Propipe Ltd
03484444
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/04/1998
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 2 other boards
director · Since 30/04/1998
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 54
Also on 1 other board
director · Since 17/08/2015
FINANCE DIRECTOR
BRITISH · UNITED KINGDOM · Age 51
Also on 1 other board
director · Since 07/06/2019
TECHNICAL DIRECTOR
BRITISH · ENGLAND · Age 43
Also on 1 other board
Persons with Significant Control
Mr Warren Findlay
British · England · Age 51
Unit 2, Queens Meadow Business Park, Hartlepool, TS25 5TE
Notified 01/12/2016
Mr Robert William Mcknight
British · United Kingdom · Age 54
Unit 2, Queens Meadow Business Park, Hartlepool, TS25 5TE
Notified 19/07/2024
Mr David John Forster
British · United Kingdom · Age 58
Unit 2, Queens Meadow Business Park, Hartlepool, TS25 5TE
Notified 19/07/2024
Charges2 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 3618+ SIC 32990 peers55
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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
, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and 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 c
Key FinancialsYear ending 31/01/2025
Turnover
£10.6M
Annual revenue
Net Worth
£2.7M
Balance sheet strength
Cash
£874k
Cash in the bank
Profit Before Tax
£311k
Bottom line earnings
Net Current Assets
-£408k
Working capital
Current Assets
£3.9M
Current Liabilities
£4.3M
Fixed Assets
£3.3M
Debtors
£1.7M
Cost of Sales
£7.7M
Gross Profit
£2.9M
Admin Expenses
£2.6M
Operating Profit
£301k
Profit After Tax
£250k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.90 | -£620k |
| 2024 | 1.09 | +£484k |
| 2023 | 1.11 | +£402k |
| 2022 | 0.99 | +£248k |
| 2021 | 0.91 | — |
Derived from filed accounts. Not audited figures.