Project Pipeline Supply Ltd
01416453
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 31/03/1991
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 73
Also on 1 other board
Persons with Significant Control
Mr David Toone
British · England · Age 73
The Skill Centre, Bedford Street, St. Helens, WA9 1PN
Notified 06/04/2016
Former PSCs
Mr Patrick Maass
Ceased 24/12/2020
Charges1 outstanding
WILHELM MAASS GMBH
MERSEYSIDE LOAN AND EQUITY FUND LLP
BARCLAYS BANK PLC
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BARCLAYS BANK PLC
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CompanyRankvs 26+ SIC 24200 peers67
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
twelve months from the date of approval of these financial statements. The director has identified a material uncertainty related to going concern arising from the company’s current low order book and limited visibility over the timing and conversion of future orders, which may adversely affect future revenues and operating cash flows. These co
Key FinancialsYear ending 31/12/2025
Net Worth
£1.7M
Balance sheet strength
Cash
£857k
Cash in the bank
Net Current Assets
£1.5M
Working capital
Current Assets
£2.0M
Current Liabilities
£556k
Fixed Assets
£298k
Debtors
£439k
Profit After Tax
£539k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 3.66 | +£0 |
| 2025 | 3.66 | +£132k |
| 2024 | 1.73 | +£539k |
| 2023 | 1.26 | +£118k |
| 2022 | 1.81 | +£182k |
| 2021 | 1.57 | +£13k |
| 2020 | 1.63 | -£764k |
| 2019 | 1.58 | — |
Derived from filed accounts. Not audited figures.