Pipeline Precision Engineering Ltd

Pipeline Precision Engineering Ltd, based in Middlesbrough, UK, is a small, active company founded fifteen years ago in 2009. With two employees and £623,963 in assets, it operates as a holding company under the direction of two directors and a single owner. The company’s registered address is real, with only two other companies registered there. It’s a regular exporter of machinery, boilers, and mechanical appliances, with seventeen months of export activity recorded, the latest in September 2023, but an irregular importer of iron or steel products, with just one month of import activity in 2020. The company operates in the manufacture of other fabricated metal products.

While the company's website is unavailable, its activities are primarily focused on fabrication engineering. It’s a small business, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Pipeline Precision Engineering Ltd shows some concerning trends. Cash bank on hand has plummeted 88% to just £15,000, while bank borrowings have increased to £5,200. Creditors have risen significantly, increasing 140% to £110,000, and trade debtors have ballooned by 28%, reaching £610,000. A significant drop in net assets, decreasing 8.3% to £550,000, is also noticeable. The company’s accumulated amortisation impairment intangible assets remained constant at £20,000. The company is exempt from an audit as a small company.

These figures suggest a period of financial strain, potentially linked to increased borrowing and rising debts. However, the increase in trade debtors could indicate expanded sales or delayed customer payments. It’s possible the company is investing in growth, but the declining cash reserves raise questions about its short-term liquidity. The directors, Wild Anthony and Hannar Simon Lee, will need to carefully manage these pressures to ensure the company’s long-term viability.

Registered in England/Wales under the registration number 07003851, with a registered address at TS3 8AT, United Kingdom, Middlesbrough, Slipways, Dockside Road.

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