Pipeline Drillers Limited

Pipeline Drillers Limited is a small, active company based in Glasgow, UK, founded nineteen years ago in 2006. With fourteen employees and £5,004,551 in assets, it operates from a real address in East Kilbride and is managed by two directors—Orr Ian and Orr Shirley Elaine—though there are no reported owners. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with its last import activity recorded just two months ago in September 2024.

The company’s website, Pipeline Utilities, positions it as a leading service provider within the UK utility sector, working with major companies to renew water mains, install telecom fibre systems, and manage traffic. They offer a range of services, including developer services, large PRV installations, directional drilling, recycling, and even provide their own training programs—all certified by EUSR and NPORS. They also have a focus on broadband installation, which is a good sign.

Financially, Pipeline Drillers Limited presents a mixed picture. While cash reserves increased by 15% to £4.8 million, and net assets grew by 11% to £5.8 million, other indicators are concerning. Trade debtors dropped by a significant 51%, suggesting potential issues with collecting payments, and bank borrowings have increased. Although creditors decreased by 31%, this may be a temporary effect. The company’s small size (meeting two of three conditions for being classified as small) allows for flexibility, but the decrease in debtors warrants further scrutiny. The company is exempt from an audit, so the financial data is unaudited. The directors changed three months ago, which is a good sign.

Overall, Pipeline Drillers Limited seems to be navigating a period of change. While asset growth is positive, the decrease in debtors and increased bank borrowings suggest a need for careful financial management.

Registered in Scotland under the registration number SC299318, with a registered address at G74 5BU, Scotland, Glasgow, 1 Milton Road, East Kilbride.

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