to £8,200, while net assets have fallen by 36% to £7,800. Bank borrowings have increased by 150% to £14,000, and cash reserves have plummeted 60% to £2,800. Creditors have also increased by 25% to £18,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in cash and increase in debt suggest potential cash flow pressures. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Precision Craft Ltd appears to be navigating a challenging period. While its precision engineering services seem well-positioned, the company needs to manage its finances carefully to ensure its long-term sustainability. The dual focus on retail and engineering may also be a source of complexity, requiring clear strategic priorities.

Registered in England/Wales under the registration number 05463993, with a registered address at RG14 1QL, Newbury, Berkshire, 2 Old Bath Road.

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