Challenge Pipeline Supplies Limited

Challenge Pipeline Supplies Ltd, based in Chester, UK, is a small holding company with an active status, established eight years ago in 2016. The company employs just two people and holds £520,679 in assets, operating from a virtual address shared by thirteen other companies. It's led by two directors and has one owner, although this list may not be exhaustive. The business irregularly imports and exports electrical machinery and equipment, with recent activity recorded in May 2023 for imports and September 2023 for exports.

The company's website, Challenge Pipeline Supplies Ltd, showcases a focus on induction heating solutions, positioning itself as an innovator in the industry. It highlights custom-made induction coils and emphasizes on-time delivery and budget adherence. The site also features a video and contact information, including a [email protected] email address and a phone number. It’s proudly created with Wix.com, suggesting a modern, digitally-driven approach.

Financially, Challenge Pipeline Supplies Ltd presents a mixed picture. While cash reserves increased by 88% to £450,000, net assets decreased by 10% to £99,000. Trade debtors saw a significant drop of 73%, falling to £38,000, which could indicate improved collections or reduced sales. However, other creditors surged by 91%, reaching £590,000—a potential sign of increased short-term obligations. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company. The company’s average number of employees decreased by 50% to just one. Overall, the company appears to be managing, but the increase in creditors warrants close monitoring.

Registered in England/Wales under the registration number 10401632, with a registered address at CH1 2AU, Chester, Cheshire, 24 Nicholas Street.

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