PARADIGM PRECISION BURNLEY LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +4%

  £31,634,999 → £32,898,934

• Cash

  -28.8%

  £1,787,223 → £1,272,430

• Net assets

  +6.6%

  £3,241,823 → £3,455,628

• Employees

  0%

  211 → 211

• Operating profit

  +77.8%

  -£2,016,569 → -£448,427

• Profit before tax

  +68.9%

  -£2,549,993 → -£793,591

• Wages

  +8.3%

  £8,135,142 → £8,808,508

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. PARADIGM PRECISION BURNLEY LTD 2014-08-29 → present
2. UNISON ENGINE COMPONENTS LIMITED 2007-10-29 → 2014-08-29
3. SMITHS AEROSPACE COMPONENTS LIMITED 2004-07-23 → 2007-10-29
4. ALNERY NO.2443 LIMITED 2004-05-26 → 2004-07-23

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Pierce C A Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors are of the opinion that the company will be able to continue trading as a going concern, on the basis that the company is not required to repay the intercompany loan payable to fellow group company Turbocombustor Technology, Inc. If Turbocombustor Technology, Inc demanded repayment of the loan, the entity would not have sufficient funds to settle the liability. As a result of this, the directors have obtained a letter of support from Turbocombustor Technology, Inc, indicating the parent company's intent to continue to support the company and not demand repayment of the loan for a period of at least 12 months from the date of the signed financial statements. The directors are satisfied that Turbocombustor Technology, Inc has the financial means not to demand repayment of this loan.”

Significant events

• “The company has been in a period of transition post-covid and is now well placed to take advantage of future growth opportunities in the aerospace market.”
• “In the prior year, management charges with a value of £928,993 were omitted from the profit and loss account. Management charges are now included in the prior year and current year. The impact on administrative costs for the year ended 31 December 2023 was to increase costs to £10,487,464 from £9,558,471. The impact on amounts owed to group undertakings at 1 January 2024 was to increase amounts owed to £11,882,993 from £10,954,000. The impact on the company's loss before tax for the year ended 31 December 2023 was to increase the loss to £2,549,993 from £1,621,000. The impact on retained earnings at 1 January 2024 was to reduce retained earnings to a deficit of £4,063,993 from £3,457,680.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.