PRECISION COMPONENTS LIMITED
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Cash
£7.3m
+65.4% highest in 6 filed years
Net assets
-£2.6m
-1.9% lowest in 6 filed years
Employees
36
0% vs 2024
Profit before tax
-£49k
-123.8% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
We draw attention to Note 2 in the financial statements, which indicates that the company incurred a loss of £48k for the year ended 2025 and, as of that date, the company was in a net current liabilities position of £3.57m and net liabilities of £2.63m. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncerta
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £3,257,134 | £3,423,076 | £4,446,444 | £3,949,263 | £4,364,066 | £4,971,849 | +13.9% | |
| Operating profit | £1,103,571 | £443,855 | -£1,619,788 | -£723,051 | -£12,900 | -£56,406 | -337.3% | |
| Profit before tax | £1,081,205 | £416,146 | -£1,644,563 | -£744,492 | -£22,051 | -£49,346 | -123.8% | |
| Net profit | £1,039,265 | £360,060 | -£1,681,378 | -£744,492 | -£83,173 | -£48,160 | +42.1% | |
| Cash | £666,042 | £737,722 | £768,982 | £2,924,132 | £4,417,384 | £7,307,469 | +65.4% | |
| Total assets less current liabilities | £272,927 | £527,073 | -£1,262,949 | -£2,074,261 | -£2,161,501 | -£2,274,227 | -5.2% | |
| Net assets | -£439,938 | -£79,878 | -£1,761,256 | -£2,505,748 | -£2,588,921 | -£2,637,081 | -1.9% | |
| Equity | -£439,938 | -£79,878 | -£1,761,256 | — | — | -£2,637,081 | — | |
| Average employees | 46 | 42 | 44 | 40 | 36 | 36 | 0% | |
| Wages | — | — | — | £1,153,937 | £1,157,542 | £1,245,666 | +7.6% | |
| Directors' remuneration | £74,610 | £87,259 | £86,330 | £94,941 | £59,709 | £111,049 | +86% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 33.9% | 13.0% | -36.4% | -18.3% | -0.3% | -1.1% | |
| Net margin | 31.9% | 10.5% | -37.8% | -18.9% | -1.9% | -1.0% | |
| Return on capital employed | 404.3% | 84.2% | — | — | — | — | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 121.7% | |
| Current ratio | — | — | — | 0.62x | 0.65x | 0.75x | |
| Interest cover | 48.58x | 16.02x | -65.38x | -33.72x | -1.41x | -8.87x |
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
“We draw attention to Note 2 in the financial statements, which indicates that the company incurred a loss of £48k for the year ended 2025 and, as of that date, the company was in a net current liabilities position of £3.57m and net liabilities of £2.63m. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncerta”
Significant events
- “Unlimited Multilateral Guarantee dated 21 December 2011 given to HSBC by Milnrow Investments Limited, Holroyd Precision Ltd, Precision Components Limited and PTG Heavy Industries Limited.”
- “Company Guarantee dated 02 November 2020 given by The Company Secretary, Chongqing Machinery & Electric Co.”
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 86 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-04 | AA | accounts | Accounts with accounts type full | |
| 2026-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.