Project Piping Materials Ltd

Project Piping Materials Ltd is a small, active company registered in London, UK, founded four years ago in July 2020. It has a single employee and holds £88,666 in assets, operating from a virtual address shared by many other businesses. The company is led by a solo founder who also serves as director and owner. While it’s an irregular importer of iron or steel products (just one month of imports recorded), it’s a regular exporter, with 14 months of export activity noted, the latest in December 2024.

The company’s website, salesprojectpiping.com, positions itself as a manufacturer and supplier of pipe, flanges, fittings, bolting, and associated products. It caters to a wide range of industries, including oil, gas, petrochemical, power generation, and renewable energy. The site highlights four distinct product brands – PPML Piping, PPML Flange, PPML Fittings, and PPML Bolting – offering both standard and bespoke solutions. It also provides procurement and agent services, emphasizing seamless project execution and international support. The website is very professional and well-designed.

Financially, Project Piping Materials Ltd shows a mixed picture. Cash bank on hand has increased significantly, up 160% to £85,000, and net assets have also risen 75% to £49,000. However, trade debtors have plummeted a staggering 84%, dropping to just £3,400—a concerning trend that could indicate payment issues. Creditors have increased by 50% to £42,000. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the sharp decrease in debtors warrants closer attention. The company’s unaudited financial statements, prepared using IRIS Accounts Production software, are exempt from an audit. It’s worth noting that the company has not claimed exemption from reporting disclosure related party transactions.

Registered in England/Wales under the registration number 12768459, with a registered address at WC1N 3AX, United Kingdom, London, 27 Old Gloucester Street.

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