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Pipeline Precision Engineering Ltd

07003851

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

23/31 WANDHILLS AVENUE SKELTON INDUSTRIAL ESTATE, SALTBURN-BY-THE-SEA, TS12 2LQ
Incorporated 28/08/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mr Simon Lee Hannar

director · Since 16/02/2010

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 1 other board

Persons with Significant Control

Mr Simon Lee Hannar

75–100% shares
75–100% votes

British · England · Age 51

23/31 Wandhills Avenue, Skelton Industrial Estate, Saltburn-By-The-Sea, TS12 2LQ

Notified 01/11/2025

Former PSCs

Mr Stewart Walker

Ceased 25/11/2016

Mr. Simon Lee Hannar

Ceased 01/07/2022

Mrs Nicola Ann Hannar

Ceased 01/07/2022

Shaw Manufacturing Limited

Ceased 01/11/2025

Charges1 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 21/03/2023Registered 23/03/2023
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 29/06/2022Registered 06/07/2022Satisfied 16/04/2026
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 29/03/2021Registered 01/04/2021Satisfied 09/07/2025
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 05/10/2018Registered 16/10/2018Satisfied 11/09/2019
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 25/01/2016Registered 26/01/2016Satisfied 08/08/2016
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/01/2016Registered 22/01/2016Satisfied 09/07/2025

CompanyRankvs 3489+ SIC 25990 peers
47

Financial strength20th percentile among SIC peers · 5/25
Employees10th percentile among SIC peers · 2/15
LiquidityCurrent ratio 59.39× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3489Pipeline Precision Engineering Ltd
57
How is this score calculated?
Financial strength5/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

£50

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

£609k

Working capital

Current Assets

£619k

Current Liabilities

£10k

Fixed Assets

£31k

Debtors

£604k

0avg. employees-2

Tax at Year End(2022)

Dividends paid£55k

Balance Sheet

Assets less current liabilities£640k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202559.39—
20245.54—
202312.69—
202210.56-£54k
20214.42—
20201.73—
20192.03—
20181.48—

Derived from filed accounts. Not audited figures.