Pipework & Welding Contracting Services Limited

Pipework And Welding Contracting Services Limited, based in Hungerford, UK, is a small, family-run business with an active status, established fifteen years ago. Employing ten people, the company holds £639,297 in assets and operates from a real address. With two directors and two owners, it's a tight-knit operation. The company is a regular importer of glass and glassware, with recent activity recorded in January 2024.

The company's website highlights its core services: pipeline installations, rehabilitation, specialist fabrications, composite reinforcement, pipeline testing, and civil engineering. It’s clear they’re focused on providing comprehensive solutions for pipeline projects, from initial design and fabrication to testing and reinforcement. They also boast over 50 years of experience in the pipeline field, carrying out projects for clients worldwide. Contact information is readily available, including a phone number and address, and a simple contact form allows visitors to easily reach out.

Financially, Pipework & Welding Contracting Services Limited presents a mixed picture. While current assets increased by 31% to £640,000, cash reserves dropped by 48% to £130,000. Trade debtors have increased dramatically, up 240% to £410,000, which could indicate increased sales but also potential issues with customer payments. Creditors also rose significantly, up 91% to £180,000. Equity increased by 11% to £560,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debt warrants attention. As a small company, it’s exempt from a full audit, so the figures are unaudited.

The company’s growth in debtors suggests a possible increase in sales, but it’s important to monitor the collection rate. The decrease in cash reserves, despite increased assets, indicates the company may be reinvesting heavily in its operations or facing cash flow challenges. While the company seems to be doing well, it’s important to keep an eye on these trends to ensure long-term financial health.

Registered in England/Wales under the registration number 07249786, with a registered address at RG17 7RZ, England, Hungerford, Berkshire, Unit 1 Aerial Business Park, Lambourn Woodlands.

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