Company Overview
Precision Financial Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Friday 27 September 2013, so this is a well established company. Precision Financial Limited has been in business for 12 years and 6 months. The accounts status is micro entity and the accounts are next due on Sunday 31 December 2023.
Registered Address

Suite B Blackdown House, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX
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Companies House Data
Company NamePRECISION FINANCIAL LIMITED
Company Number08708324
Registered Office AddressSuite B Blackdown House
 Blackbrook Park Avenue
 TA1 2PX
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date27/09/2013
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2023
Accounts Last Made Up Date31/03/2022
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date29/03/2017
Returns Last Made Up Date29/02/2016
Previous Company NameChanged Date
THINK FINANCE LIMITED22 Jan 2016
SBM FINANCIAL SOLUTIONS LIMITED19 Aug 2015
Directors & Members
Show Resigned
Bhupinder Sidhu - Director
(British, 56 years old, born January 1970)
Appointed 04 September 2014
 Active
Secretaries
Show Resigned
Other Company Directorships
Bhupinder Sidhu
SAVE BRITAIN MONEY LTD
VERACO LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Balance Sheet
Fixed Assets 0 0 0
Current Assets 9,149 4,530 6,268
Creditors Due Within One Year -63,484 -45,774 -50,109
Working Cap 72,633 50,304 56,377
Total Assets Less Current Liabilities 72,633 50,304 56,377
Long-term Liabilities 223,553 188,014 171,017
Net Assets 169,218 146,770 127,176
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 169,218 146,770 127,176
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year -693.9% -1010.5% -799.4%
Net Current Assets Liabilities 793.9% 1110.5% 899.4%
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 1849.6% 3240.0% 2029.0%
Capital Employed - - -
Total Assets Less Current Liabilities 793.9% 1110.5% 899.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Liquidity Ratio -0.1 -0.1 -0.1
Solvency Ratio 0.1 0.0 0.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Assets 9,149 4,530 6,268
Debt 160,069 142,240 120,908
Net Assets/Debt 169,218 146,770 127,176
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

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
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Document Filings
Liquidators' statement of receipts and payments to 4 July 2025
Resignation of a liquidator
Registered office address changed from 2 the Crescent Taunton Somerset TA1 4EA to Suite B Blackdown House Blackbrook Park Avenue Taunton Somerset TA1 2PX on 5 February 2025
Liquidators' statement of receipts and payments to 4 July 2024
Statement of affairs
Registered office address changed from Tech Hub 221 High Street Swansea SA1 1NW Wales to 2 the Crescent Taunton Somerset TA1 4EA on 19 July 2023
Appointment of a voluntary liquidator
Resolutions
Termination of appointment of Jeffrey Owen as a director on 15 June 2023
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 28 February 2022 with no updates
Confirmation statement made on 28 February 2021 with no updates
Confirmation statement made on 29 February 2020 with updates
Confirmation statement made on 28 February 2019 with no updates
Registered office address changed from 5th Floor, West Glamorgan House 12 Orchard Street Swansea SA1 5AD United Kingdom to Tech Hub 221 High Street Swansea SA1 1NW on 8 April 2019
Confirmation statement made on 28 February 2018 with no updates
Confirmation statement made on 28 February 2017 with updates
Termination of appointment of Richard John Angliss as a director on 11 August 2016
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