Unicut Precision Limited

Unicut Precision Ltd from Welwyn Garden City UK: a small, active company established 32 years ago, employs 48 people, and holds £2,651,128 in assets. It’s a family business with three directors and two owners, operating from a real address. The company regularly imports machinery, boilers, and mechanical appliances—parts for three months—and exports iron or steel products for a substantial 151 months.

Unicut Precision is a subcontract manufacturer specializing in CNC milled and turned components for clients demanding high performance and quality. Their website highlights a focus on cutting-edge CNC manufacturing, a commitment to JustinTime (JIT) and Kanban production philosophies, and a quality department adhering to ISO standards. They serve a diverse range of sectors, including aerospace, automotive, medical, electronics, food & drink, and scientific industries, showcasing versatility and expertise.

Financially, Unicut Precision shows some interesting trends. Accrued liabilities decreased significantly by 60%, while bank borrowings increased by 7.9%. Cash bank on hand dropped by a considerable 59%, falling to £150,000. Creditors also decreased, suggesting improved debt management. Despite a decrease in current assets, net assets rose by 18%, driven by an increase in retained earnings. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s reliance on unaudited financial statements, likely due to its small size, means the figures aren’t independently verified. The decrease in cash reserves, however, warrants further investigation—perhaps reflecting investments in new machinery or increased working capital requirements. The company’s focus on precision engineering and diverse sector experience, however, positions it well for continued success, even if the financials show some short-term pressures.

Registered in England/Wales under the registration number 02762322, with a registered address at AL7 1AU, England, Welwyn Garden City, 5-8 Tewin Court, Tewin Road.

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