Pipe Acquisition Limited
05501083
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 15/05/2024
UNIT GENERAL MANAGER, STEEL BUSINESS UNI
JAPANESE · UNITED KINGDOM · Age 52
Also on 1 other board
secretary · Since 31/03/2025
Persons with Significant Control
Sumitomo Corporation
East Tower 3-2, Otemachi 2-Chrome, Tokyo
Reg: 8053:Jp · Japan · Public Listed Corporation
Notified 26/09/2022
Former PSCs
Emgh Limited
Ceased 26/09/2022
Charges0 outstanding
BANK OF AMERICA, N.A, LONDON BRANCH (THE UK SECURITY TRUSTEE)
LEHMAN COMMERCIAL PAPER INC., AS AGENT AND TRUSTEE FOR ITSELF AND EACH OF THE UK SECUREDPARTIES
J.P. MORGAN EUROPE LIMITED (THE UK COLLATERAL AGENT)
THE BANK OF NEW YORK (SECURITY TRUSTEE)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND (THE SECURITY TRUSTEE)
CompanyRankvs 5918+ SIC 70100 peers53
Show leaderboard
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 31/03/2025
Net Worth
£58k
Balance sheet strength
Cash
£118k
Cash in the bank
Net Current Assets
£58k
Working capital
Current Assets
£118k
Current Liabilities
£60k
Admin Expenses
£1k
Operating Profit
-£1k
Profit After Tax
-£1k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.96 | -£1k |
| 2024 | 1.80 | — |
| 2023 | 1.00 | — |
Derived from filed accounts. Not audited figures.