# PATERSON PRECISION ENGINEERING LIMITED (05353943)

> PATERSON PRECISION ENGINEERING LIMITED is an active private limited company (company number 05353943) incorporated on 5 February 2005, registered in Stevenage. Its registered activity is machining (SIC 25620). Latest small accounts cover the period ending 31 March 2025, showing net assets of −£265 and cash of £13k, with 0 employees on average. Net assets fell 362% on the prior period (£101).

- Status: Active
- Incorporated: 2005-02-05
- Registered office: Stevenage, SG1 2FP
- SIC 25620: Machining
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-02-19
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the bottom quarter of 2,066 comparable companies in the UK (median £37k, upper quartile £322k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | −£265 | £13k | £11k | £14k | — | — | 0 |
| 2024-03-31 | £101 | £3,774 | £23k | £15k | — | — | 0 |

current ratio 1.65; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-265 at 31 March 2025
- Net assets down 25% or more on the prior period: -362.4% vs prior period
- Current assets at least 1.5× creditors within one year: Current ratio 1.65
- Incorporated five or more years ago: Incorporated 5 February 2005

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Balbir Singh Randhawa — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/05353943
HTML: https://firmoscan.com/company/05353943-paterson-precision-engineering-limited