Peseco Limited

Peseco Ltd from Aberdeen, UK, is a large, active company established 26 years ago. With eight employees and £6,312,966 in assets, it’s a significant player in its sector. The company, solo founded, is managed by three directors and has one owner, Duijndam Bart Edward. Its Google rating sits at a modest 3.0 based on just one review. Peseco regularly imports iron or steel products (9 months) and exports machinery, boilers, and mechanical appliances; parts (88 months).

The company’s website paints a picture of a specialist supplier to the oil and gas industry. Peseco focuses on the supply of OCTG (Oil Country Tubular Goods) products, conductor pipe, line pipe, and surface/subsea oilfield equipment. It also offers engineering services and is transitioning into the renewable and green energy sector. The website details partnerships with various brands and showcases a global reach, with offices in the Netherlands, Iraq, and the United Arab Emirates. The company’s website also mentions a division that provides services to the piano restoration industry.

Financially, Peseco Ltd’s recent performance shows a mixed bag. Current assets have declined by 47%, dropping to £6,300,000, while net assets have fallen 25% to £1,800,000. Bank borrowings have decreased by 4.2% to £550,000, and cash reserves have dropped 21% to £660,000. Creditors have seen a significant decrease of 66%, falling to £1,300,000. The company’s turnover has increased by 13%, reaching £18,000,000. Despite this growth, the decline in net assets and cash reserves suggests the company may be burning through cash to fuel expansion, or facing increased costs. The lack of an auditor is likely due to the company’s size, meaning the figures are unaudited.

Overall, Peseco Ltd appears to be a well-established company navigating a challenging economic climate. While its turnover has increased, the decline in net assets and cash reserves warrants closer monitoring.

Registered in Scotland under the registration number SC190923, with a registered address at AB12 4YB, Scotland, Aberdeen, Suite L1 Badentoy Avenue, Portlethen.

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