Purapipe Uk Ltd

Purapipe Uk Ltd is a small, active company based in Belfast, Northern Ireland, founded six years ago in May 2019. With just £10,617 in assets and six employees, it operates from a real address within the Northern Ireland Science Park. Two directors and one owner—Ophaug Arvid—lead the company, which is a irregular importer of electrical machinery and equipment and a irregular exporter of machinery, boilers, and mechanical appliances.

The company’s website describes Purapipe as a technology development company providing expertise, systems, and platforms for continuous, seamless pipeline production. It focuses on producing seamless, corrosion-free pipelines onsite, reducing construction costs and environmental impact. Their unique production methods aim to provide water access at low cost and lessen environmental impact. The website also mentions a Swiss-based parent company, Purapipe International GmbH, registered in Basel.

Financially, Purapipe Uk Ltd presents a mixed picture. Current assets have increased significantly by 330%, reaching £11,000, but net assets have decreased by 2.6% to -£2700000. Bank borrowings have increased by 520%, reaching £2800000, while cash reserves have increased by 27%, reaching £2600. Trade debtors have increased by a massive 1900%, reaching £8000. 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 agility, but the substantial liabilities raise concerns. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company's financial data suggests it’s burning through money, with liabilities far outweighing assets. While the company’s website projects an innovative, technology-driven business, the financial numbers indicate a startup facing significant challenges.

Registered in Northern Ireland under the registration number NI661451, with a registered address at BT3 9DT, Northern Ireland, Belfast, Northern Ireland Science Park The Innovation Centre, Queens Road.

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