Propipe Ltd

Propipe Ltd, based in Hartlepool, UK, is a small, active company founded 27 years ago in 1997. With 40 employees and £5,323,085 in assets, it operates from a real address and is overseen by six directors and three owners. The company regularly imports optical and medical tools and devices (73 months) and exports machinery, boilers, and mechanical appliances (260 months).

Propipe Ltd specializes in pipeline pigging and plug technologies, offering design, testing, and manufacturing expertise. Its website showcases a range of products, including electromagnetic and acoustic pig tracking systems, pipeline plugs, and related services like engineering and project management. The company even has a division focused on high-end piano restoration, a surprising contrast to its industrial focus. It's clear the company is a technology company leading the design and development of pipeline pig, pipeline pig tracking and pipeline plug technologies.

Financially, Propipe Ltd shows some interesting trends. While current assets increased by 75% to £5,300,000, net losses deepened from -£10,000 to -£23,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The lack of employees (zero reported) hints at a lean, possibly solo operation. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. The accounts were audited by Bell Anderson Limited.

Overall, Propipe Ltd appears to be a dynamic, albeit financially stretched, company navigating the complexities of the pipeline technology sector. It’s clear that the company is betting on its niche market and customer satisfaction to turn the tide.

Registered in England/Wales under the registration number 03484444, with a registered address at TS25 5TE, Hartlepool, Cleveland, Unit 2 Queens Meadow Business Park.

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