PRECISE BOOKS LIMITED

Executive Summary

Precise Books Limited is a micro-entity operating within the UK bookkeeping and accounting sector, maintaining a stable but minimal financial footprint typical of owner-managed micro firms. While stable, its small scale and lack of employees position it as a niche player vulnerable to competitive pressures from technology-driven and diversified accounting practices. The company’s future prospects hinge on adapting to digitization trends and potentially expanding service offerings to remain competitive in a dynamic sector.

PRECISE BOOKS LIMITED - Analysis Report

Company Number: 13183068

Analysis Date: 2025-07-29 20:25 UTC

1. Industry Classification
   Precise Books Limited operates primarily under SIC codes 69201 and 69202, which correspond to "Accounting and auditing activities" and "Bookkeeping activities," respectively. This places the company within the professional services sector focused on financial record keeping, statutory compliance, and audit facilitation. Key characteristics of this sector include reliance on skilled labor, regulatory compliance expertise, and a generally stable demand driven by statutory filing requirements and business accounting needs.

2. Relative Performance
   As a micro-entity, Precise Books Limited reports minimal financial scale: net assets stand at £458 for the financial year ending February 2025, with very modest current assets (£629) and liabilities (£171). This is typical for micro-entities in the bookkeeping and accounting niche that often operate as small, owner-managed firms with low capital intensity. Compared to typical industry metrics, which can range widely but usually see firms with tens or hundreds of thousands in revenue and assets for small to medium-sized practices, Precise Books Limited is at the smallest end of the spectrum. The company employs no staff, indicating it is likely owner-operated or reliant on outsourcing. Its consistent asset position over multiple years suggests stability but limited growth or scaling.

3. Sector Trends Impact
   The accounting and bookkeeping sector in the UK is influenced by several trends: increasing digitization and automation through cloud accounting software (e.g., Xero, QuickBooks), regulatory changes such as Making Tax Digital (MTD), and a shift toward advisory services beyond compliance. Micro-sized bookkeeping firms face pressure to adopt technology to remain competitive and meet client expectations for real-time reporting and efficiency. Additionally, the sector is relatively resilient to economic cycles but must navigate evolving standards and client demand for integrated financial services.

4. Competitive Positioning
   Precise Books Limited appears to be a niche micro-entity player within the bookkeeping segment. Strengths likely include low overheads and direct control by a single significant shareholder (Mrs. Loraine April Morrell), which can enable agile decision-making. The very small scale and lack of employees limit the company’s ability to serve larger clients or diversify service offerings relative to typical small-to-medium accounting firms that employ multiple staff and offer a suite of advisory services. Without evidence of revenue growth or diversification, the company risks being outpaced by competitors leveraging technology and broader financial consulting capabilities. However, its simplicity and micro status may suit a targeted local or very small business clientele seeking basic bookkeeping.