Project Pipeline Supply Ltd

Project Pipeline Supply Ltd, based in St. Helens, UK, is a small, active company established 46 years ago. Employing 25 people and holding assets of £3,065,866, it’s a long-standing business with a real address and two directors. The company is owned by one person, David Toone, who is also a director. It regularly imports and exports iron or steel products, with 92 months of import activity and 25 months of export activity recorded.

The company specializes in manufacturing and supplying components to the offshore oil and gas, renewables, and defence sectors. Its website highlights a focus on project management, quality control, and in-house machining capabilities. They offer a wide range of products, including ASME and API flanges, pipes, and fittings, and even provide design services. A key differentiator is their partnership with NGENIUS Materials Technology to market and supply high-strength stainless steels. The website also mentions a showroom in Harrods, London, which is a bit surprising.

Financially, Project Pipeline Supply Ltd shows some interesting trends. Current assets decreased by 39%, dropping to £3,100,000, while net assets increased by 52% to £1,600,000. Bank borrowings decreased significantly by 75%, falling to £21,000, and cash reserves plummeted 47% to £690,000. Creditors decreased by 55%, suggesting better debt management, but director remuneration increased by 71% to £150,000. The company’s size (meeting two of three criteria for a small company) allows for agility, but the significant drop in cash reserves is a bit concerning. The accounts are unaudited, which is typical for a small company. Jack Ross Limited is the auditor. It seems like the company has been profitable, with profits increasing by 360% to £540,000. Overall, Project Pipeline Supply Ltd appears to be a stable, long-standing business, though it’s facing some financial pressures.

Registered in England/Wales under the registration number 01416453, with a registered address at WA9 1PN, England, St. Helens, Merseyside, The Skill Centre Bedford Street, Parr Industrial Estate.

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