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Company No. 02928395 · Incorporated 12 May 1994

Precision Products (UK) Limited

Registered name: PRECISION PRODUCTS (UK) LIMITED

Part of Indutrade Ab group

Precision Products (UK) Limited made £4.2m revenue and a £1m loss in the year to 31 Dec 2024. read from filing text

Precision Products (UK) Limited’s revenue fell 35% to £4.2m in the year to 31 Dec 2024, with a loss of £1m and 53 employees. The company is classified under “manufacture of other fabricated metal products” and is based in Chesterfield; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25990Manufacture of other fabricated metal products n.e.c.
Status
Active
Location
Chesterfield, Yorkshire and The Humber
Age
32 yrs · since 1994
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The ultimate parent undertaking and controlling party is lndutrade AB, a company incorporated in Sweden. The consolidated financial statements of lndutrade AB are available to the public and may be ob”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue
£4.2m
Growth ▼34.9%
Profit
−£1m
Growth —
Profit margin
−24.6%
Gross 3.5%
Employees
53
Change ▼24.3%
Profit / employee
−£19.4k
Revenue/employee £79.1k
Profitable streak
0yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£12.3m£6.4m£4.2m
Cost of sales£9m£6m£4m
Gross profit£3.3m£420k£146k
Operating profit£573k−£2.4m−£2m
Profit before tax£444k−£2.7m−£2.4m
Profit after tax£374k−£2m−£1m
Profit (best available)£374k−£2m−£1m
Staff costs£4.6m£3.7m£2.5m
Employees (average)1017053
Ratios
Profit margin3%−31.2%−24.6%
Gross margin26.7%6.5%3.5%
Revenue per employee£122k£92.1k£79.1k
Profit per employee£3.7k−£28.7k−£19.4k
Growth (year on year)
Revenue growth—▼47.5%▼34.9%
Profit growth—▼638.3%—
Headcount growth—▼30.7%▼24.3%
Balance sheet — indirect signals, not revenue
Cash at bank£1.5k£2.3k£1.1k
Net assets£4.1m£2.1m£1.1m
Fixed assets£6.3m£5.8m£5.4m
Current assets£5.3m£2.5m£2.5m
Debtors£2.7m£1.1m£829k
Deferred income£812k£249k£287k
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
−24.6%
Profit ÷ revenue.
Gross margin
3.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£79.1k
Revenue ÷ average employees.
Profit per employee
−£19.4k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
127.6%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
6.8%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
19.8%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▼49%
Now £1.1m
Cash at bank
▼52%
Now £1.1k
Headcount
▼24%
Now 53
Deferred income
▲15%
Now £287k
Fixed assets
▼7%
Now £5.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Indutrade Ab (registered outside the UK register)ultimate parent75–100%
  2. Indutrade UK Limited75–100%
  3. Precision Products (UK) Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (24)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.