Company Overview
Precision Cutting Ltd. is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 12 January 1994, so this is a well established company. Precision Cutting Ltd. has been in business for 32 years and 2 months. The accounts status is total exemption full and the accounts are next due on Friday 31 July 2026.
Registered Address

Unit 2 Sunset Farm Mayfield Road, Cross In Hand, Heathfield, East Sussex, TN21 0UJ
Credit Reports Available

These credit rating reports are available now:


Credit Analysts Report
Get Report >>

Standard Credit Report
Get Report >>

Basic Credit Report
Get Report >>

24/7 credit rating data feed - no UK company credit reports are updated faster

Companies House Data
Company NamePRECISION CUTTING LTD.
Company Number02887048
Registered Office AddressUnit 2 Sunset Farm Mayfield Road
 Cross In Hand
 TN21 0UJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date12/01/1994
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date15/03/2017
Returns Last Made Up Date15/02/2016
Directors & Members
Show Resigned
Liam Hornby-Gray - Director
(British, 34 years old, born April 1992)
Appointed 28 April 2016
 Active
Joshua Hornby-Gray - Director
(British, 41 years old, born October 1985)
Appointed 28 April 2016
 Active
Secretaries
Show Resigned
Other Company Directorships
Liam Hornby-Gray
No companies found
Joshua Hornby-Gray
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 81,736 81,736 18,862
Current Assets 273,115 273,115 341,848
Creditors Due Within One Year 108,965 108,965 136,954
Working Cap 164,150 164,150 204,894
Total Assets Less Current Liabilities 245,886 245,886 223,756
Long-term Liabilities - - -
Net Assets - - -
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds - - -
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 23.0% 23.0% 5.2%
Stocks Inventory - - -
Debtors 28.8% 28.8% 64.1%
Cash Bank In Hand 41.4% 41.4% 24.0%
Current Assets 77.0% 77.0% 94.8%
Creditors Due Within One Year 30.7% 30.7% 38.0%
Net Current Assets Liabilities 46.3% 46.3% 56.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds - - -
Capital Employed - - -
Total Assets Less Current Liabilities 69.3% 69.3% 62.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 2.5 2.5 2.5
Solvency Ratio - - -
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 354,851 354,851 360,710
Debt - - -
Net Assets/Debt - - -

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around TN21 0UJ
HAMMERTON'S LIMITED
Boundary House, Cowbeech, Hailsham, TN21 0UJ
WILDERNESS PR LTD
THE OAST HOUSE, DUDDESLAND FARM HEATHFIELD ROAD, CROSS IN HAND, HEATHFIELD, EAST SUSSEX, TN21 0UJ
PURE POWER GYM WEAR LIMITED
The Barn Dudsland Farm, Cross In Hand, Heathfield, TN21 0UJ
Document Filings
Confirmation statement made on 31 January 2026 with no updates
Confirmation statement made on 31 January 2025 with updates
Statement of capital following an allotment of shares on 30 April 2024
Statement of capital following an allotment of shares on 30 April 2024
Confirmation statement made on 31 January 2024 with updates
Confirmation statement made on 31 January 2023 with updates
Confirmation statement made on 31 January 2022 with updates
Confirmation statement made on 1 February 2021 with updates
Confirmation statement made on 15 February 2020 with updates
Director's details changed for Mr Liam James Hornby-Gray on 1 February 2020
Change of details for Mr Liam James Hornby-Gray as a person with significant control on 1 February 2020
Notification of Liam James Hornby-Gray as a person with significant control on 1 November 2019
Notification of Joshua Finn Hornby-Gray as a person with significant control on 1 November 2019
Cessation of John Eric Hornby as a person with significant control on 1 November 2019
Termination of appointment of John Eric Hornby as a director on 1 November 2019
Confirmation statement made on 15 February 2019 with updates
Terms and Conditions Cancellations Contact Us

In using this service you agree to the Terms and Conditions

© 2026 Check Free