PRECISION COMPONENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-17 (in 2mo)
Last made up 2025-07-03
Watchouts
Cash
£4M
+51.1% vs 2023
Net assets
-£3M
-3.3% vs 2023
Employees
36
-10% vs 2023
Profit before tax
-£22K
+97% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company reported a loss of £83k for the year ended 2024 and was in a net current liabilities position of £3.88m and net liabilities of £2.59m. ... a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Nevertheless, the directors believe it remains appropriate to prepare the financial statements on a going concern basis.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £3,949,263 | £4,364,066 | |
| Operating profit | — | — | — | — | — | -£723,051 | -£12,900 | |
| Profit before tax | — | — | — | — | — | -£744,492 | -£22,051 | |
| Net profit | — | — | — | — | — | -£744,492 | -£83,173 | |
| Cash | — | — | — | — | — | £2,924,132 | £4,417,384 | |
| Total assets less current liabilities | — | — | — | — | — | -£2,074,261 | -£2,161,501 | |
| Net assets | — | — | — | — | — | -£2,505,748 | -£2,588,921 | |
| Equity | -£1,213,075 | -£1,479,203 | -£439,938 | -£79,878 | -£1,761,256 | -£2,505,748 | -£2,588,921 | |
| Average employees | — | — | — | — | — | 40 | 36 | |
| Wages | — | — | — | — | — | £1,153,937 | £1,157,542 | |
| Directors' remuneration | — | — | — | — | — | £94,941 | £59,709 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+10.5%
£3,949,263 £4,364,066
-
Cash
+51.1%
£2,924,132 £4,417,384
-
Net assets
-3.3%
-£2,505,748 -£2,588,921
-
Employees
-10%
40 36
-
Operating profit
+98.2%
-£723,051 -£12,900
-
Profit before tax
+97%
-£744,492 -£22,051
-
Wages
+0.3%
£1,153,937 £1,157,542
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -18.3% | -0.3% | |
| Net margin | — | — | — | — | — | -18.9% | -1.9% | |
| Return on capital employed | — | — | — | — | — | 34.9% | 0.6% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 223.3% | 128.6% | |
| Current ratio | — | — | — | — | — | 0.62x | 0.65x | |
| Interest cover | — | — | — | — | — | -33.72x | -1.41x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Shinewing Wilson Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company reported a loss of £83k for the year ended 2024 and was in a net current liabilities position of £3.88m and net liabilities of £2.59m. ... a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. Nevertheless, the directors believe it remains appropriate to prepare the financial statements on a going concern basis.”
Significant events
- “During the year, the company received a waiver for amounts owed to group undertakings of £371,398 (2023: £83,737), as well as agreeing to waive amounts owed by group undertakings of £661,044 (2023: £58,006). this resulted in a loss of £289,645 (2023: £25,731).”
- “The HSBC loan facility was renewed on 16 June 2025 for a further 12 months, supported by collateral provided by the ultimate parent, CQME.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 15 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| NEARY, Laurence John | Secretary | 2013-06-20 | — | — |
| CARR, Colin Steven | Director | 2011-09-15 | Jul 1964 | British |
| NEARY, Laurence John | Director | 2022-07-29 | Jun 1971 | British |
Show 15 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DRABBLE, Peter | Secretary | 2007-06-25 | 2010-06-15 |
| EMERY, Ian Robert | Secretary | 2011-12-20 | 2012-10-31 |
| BANNAN, Anthony James | Director | 2009-01-29 | 2022-07-29 |
| CHEN, Yu | Director | 2013-06-20 | 2017-03-06 |
| FRANCKEL, Mark Bernard | Director | 2007-06-25 | 2010-06-15 |
| HENG, Dechao | Director | 2015-08-31 | 2016-07-15 |
| LIANGLIANG, Tang | Director | 2016-07-15 | 2017-03-06 |
| LIU, Chunmei | Director | 2010-06-15 | 2013-06-20 |
| LORD, Stephen John William | Director | 2008-10-17 | 2010-06-15 |
| MAHER, Adam Antony | Director | 2007-07-11 | 2009-11-13 |
| QIN, Shaobo | Director | 2018-08-16 | 2019-10-11 |
| SUN, Wenguang | Director | 2017-03-06 | 2018-08-16 |
| SUN, Xilin | Director | 2013-06-20 | 2015-07-29 |
| WU, Kai | Director | 2017-03-06 | 2020-09-27 |
| YUAN, Bin | Director | 2010-06-15 | 2013-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Precision Technologies Group (Ptg) Ltd | Corporate entity | Significant influence | 2019-01-01 | Active |
Filing timeline
Last 20 of 84 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-04 | AA | accounts | Accounts with accounts type full | |
| 2025-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-13 | AA | accounts | Accounts with accounts type full | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2023-08-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-08 | AP01 | officers | Appoint person director company with name date | |
| 2022-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2022-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-14 | AA | accounts | Accounts with accounts type full | |
| 2021-09-14 | AA | accounts | Accounts with accounts type full | |
| 2021-08-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-28 | TM01 | officers | Termination director company with name termination date | |
| 2020-08-20 | AA | accounts | Accounts with accounts type full | |
| 2020-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-27 | TM01 | officers | Termination director company with name termination date | |
| 2019-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-05-08 | AA | accounts | Accounts with accounts type full | |
| 2019-01-15 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2019-01-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.