Pipe Equipment Specialists Limited

Pipe Equipment Specialists Ltd, based in Thornaby Stockton On Tees, UK, is a sizable company with a 30-year history, currently employing seven people. The business, a holding company with an active status, boasts assets of £717,646 and yearly revenue of £1,321,943. It operates a real address and is led by four directors and one owner, and has an e-commerce site. The company regularly imports rubber and rubber products (20 months) and exports machinery, boilers, and mechanical appliances (14 months).

The company’s website showcases a wide range of pipe equipment, including towing heads, pipe cutters, and handling products, catering to the trenchless technology sector. They design, manufacture, hire, and supply these products to customers throughout the UK, with a focus on renovation of gas, water, and sewer pipes. They also offer custom piping products and are specialists in cable laying and pipe cutting.

Financially, Pipe Equipment Specialists Ltd’s numbers paint a mixed picture. Administrative expenses increased by 31%, to £590,000, while cash bank on hand decreased by 71%, to £42,000. Bank borrowings increased by 21%, to £76,000, and the company’s net assets decreased by 2%, to £410,000. Creditors increased by 26%, to £350,000, suggesting a need for better cashflow management. The company meets two of three criteria to be considered large, indicating a substantial operation. The company’s auditor is UHY Calvert Smith LLP.

While the company’s revenue is respectable, the decrease in cash reserves and increase in debt warrants careful monitoring. The company’s e-commerce presence and focus on specialized equipment suggest a niche market, but the financial trends indicate a need to address cashflow challenges and maintain profitability.

Registered in England/Wales under the registration number 03028778, with a registered address at TS17 9LT, Thornaby Stockton On Tees, Cleveland, 66a Dukesway, Teesside Industrial Esta.

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