Pipex Limited
01203356
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 31/12/2020
VP FINANCE
BRITISH · SCOTLAND · Age 52
Also on 13 other boards
director · Since 30/03/2023
DIRECTOR
BRITISH · SCOTLAND · Age 56
Also on 17 other boards
secretary · Since 17/05/2024
Persons with Significant Control
National Oilwell Varco Uk Limited
Stonedale Road, Unit 10 Oldends Lane Industrial Estate, Stonehouse, GL10 3RQ
Reg: 00873028 · Companies House · Limited By Shares
Notified 12/02/2021
Former PSCs
Pipex Px Ltd
Ceased 12/02/2021
Charges0 outstanding
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CompanyRankvs 881+ SIC 22290 peers65
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
that are free from material misstatement, whether due to fraud or error. In preparing the financial statements , the directors are responsible for assessing the company 's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease opera
Key FinancialsYear ending 31/12/2023
Turnover
£12.9M
Annual revenue
Net Worth
£6.0M
Balance sheet strength
Cash
—
Cash in the bank
Profit Before Tax
£1.8M
Bottom line earnings
Net Current Assets
£6.0M
Working capital
Current Assets
£6.0M
Current Liabilities
£7.7M
Fixed Assets
£4.0M
Debtors
£6.0M
Cost of Sales
£9.6M
Gross Profit
£3.3M
Admin Expenses
£1.6M
Operating Profit
£1.8M
Profit After Tax
£1.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.78 |
Derived from filed accounts. Not audited figures.