Imi Precision Engineering Limited
Private Limited Company · Birmingham
ActiveUnited KingdomIncorporated 1982Private Limited Company
Financial position
Accounts to 2025-12-31 · EUR · Company accounts
Net assets
EUR 6,575,000
Cash
EUR 6,863,000
Turnover
EUR 386,659,000
Profit / loss
EUR 5,100,000
Current assets
EUR 66,024,000
Creditors < 1 year
EUR 68,009,000
Equity
EUR 6,575,000
Average employees
66
Balance-sheet trend
EUR · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | EUR 6,575,000 | EUR 10,997,000 |
| Equity | EUR 6,575,000 | EUR 10,997,000 |
| Share capital | EUR 412,000 | EUR 412,000 |
| Retained earnings | EUR 6,158,000 | EUR 10,580,000 |
| Assets | ||
| Fixed assets | EUR 8,560,000 | EUR 12,177,000 |
| Intangible assets | EUR 7,287,000 | EUR 10,542,000 |
| Property, plant & equipment | EUR 1,273,000 | EUR 1,635,000 |
| Current assets | EUR 66,024,000 | EUR 91,870,000 |
| Cash at bank | EUR 6,863,000 | EUR 6,411,000 |
| Debtors | EUR 24,647,000 | EUR 55,222,000 |
| Stock | EUR 33,398,000 | EUR 29,927,000 |
| Liabilities | ||
| Creditors within one year | EUR 68,009,000 | EUR 92,156,000 |
| Net current assets | −EUR 1,985,000 | −EUR 1,180,000 |
| Profit & loss | ||
| Turnover | EUR 386,659,000 | EUR 417,756,000 |
| Cost of sales | EUR 287,534,000 | EUR 274,583,000 |
| Gross profit | EUR 99,125,000 | EUR 143,173,000 |
| Distribution costs | EUR 14,194,000 | EUR 14,861,000 |
| Administrative expenses | EUR 76,137,000 | EUR 114,509,000 |
| Operating profit | EUR 8,794,000 | EUR 13,803,000 |
| Interest receivable | EUR 1,643,000 | — |
| Interest payable | EUR 426,000 | — |
| Profit before tax | EUR 10,011,000 | EUR 13,188,000 |
| Tax | EUR 4,911,000 | EUR 3,991,000 |
| Profit / loss | EUR 5,100,000 | EUR 9,197,000 |
| Dividends | EUR 9,522,000 | EUR 12,444,000 |
| Operating costs | ||
| Depreciation | EUR 380,000 | EUR 436,000 |
| Amortisation | EUR 3,766,000 | EUR 4,051,000 |
| People & pay | ||
| Average employees | 66 | 79 |
| Staff costs | EUR 12,627,000 | EUR 15,490,000 |
| Wages & salaries | EUR 8,231,000 | EUR 11,167,000 |
| Social security costs | EUR 1,305,000 | EUR 1,438,000 |
| Pension costs | EUR 782,000 | EUR 691,000 |
| Directors' remuneration | EUR 1,303,000 | EUR 440,000 |
| Highest paid director | EUR 785,000,000 | EUR 298,000,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Comparatives
- Prior-year figures were restated
- Principal activity
- The Company's principal activities are (i) to provide global leadership to the companies in the Platform, (ii) to provide strategic and functional services (including product development, HR, legal, pricing, operations and lean, procurement, finance, marketing, logistics, systems development and IT) to those companies and (iii) the control and distribution of finished stocks of the Platform, mainly in Europe, including the majority of imports into and exports from this region
- What it does
- global leadership · strategic and functional services · product development · procurement · finance · logistics · systems development and IT · control and distribution of finished stocks (AI keywords)
- The year
- The Company recorded sales of €387m compared to €418m in 2025 due to lower volumes through the distribution centre and a reduction in services provided by the Company to other companies within the Platform. Operating profit in the year was €8.8m compared to €13.8m in the prior year. Profit before tax decreased to €10,011,000 (2024 €13,188,000)
- Outlook
- The Company anticipates that it will continue to pursue its principal activities for the foreseeable future
- Audit
- Subsidiary audit exemption, parent guarantee (s479A)
- Immediate parent
- IMI Kynoch Limited · England and Wales
- Ultimate parent
- IMI plc
- Accounts
- FRS 101
- Approved
- 2026-05-05, signed by Helen Wareham
Turnover by segment (6)
- UK: 23,342 (000s) (2025-12-31)
- UK: 19,188 (000s) (2024-12-31)
- Rest of Europe: 287,041 (000s) (2025-12-31)
- Rest of Europe: 302,466 (000s) (2024-12-31)
- Rest of World: 76,276 (000s) (2025-12-31)
- Rest of World: 96,102 (000s) (2024-12-31)
Share classes (1)
- 400,000 Ordinary shares of £1 each of £1
Principal risks (4)
- The Company's sales are reliant on the European pneumatics market
- The Company sells its products solely to intergroup customers and therefore does not bear any third-party credit risk
- The Company sells its products into international markets and it is therefore exposed to currency movements on such sales
- The Company is financed by IMI plc
Contingent liabilities (1)
- There is a right of set off with the Company's bankers relating to the balances of the Company, its parent and certain of its fellow wholly owned United Kingdom undertakings with that bank. The Company's maximum liability is limited to the extent of its current account cash balance
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesShow 3 satisfied / released
Unknown · created 1992-01-24 · satisfied 1999-06-22
All monies
SatisfiedUnknown · created 1989-07-28 · satisfied 1992-02-06
All monies
SatisfiedUnknown · created 1983-03-28 · satisfied 1992-02-06
All monies
Satisfied