Ves Precision Limited

Ves Precision Limited, based in Crewkerne, UK, is a small, active company established 34 years ago in 1991. Employing 24 people, it holds assets totaling £923,917. The company operates from a real address on the Cropmead Industrial Estate and is overseen by three directors and one owner, Ian William Scarr. While it imports electrical machinery irregularly, it’s a regular exporter of basic metal tools and utensils.

Ves Precision describes itself as a precision engineer, offering a complete machining and engineering service to clients worldwide. Its website details a wide range of services, including CNC machining, EDM wire erosion, grinding, and lapping, catering to industries like aerospace, packaging, and motorsport. The company also boasts a dedicated in-house inspection facility and holds approvals like AS9100 and ISO 9001, suggesting a commitment to quality and industry standards. It’s clear that the business focuses on bespoke solutions for production needs.

Financially, Ves Precision’s recent performance presents a mixed picture. Current assets have decreased by 14%, falling to £920,000, while net assets have also declined by 13%, landing at £1.4 million. Bank borrowings have increased by 24%, reaching £370,000, and cash reserves have plummeted 85%, leaving just £4,500. However, trade debtors have also decreased by 11%, which could indicate improved collection practices. The company’s small size—meeting two out of three criteria for a small company—allows for agility, but the decrease in equity warrants closer examination. No auditor is mentioned, indicating that the financial statements are unaudited.

Overall, Ves Precision appears to be navigating a period of financial adjustment. Its strong engineering capabilities and industry approvals suggest a solid foundation, but the recent trends in its financials require attention.

Registered in England/Wales under the registration number 02603208, with a registered address at TA18 7HQ, Crewkerne, Somerset, Unit 10, Cropmead Industrial Estate.

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