Star Precision Tools Limited

Star Precision Tools Ltd, based in Wednesbury, UK, is a small, active holding company founded 22 years ago in 2003. Employing 19 people and holding £1,005,835 in assets, the company operates from a real address with three directors and one owner. It’s a holding company, meaning it likely owns other businesses, and has been importing and exporting vehicles, parts, and accessories (excluding trains and trams) irregularly – one month of imports and two months of exports recorded.

The company’s website is currently unavailable, making it difficult to determine the full scope of its operations beyond what’s stated in the report. However, the company operates in the forging, pressing, stamping and roll-forming of metal; powder metallurgy industries.

Financially, Star Precision Tools Ltd presents a mixed picture. Current assets have increased by 23%, reaching £1,000,000, while bank borrowings have decreased by 29%, settling at £95,000. Cash reserves have seen a significant boost, jumping 91% to £91,000. However, creditors have risen by 10%, reaching £480,000, and trade debtors have increased by 27%, reaching £800,000. Perhaps most notably, equity has grown by 35%, reaching £620,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The increase in equity suggests a period of growth, although the rise in both debtors and creditors warrants closer attention. The company’s small size means it’s likely exempt from an audit, and the financial statements are therefore unaudited. The significant increase in equity, however, is a positive sign.

The company’s workforce has increased by 37%, with 26 employees reported, which could be contributing to the increase in debtors and creditors. It is also worth noting that the company's deferred tax policy is to recognise deferred tax in respect of all timing differences that have originated but not reversed at the balance sheet date.

Registered in England/Wales under the registration number 04697389, with a registered address at WS10 0AT, England, Wednesbury, 40-42 Potters Lane Potters Lane.

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