Apex Tubulars Limited

Apex Tubulars Ltd, based in Westhill, UK, is a small, active company founded seventeen years ago. With six employees and £4,652,203 in assets, it operates from a real address and is led by three directors and a solo founder. The company regularly imports and exports iron or steel products, with nineteen months of import activity and thirty-nine months of export activity recorded.

Apex Tubulars specializes in supplying premium quality downhole casing, tubing, and accessories for the energy sector. Its website highlights a focus on the oilfield equipment market, offering a range of OCTG products and services, including restoration, and even boasting a global network spanning Africa, Europe, and the Middle East. The company emphasizes 24/7 customer care and high-quality products, catering to a variety of projects and industries.

Financially, Apex Tubulars shows some concerning trends. While revenue remained stable, net assets decreased significantly, falling 27% to £480,000. Bank borrowings increased dramatically by 140%, reaching £590,000, and cash reserves plummeted 58%, leaving just £220,000. Creditors also decreased by 63%, which could indicate better debt management, but the sharp decline in equity is a worry. The company meets the criteria for a small business, with turnover under £10.2 million and fewer than fifty employees. As a small company, it’s likely exempt from a full audit, so the financial data relies on unaudited director reports.

The increase in bank borrowings and the decrease in cash reserves suggest Apex Tubulars may be burning through money, although the decrease in creditors could be a positive sign. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company’s focus on customer service and global reach could help it weather the storm.

Registered in Scotland under the registration number SC331461, with a registered address at AB32 6FE, Scotland, Westhill, Suite 2, Level 1, Seabrokers House Prospect Road, Arnhall Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.