Turner Precision Limited

Turner Precision Ltd, based in Cardiff, UK, is a small holding company with an active status, having been established 21 years ago in 2003. The company employs 18 people and holds £1,485,436 in assets. It’s managed by four directors and has one owner, and enjoys a perfect 5.0 Google rating from three reviews. Turner Precision is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import operation recorded in May 2022.

The company’s website highlights its reputation as a high-quality engineering company specializing in precision machined components and assemblies, catering to both small and large batch quantities. It offers a full range of CNC and precision engineered components, emphasizing quick turnaround times and a customer-focused approach. Turner Precision serves diverse industries, including aerospace, semiconductors, oil and gas, electronics, and machinery manufacturing. The company’s team of skilled engineers boasts over 90 years of collective expertise, underpinned by a quality management system.

Financially, Turner Precision Ltd presents a mixed picture. While cash reserves increased by 4.3% to £880,000, current assets remained steady at £1,500,000. However, trade debtors decreased significantly by 43% to £240,000, suggesting potential issues with customer payments. Bank borrowings are also up. The company’s small size (meeting two of three criteria for being classified as small) allows for agility, but the decline in trade debtors is something to watch. The company’s unaudited financial statements, as a small company, don’t mention an auditor. Overall, Turner Precision Ltd seems to be operating steadily, but the decrease in debtors could indicate some challenges ahead.

Registered in England/Wales under the registration number 04817071, with a registered address at CF3 2PZ, Wales, Cardiff, Unit T5 Capital Business Park, Parkway.

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