Pipe Source Uk Ltd

Pipe Source UK Ltd, based in Warwick, UK, is a small holding company with an active status, established 21 years ago. The company employs three people and holds assets totaling £1,605,105. It boasts a real address, is overseen by four directors, and has one owner. A regular importer, Pipe Source UK Ltd specializes in iron or steel products, having imported for 27 months, with the last import operation occurring in January 2025.

The company operates as a line pipe specialist, primarily serving the UK gas and water markets. It acts as a supplier of both seamless and welded pipe, offering a range of coatings and linings. Pipe Source UK Ltd represents several major European pipe manufacturers, including Mannesmann Line Pipe GmbH and Voestalpine Tubulars GmbH, and even supports projects with fittings, flanges, and valves. It’s part of the larger Irish Tube Fittings Supply Ltd group, which includes ProPipe GmbH in Germany, enabling it to offer materials for smaller quantities. The company’s vision includes global expansion through acquisitions, as demonstrated by its acquisition of PTCL Ltd, its export division.

The website highlights the company’s expertise in supplying pipes to gas and water projects, offering a full range of materials and specifications. It also provides project case studies, showcasing its involvement in significant infrastructure developments. The company’s export division, PTCL Ltd, caters to the oil, gas, petrochemical, and power generation industries worldwide.

Financially, Pipe Source UK Ltd shows some concerning trends. While current assets increased by 20% to £1,600,000, net assets only grew by 13% to £680,000. Bank borrowings remained stable, but cash reserves decreased by 47% to £210,000. Trade debtors increased significantly by 49% to £1,400,000, which could indicate difficulties in collecting payments. Creditors also rose by 33% to £980,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the decrease in cash reserves and increase in debtors warrants closer attention. The unaudited figures, lacking an auditor’s review, rely on internal reporting. Overall, Pipe Source UK Ltd seems to be navigating a period of growth but facing some financial headwinds, and it’s important to monitor its ability to manage its debtors and maintain sufficient cash flow.

Registered in England/Wales under the registration number 05093392, with a registered address at CV34 6LG, Warwick, Warwickshire, 3b Edgehill Drive.

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