Pipes And Valves Ltd

Pipes And Valves Ltd, based in Hertford, UK, is a small, active company founded nineteen years ago in 2005. With twenty employees and £1,363,668 in assets, it operates from a real address and is managed by two directors, though no owners are officially listed. The company regularly imports machinery, boilers, and mechanical appliances parts, with recent activity recorded in July 2024.

The company’s website highlights its focus on supporting maintenance teams, partnering with them to provide hardware, plumbing, and heating equipment. It's not a typical e-commerce site; instead, it functions as a trade supplier with a physical trade counter and a focus on providing technical data and engineering services. The company's history reveals a growth story, starting in 2006 and expanding to include membership in the REGD buying group, allowing access to major brands. Two branches serve customers, with delivery options available.

Financially, Pipes and Valves Ltd shows a mixed picture. Current assets decreased by 23%, dropping to £1.4 million, while net assets increased by 9.7% to £200,000. Bank borrowings increased by 5.5% to £590,000, and cash reserves rose to £36,000. Creditors decreased by 19%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, likely due to its small size.

The company's financial data suggests a period of transition, with increased borrowing potentially fueling growth or addressing short-term challenges. While the decrease in current assets is a concern, the overall financial picture isn’t alarming. The company's focus on specialized services and its trade counter model appear to be working, but continued monitoring of its financial health is recommended.

Registered in England/Wales under the registration number 05602426, with a registered address at SG13 8EX, Hertford, Hertfordshire, 3 West Street.

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