Special Piping Materials Limited

Special Piping Materials Ltd, based in Cheshire, UK, is a sizable company with a 36-year history, currently employing 24 people. The business, which operates as a holding company, boasts assets of £14,012,178 and generates £11,839,636 in yearly revenue. It maintains a real address and is managed by five directors, with one owner reported. The company also runs an e-commerce site and is a regular importer and exporter of iron or steel products, with 117 months of import activity and 707 months of export activity.

The company's core business revolves around the wholesale trade of piping materials, catering to a diverse range of industries. Its website showcases a comprehensive selection of pipes, fittings, and related equipment, emphasizing quality and reliability. The business also imports and exports these products, suggesting a global reach.

Financially, Special Piping Materials Ltd presents a mixed picture. While revenue remained consistent, current assets decreased by 4.5% to £14,000,000. Bank borrowings increased by 86% to £160,000, while cash reserves decreased by 48% to £1,300,000. Creditors decreased by 8.0% to £3,500,000. The company is classified as a "large" company, meeting two of three criteria: turnover exceeding £36 million and balance sheet total exceeding £18 million. The lack of auditor details suggests it's exempt from a full audit.

The company’s growth in both import and export activity over the years indicates a robust market presence. The increase in bank borrowings, however, suggests a need for careful financial management. The consistent revenue stream and large asset base, combined with a stable management structure, indicate a business with potential, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 02307592, with a registered address at SK16 4UU, Cheshire, Unit 26,Globe Ind Estate, Dukinfield.

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