North West Precision Limited
- In Administration
- Small
- 12 years
- 69 employees
- £3,258,204 (cur assets)
- 1m-15m
- Regular importer
- Regular exporter
- Virtual address
- 6 directors
- 2 owners
- Family business
- Manchester
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Social media
Summary
North West Precision Ltd from Birkenhead UK: a small, active company founded eleven years ago, employs sixty-nine people, and holds £2,705,106 in assets. It’s a family business with six directors and two owners, operating from a real address. The company regularly imports aircraft, spacecraft, and their parts (four months of imports) and exports them too (twenty-nine months of exports).
The company’s website highlights its expertise in manufacturing high-grade bespoke aerospace parts. They combine a skilled workforce and state-of-the-art machinery to deliver products right the first time, every time. Their 30 years of experience provides the know-how to meet customer requirements. The website also mentions a new website launch in 2012.
Financially, North West Precision Ltd’s numbers are a bit of a mixed bag. While bank borrowings have increased dramatically—by 12,000%—reaching £1,200,000, cash reserves have skyrocketed by 300,000% to £160,000. Creditors have also seen a huge jump, increasing by 18,000%, reaching £2,100,000. On the positive side, debtors have increased significantly, rising by 630%, reaching £1,800,000. Equity has improved too, with retained earnings accumulating losses growing by 180%. The company’s small size—meeting two of three conditions for being classified as small—helps it remain adaptable. As a small company, it's exempt from an audit, so the figures are unaudited.
The company’s financial data suggests it's experiencing a period of rapid growth, but it's also taking on significant debt. Whether this is a sustainable strategy remains to be seen, but the company’s expertise in aerospace parts and its family-run structure could give it an advantage in the long run.
The company operates in Processing & manufacturing → Air & spacecraft.
Registered in England/Wales under the registration number 08737213, with a registered address at M3 5EN, Manchester, Riverside House, Irwell Street.
WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Owners & PSC
-
Individual
- 3 years
- 3
- 25%+
-
Resident of United Kingdom
-
Individual
- 3 years
- 2
- 25%+
-
Resident of United Kingdom
Managers
-
Individual
- 3 years
- 2
-
Resident of United Kingdom
-
Individual
- 3 years
- 2
-
Resident of United Kingdom
-
Individual
- 3 years
-
Resident of United Kingdom
-
Individual
- 3 years
- 2
-
Resident of United Kingdom
-
Individual
- 3 years
-
Resident of United Kingdom
Last reports
The latest confirmation statement submitted five months ago.
Last news
-
Statement of affairs with form AM02SOA/AM02SOCDownload 12 pages pdf report
-
Notice of deemed approval of proposalsDownload 3 pages pdf report
-
Statement of administrator's proposalDownload 73 pages pdf report
Importer profile by HS codes
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Import HS codes in detail
Last imported products
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* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
Exporter profile by HS codes
Click on the map to see detailed UK statistics on HS code, including companies list.
Export HS codes in detail
Last exported products
Click on items to see detailed UK statistics on HS code, including companies list.
* Warning: Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.
FAQ about North West Precision Limited
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