PREMIER CUTTING TOOLS LIMITED

Company number 02048693 · Active

PREMIER CUTTING TOOLS LIMITED is a private limited company registered in HULL, United Kingdom, incorporated on 21 Aug 1986. Its registered activity is wholesale of machine tools. Its latest published accounts for the period ending 31 Oct 2025 show equity of £162k, total assets of £660k. It has filed 7 sets of accounts. Our model estimates a 0.07 % probability that it becomes insolvent within 12 months, 0.6 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.07 %
Low risk
Lowest riskHighest risk

Higher than 91 % of active companies in the United Kingdom. 0.6× the average annual insolvency rate (0.12 %).

Raises the risk

Employees7.0×≥ 8 · 0.81 % became insolvent
Cash ÷ assets4.9×< 0.00304687 · 0.57 % became insolvent
Total assets (log)3.0×5.45007–6.05274 · 0.34 % became insolvent
Current liabilities ÷ assets2.9×0.523499–0.961567 · 0.33 % became insolvent
Current ratio2.4×1.20204–2.65202 · 0.28 % became insolvent
Equity ratio2.4×0.00404851–0.289275 · 0.28 % became insolvent

Lowers the risk

Accounts filed0.3×≥ 6 · 0.04 % became insolvent
Late filings0.8×0–1 · 0.09 % became insolvent
Accounts overdue0.8×0 · 0.09 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
02048693 · official register
Status
Active
Legal form
Private Limited Company
Incorporated
21 Aug 1986 (40 years)
Registered address
HU3 4RB HULL
Postcode area
Hull
Activity
46620 Wholesale of machine tools
Industry
Wholesale trade
Accounts overdue
No

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
31 Oct 202515 May 2026– –£162k£660k £497k£71010
31 Oct 202415 Mar 2025– –£183k£678k £494k£70410
31 Oct 202315 Mar 2024– –£230k£697k £466k£70510
31 Oct 202215 Mar 2023– –£248k£747k £497k£70410
31 Oct 202115 Feb 2022– –£272k£760k £487k£63210
31 Oct 202015 Feb 2021– –£243k£740k £495k£60510
31 Oct 201915 Jan 2020– –£234k£824k £589k£70212

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in Hull

Questions about PREMIER CUTTING TOOLS LIMITED

What is the company number of PREMIER CUTTING TOOLS LIMITED?

PREMIER CUTTING TOOLS LIMITED is registered under company number 02048693 in the official register of United Kingdom. View it at the official register.

Is PREMIER CUTTING TOOLS LIMITED still active?

Yes. PREMIER CUTTING TOOLS LIMITED is registered as active (status: Active).

Has PREMIER CUTTING TOOLS LIMITED gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for PREMIER CUTTING TOOLS LIMITED in the official data.

How likely is PREMIER CUTTING TOOLS LIMITED to become insolvent?

Our model estimates a 0.07 % probability that PREMIER CUTTING TOOLS LIMITED becomes insolvent within the next 12 months (low risk). That is higher than 91 % of active companies in the United Kingdom.

When was PREMIER CUTTING TOOLS LIMITED founded?

PREMIER CUTTING TOOLS LIMITED was incorporated on 21 Aug 1986.

Where is PREMIER CUTTING TOOLS LIMITED registered?

PREMIER CUTTING TOOLS LIMITED's registered address is in HU3 4RB HULL (Hull), United Kingdom.

What do the latest accounts of PREMIER CUTTING TOOLS LIMITED show?

The latest published accounts (period ending 31 Oct 2025) show equity of £162k, total assets of £660k, 10 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 8 Nov 2026.