{"name":"PARKER PRECISION LIMITED","company_number":"00638576","status":"Active","type":"Private Limited Company","incorporated":"1959-10-01","dissolved":null,"registered_office":"Vulcan Works, Vulcan Road, Bilston, Staffs, WV14 7HW","postcode":"WV14 7HW","sic_codes":[{"code":30300,"description":"Manufacture of air and spacecraft and related machinery"}],"principal_activity":null,"previous_names":[{"name":"PARKER BROS (PRECISION ENGINEERS) LIMITED","changed_on":"2000-02-02"}],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"8 December","last_made_up_to":"2024-12-31","next_due":"2026-11-24"},"employees":{"count":39,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","net_assets":3642517,"cash":145106,"average_employees":39},{"financial_date":"2023-12-31","net_assets":3271069,"cash":164343,"average_employees":39},{"financial_date":"2022-12-31","net_assets":2990527,"cash":165165},{"financial_date":"2021-12-31","net_assets":2986634,"cash":326385},{"financial_date":"2020-12-31","net_assets":3580493,"cash":810650}],"officers":{"current":3,"resigned":8,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":8,"outstanding":6},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Parker Precision Limited demonstrates the hallmarks of a well-established West Midlands aerospace precision manufacturer — strong asset backing, consistent profitability, and recent capital investment indicating confidence in forward demand. However, the sustained erosion of cash reserves over nine years, coupled with a five-fold increase in invoice discounting facilities, signals working capital pressures that warrant monitoring, particularly as interest rates increase debt servicing costs on the £699K long-term liability book. The recent appointment of [name withheld] as corporate director and departure of [name withheld] family members from governance roles suggests a significant strategic transition underway, the outcome of which will materially shape the company's competitive positioning within the UK aerospace supply chain.","website":"https://parkerprecision.co.uk/","links":{"page":"https://www.companiesintheuk.co.uk/ltd/parker-precision","people":"https://www.companiesintheuk.co.uk/company/parker-precision/people","filing_history":"https://www.companiesintheuk.co.uk/company/parker-precision/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/00638576","financials":"https://www.companiesintheuk.co.uk/company/parker-precision/financial","control":"https://www.companiesintheuk.co.uk/company/parker-precision/control","charges":"https://www.companiesintheuk.co.uk/company/parker-precision/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/parker-precision/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/parker-precision"}