Sustainable Pipeline Systems Limited

Sustainable Pipeline Systems Ltd, based in Aberdeen, UK, is a small, active company founded fifteen years ago in 2010. With eight employees and £229,697 in assets, it operates from a virtual address – a fact highlighted by the presence of 278 other companies registered at the same location. The company is led by five directors, including Stevenson Andrew, the sole owner. It’s an irregular importer, with its top import category being Iron or Steel Products, last imported in February 2022.

The company’s website showcases a technology focused on pipeline construction, emphasizing mobile, automated, and sustainable solutions. It’s clear they are not an e-commerce business, but rather a provider of innovative engineering services. The core offering revolves around a patented spiral wound pipe system (MASiP) designed for continuous infield production, installation, and intelligent integrity monitoring. The website highlights potential cost savings and a reduced environmental impact, targeting the hydrogen era with a focus on low-carbon pipeline networks. They’re actively engaging with industry events and collaborating with “critical friends” to validate their technology.

Financially, Sustainable Pipeline Systems Ltd presents a mixed picture. Current assets have decreased by a significant 47% to £230,000, while net assets have also fallen by 13% to £2,300,000. Bank borrowings have surged by 200% to £110,000, and cash reserves have dropped 56% to £100,000. Creditors have also increased by 38% to £160,000. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the decline in cash reserves and increase in borrowings suggests it’s burning through money. The lack of an auditor (likely exempt as a small company) means the figures are unaudited, and while the company’s innovative technology shows promise, its financial health warrants close monitoring.

Registered in Scotland under the registration number SC371389, with a registered address at AB10 1YL, United Kingdom, Aberdeen, 28 Albyn Place.

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