R2 Pipe Tech Limited
11207028
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 18/06/2018
COMPANY DIRECTOR
IRISH · UNITED KINGDOM · Age 60
Also on 2 other boards
Persons with Significant Control
Mr Richard Henry Joyce
Irish · Ireland · Age 65
Deb House, 19 Middlewoods Way, Barnsley, S71 3HR
Notified 08/06/2021
Former PSCs
Mr Hugh Cullen
Ceased 28/09/2022
CompanyRankvs 6359+ SIC 71121 peers36
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 28/02/2025
Net Worth
-£67k
Balance sheet strength
Cash
£3k
Cash in the bank
Net Current Assets
-£55k
Working capital
Current Assets
£32k
Current Liabilities
£87k
Fixed Assets
£14k
Debtors
£27k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.36 | -£9k | £326k |
| 2024 | 0.51 | +£9k | £152k |
| 2023 | 0.56 | -£5k | £202k |
| 2022 | 0.50 | -£363 | £124k |
| 2021 | 0.46 | -£40k | £122k |
| 2020 | 0.50 | +£17k | £191k |
| 2019 | 0.25 | — | £118k |
Derived from filed accounts. Not audited figures.