Company Overview
Precision Tooling Services Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 18 June 1985, so this is a well established company. Precision Tooling Services Limited has been in business for 40 years and 9 months. The accounts status is medium and the accounts are next due on Wednesday 30 September 2026.
Registered Address

10 Spirit Aero Systems Europe Ltd, Prestwick International Airport, Prestwick, Ayrshire, KA9 2RW
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Companies House Data
Company NamePRECISION TOOLING SERVICES LIMITED
Company NumberSC093877
Registered Office Address10 Spirit Aero Systems Europe Ltd
 Prestwick International Airport
 KA9 2RW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date18/06/1985
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryMEDIUM
Returns Next Due Date28/02/2017
Returns Last Made Up Date31/01/2016
Directors & Members
Show Resigned
David Armour - Director
(British, 60 years old, born January 1966)
Appointed 30 September 2019
 Active
Gary Brese - Director
(British, 36 years old, born March 1990)
Appointed 30 September 2019
 Active
Peter Currie - Director
(British, 68 years old, born May 1958)
Appointed 30 September 2019
 Active
Brian Taggart - Director
(British, 56 years old, born October 1970)
Appointed 30 September 2019
 Active
Secretaries
Show Resigned
Other Company Directorships
David Armour
AG CONCEPTS LIMITED
ANDERSON STEWART (CASTINGS) LIMITED
ASANTI DATACENTRES LIMITED
GLEN FOUNDRY LIMITED
J & L CORRIGAN LIMITED
PRECISION TOOLING AND CASTINGS LIMITED
Gary Brese
ADVANCED MANUFACTURING CENTRE LIMITED
AG CONCEPTS LIMITED
ANDERSON STEWART (CASTINGS) LIMITED
GLEN FOUNDRY LIMITED
J & L CORRIGAN LIMITED
PRECISION TOOLING AND CASTINGS LIMITED
Peter Currie
ADVANCED MANUFACTURING CENTRE LIMITED
AG CONCEPTS LIMITED
ANDERSON STEWART (CASTINGS) LIMITED
BUSINESS EXCELLENCE AYRSHIRE LIMITED
ECM CONCEPTS LIMITED
GLEN FOUNDRY LIMITED
J & L CORRIGAN LIMITED
PRECISION TOOLING AND CASTINGS LIMITED
PRECISION TOOLING AND CASTINGS TRUSTEES LIMITED
SCOT-WEST TRAINING SERVICES LIMITED
WINCOMBLEE ROAD 2016 LIMITED
Brian Taggart
ADVANCED MANUFACTURING CENTRE LIMITED
AG CONCEPTS LIMITED
ANDERSON STEWART (CASTINGS) LIMITED
ECM CONCEPTS LIMITED
GLEN FOUNDRY LIMITED
J & L CORRIGAN LIMITED
PRECISION TOOLING AND CASTINGS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Balance Sheet
Fixed Assets 1,519,828 1,519,828 1,614,144
Current Assets 3,567,168 3,567,168 2,712,333
Creditors Due Within One Year 652,670 652,670 505,910
Working Cap 2,914,498 2,914,498 2,206,423
Total Assets Less Current Liabilities 4,434,326 4,434,326 3,820,567
Long-term Liabilities 0 0 265,918
Net Assets 4,434,326 4,434,326 3,554,649
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 4,434,326 4,434,326 3,554,649
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Tangible Fixed Assets - - -
Fixed Assets 29.9% 29.9% 37.3%
Stocks Inventory - - -
Debtors 65.9% 65.9% 59.0%
Cash Bank In Hand 0.3% 0.3% 2.1%
Current Assets 70.1% 70.1% 62.7%
Creditors Due Within One Year 12.8% 12.8% 11.7%
Net Current Assets Liabilities 57.3% 57.3% 51.0%
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 87.2% 87.2% 82.2%
Capital Employed - - -
Total Assets Less Current Liabilities 87.2% 87.2% 88.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Liquidity Ratio 5.5 5.5 5.4
Solvency Ratio 7.8 7.8 5.6
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 10
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 7
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2021 31-Dec-2020
Assets 5,086,996 5,086,996 4,326,477
Debt 652,670 652,670 771,828
Net Assets/Debt 4,434,326 4,434,326 3,554,649

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   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 appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

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 KA9 2RW
ORBITAL ACCESS (SERVICES) LIMITED
Building #1, Palace Of Engineering, Spirit Aerosystems Campus, Monkton, Ayrshire, KA9 2RW
J & L CORRIGAN LIMITED
10 Spirit Aero Systems, Prestwick International Airport, Prestwick, Ayrshire, KA9 2RW
JETSTREAM AIRCRAFT LIMITED
PRESTWICK INTERNATIONAL AIRPORT, PRESTWICK, AYRSHIRE, KA9 2RW
SCOTTISH AVIATION LIMITED
PRESTWICK INTERNATIONAL AIRPORT, PRESTWICK, AYRSHIRE, KA9 2RW
H.I.E. LTD.
BUILDING 14 TARBOLTON ROAD, MONKTON, PRESTWICK, KA9 2RW
AYRSHIRE INNOVATIONS LIMITED
10 Spirit Aero Systems Europe, Prestwick International Airport, Prestwick, Ayrshire, KA9 2RW
ORBITAL AVIATION LIMITED
Suite 208 Liberator House, Prestwick International Airport, Prestwick, Ayrshire, KA9 2RW
Document Filings
Confirmation statement made on 31 January 2026 with no updates
Confirmation statement made on 31 January 2025 with no updates
Confirmation statement made on 31 January 2024 with no updates
Amended accounts for a small company made up to 31 December 2021
Confirmation statement made on 31 January 2023 with no updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 31 January 2022 with no updates
Confirmation statement made on 31 January 2021 with no updates
Confirmation statement made on 31 January 2020 with no updates
Satisfaction of charge SC0938770006 in full
Satisfaction of charge 5 in full
Registration of charge SC0938770012, created on 3 October 2019
Satisfaction of charge SC0938770009 in full
Satisfaction of charge SC0938770008 in full
Termination of appointment of Allan Frederick Brese as a director on 3 October 2019
Termination of appointment of Graham Ross as a director on 3 October 2019
Termination of appointment of Allan Frederick Brese as a secretary on 3 October 2019
Appointment of Brian James Taggart as a director on 30 September 2019
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