Pipe Equipment Specialists Limited
03028778
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/03/2023
DIRECTOR
BRITISH · WALES · Age 61
Also on 2 other boards
director · Since 01/03/2025
BUSINESS SEGMENT CONTROLLER
FINNISH · FINLAN · Age 38
Persons with Significant Control
Indutrade Uk
Ellard House, Floats Road, Wythenshawe,Manchester, M23 9WB
Reg: 9287563 · England And Wales Companies House · Limited Company
Notified 06/04/2016
Charges0 outstanding
MIDLAND BANK PLC
CompanyRankvs 336+ SIC 28990 peers70
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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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£1.7M
Annual revenue
Net Worth
£468k
Balance sheet strength
Cash
£141k
Cash in the bank
Profit Before Tax
£338k
Bottom line earnings
Net Current Assets
£390k
Working capital
Current Assets
£681k
Current Liabilities
£291k
Fixed Assets
£100k
Debtors
£332k
Cost of Sales
£735k
Gross Profit
£1.0M
Admin Expenses
£668k
Operating Profit
£338k
Profit After Tax
£253k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.34 | +£53k |
| 2023 | 2.05 | — |
Derived from filed accounts. Not audited figures.