INDEPENDENT PIPELINES LIMITED

SYNERGY HOUSE WINDMILL AVENUE, WOOLPIT, BURY ST. EDMUNDS, IP30 9UP

Company Number: 02828692
Incorporation date: 21-Jun-1993
Status: Active
Entity type: Private Limited Company

SIC codes:
35220 Distribution of gaseous fuels through mains

SUMMARY

This company is 30.8 years old and is currently active. It is controlled by Inexus Group (Holdings) Limited. The company has positive equity (net assets) of GBP 64.3 million which has decreased from the previous year's figure of GBP 66.1 million. The latest reported revenue figure is GBP 39.9 million which is down -10% on the previous year. The company has 4 active officers (directors or partners) who are or were officers of 56 other companies, 9 (16.1%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	GBP	39,942,489	22,613,310	3,155,605	4,704,991	3,798,610	17,265,314
31-Dec-2018	GBP	45,156,067	29,824,346	1,997,508	4,290,459	5,163,412	22,367,983
31-Dec-2017	GBP	48,361,256	33,959,946	3,225,061	4,951,420	6,264,335	25,969,252
31-Dec-2016	GBP	52,608,039	34,674,580	10,259,878	10,545,061	5,542,611	28,846,786
31-Dec-2015	GBP	51,584,209	37,210,335	17,177,012	19,698,608	6,533,560	28,155,179
31-Dec-2014	GBP	50,168,323	32,966,498	12,948,067	18,949,554	5,875,629	21,089,382
31-Dec-2013	GBP	49,108,593	33,744,882	7,820,483	17,994,934	5,482,670	18,087,761
01-Jul-2012	GBP	23,440,843	15,977,167	6,739,921	9,185,442	3,179,435	10,352,211
30-Jun-2012	GBP	42,715,223	28,423,655	797	4,275,989	5,880,034	18
30-Jun-2011	GBP	38,629,104	25,203,459		3,529,110	5,660,297	16,014,052
30-Jun-2010	GBP	37,245,514	24,293,711		2,403,102	6,194,023	15,696,586
30-Jun-2009	GBP	35,072,041	22,752,015	7,997,914	13,362,446	4,943,259	12,444,224
30-Jun-2008	GBP	31,581,719	20,402,476	9,769,085	16,473,301	3,802,171	9,896,089

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2019	GBP	697	83,292,414	140,668,427		3	8,427,999	55,907,823	64,335,825
31-Dec-2018	GBP	320,919	82,521,594	139,529,598		3	8,427,999	57,642,509	66,070,511
31-Dec-2017	GBP	120,743	47,941,853	129,062,258		3	8,427,999	35,274,526	43,702,528
31-Dec-2016	GBP	31	309,837,268	327,540,549		3	8,427,999	99,305,274	107,733,276
31-Dec-2015	GBP	2,278	286,059,622	337,807,866		3	8,427,999	70,458,488	78,886,490
31-Dec-2014	GBP	273	232,318,498	317,733,674		3	8,427,999	42,303,309	50,731,311
31-Dec-2013	GBP	28	171,264,286	280,836,400		3	8,427,999	21,213,927	29,641,929
01-Jul-2012	GBP	23,656	124,517,123	253,346,068		3	8,427,999	3,126,166	11,554,168
30-Jun-2012	GBP	835,856	222,203,753	249,439,691		3	8,427,999	102,773,955	111,201,957
30-Jun-2011	GBP	10,000	187,846,772	2,101,890	230,417,878	3	8,427,999	84,505,526	92,933,528
30-Jun-2010	GBP	48,756	162,668,271	2,332,432	218,125,001	3	8,427,999	68,491,474	76,919,476
30-Jun-2009	GBP	3,226	140,002,261	2,078,612	208,917,933	3	8,427,999	52,794,888	61,222,890
30-Jun-2008	GBP	9,002	121,854,969	3,687,889	194,723,407	3	8,427,999	40,350,664	48,778,666

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Active	Edward Andrew MANNING	06 Nov 2023	16 Apr 2024			1 - 0
Resigned	Susan Lisa STANDRING	18 Aug 2016	20 Apr 2022			0 - 1
Resigned	Simon John LEE	19 Mar 2013	17 Jun 2016		British	0 - 1
Active	Christopher Paul MUMFORD	27 Jul 2006	16 Apr 2024	Legal Adviser	British	13 - 14
Resigned	Russell Adrian Edmund WARD	08 Aug 2001	27 Jul 2006			6 - 32
Resigned	Abdul Majid MAHER	02 Feb 1999	08 Aug 2001			0 - 6
Resigned	Peter Gordon ADAMS	17 Jun 1996	02 Feb 1999	Solicitor	British	3 - 15
Resigned	Charles Warwick Foster ENGLISH	02 Feb 1996	17 Jun 1996			0 - 19
Resigned	Rodney Grahame CASTLE	21 Jun 1993	02 Feb 1996			0 - 50

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Richard Mark BRETT	28 Jul 2023		Company Director	British	27 - 2	2 (6.9%)
Active	Ian Craig ALDRIDGE	09 Sep 2022		Engineer	British	3 - 1	1 (25.0%)
Resigned	Nicola Ruth HINDLE	14 Apr 2021	20 Dec 2023	Company Director	British	0 - 38	0 (0.0%)
Active	John TROUNSON	01 Dec 2017		Director	British	10 - 0	0 (0.0%)
Resigned	Graham COLLINS	24 Mar 2017	16 Apr 2019	Accountant	British	0 - 8	0 (0.0%)
Resigned	Keith JOHNSTON	26 Feb 2014	09 Sep 2022	Company Director	British	0 - 4	1 (25.0%)
Resigned	Neil Edward SHAW	25 Jan 2013	31 Dec 2013	Company Director	British	2 - 28	1 (3.3%)
Active	Clive Eric LINSDELL	25 Jan 2013		Company Director	British	31 - 27	9 (15.5%)
Resigned	Darryl John CORNEY	21 Jun 2006	28 Jul 2023	Director	British	0 - 85	25 (29.4%)
Resigned	Robert James Matthews MURRAY	04 Jan 2006	12 Apr 2011	Chartered Engineer	British	3 - 12	1 (6.7%)
Resigned	David Patrick HOUGHTON	08 Aug 2002	16 Jun 2006	Accountant	British	0 - 14	1 (7.1%)
Resigned	Russell Adrian Edmund WARD	08 Aug 2001	17 Dec 2012	Company Director	British	6 - 32	6 (15.8%)
Resigned	Robert John FISHER	08 Aug 2001	31 Aug 2005	Consultancy Managing Director	British	0 - 4	0 (0.0%)
Resigned	Christopher Paul ATTWELL THOMAS	08 Aug 2001	13 Sep 2002	Head Of Finance And Economics	British	15 - 33	13 (27.1%)
Resigned	Jacques LAFOND	05 Sep 2000	08 Aug 2001	Business Manager	French	0 - 6	1 (16.7%)
Resigned	John William HINCHLIFFE	24 Sep 1999	30 Sep 2000	Managing Director	British	0 - 7	2 (28.6%)
Resigned	Peter Gordon ADAMS	02 Feb 1999	08 Aug 2001	Solicitor	British	3 - 15	4 (22.2%)
Resigned	Ravi Joseph KURIYAN	29 Sep 1998	30 Sep 2000	Director Corporate Services	French	0 - 9	1 (11.1%)
Resigned	Didier LEGROS	13 Jan 1998	30 Sep 2000	Managing Director	French	0 - 9	0 (0.0%)
Resigned	Jean Raymond Joseph FOURNIER	13 Jan 1998	08 Aug 2001	Finance Manager	French	0 - 7	0 (0.0%)
Resigned	Philip GIBB	17 Jan 1994	08 Aug 2001	Director Business Development	British	4 - 28	10 (31.3%)
Resigned	Alan Roger MARSHALL	21 Jun 1993	01 Sep 1998	Company Director	British	0 - 9	0 (0.0%)
Resigned	LONDON LAW SECRETARIAL LIMITED	21 Jun 1993	21 Jun 1993			1 - 13475	5369 (39.8%)
Resigned	LONDON LAW SERVICES LIMITED	21 Jun 1993	21 Jun 1993			1 - 10969	4570 (41.7%)

Number of active directors: 4
Average tenure of active directors: 5.0 years
Average tenure of resigned directors: 4.1 years
Average active director Dissolution Rate: 11.9%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Richard Mark BRETT	Ian Craig ALDRIDGE	John TROUNSON	Clive Eric LINSDELL
QUADRANT PIPELINES LIMITED (02528816) - Active	✔	✔	✔	✔
INDEPENDENT PIPELINES LIMITED (02828692) - Active	✔	✔	✔	✔
INEXUS (SERVICES) LIMITED (02875320) - Active				✔
GTC PIPELINES LIMITED (03104203) - Active	✔	✔	✔	✔
GAS ENGINEERING SERVICES LIMITED (03211063) - Active				✔
FARRISS LIMITED (03292064) - Active				✔
UTILITY GRID INSTALLATIONS LIMITED (03958461) - Active				✔
GISG (04042354) - Active			✔
EXPRESS UTILITIES LIMITED (04135367) - Active	✔		✔	✔
INEXUS GROUP (HOLDINGS) LIMITED (04222730) - Active	✔			✔
PRIOR CONSULTING (CAMBRIDGE) LIMITED (04606269) - Active				✔
INEXUS (EST) LIMITED (04637597) - Dissolved				✔
ENERGY NETWORKS ASSOCIATION LIMITED (04832301) - Active				✔
POWER ON CONNECTIONS LTD (04912774) - Active	✔			✔
INDEPENDENT POWER NETWORKS LIMITED (04935008) - Active	✔		✔	✔
INDEPENDENT METERS LIMITED (05041663) - Active	✔		✔	✔
ISITE CONNECTIONS LIMITED (05168970) - Dissolved				✔
ENVOY ASSET MANAGEMENT LIMITED (05311626) - Active				✔
CONNECT UTILITIES LIMITED (05355345) - Active	✔			✔
INDEPENDENT COMMUNITY HEATING LIMITED (05366042) - Active	✔			✔
INDEPENDENT SERVICE PROVIDER LIMITED (05366057) - Active	✔			✔
BUUK INFRASTRUCTURE LIMITED (05411073) - Active				✔
OPEN FIBRE NETWORKS LIMITED (05412813) - Active	✔			✔
BUUK FINANCE LIMITED (05413049) - Active				✔
INEXUS GROUP LIMITED (05491198) - Active				✔
INEXUS LIMITED (05491200) - Active				✔
INEXUS CONNECTIONS LIMITED (05495293) - Active	✔			✔
THE ELECTRICITY NETWORK COMPANY LIMITED (05581824) - Active	✔		✔	✔
METROPOLITAN INFRASTRUCTURE LIMITED (05759935) - Active	✔			✔
INDEPENDENT WATER NETWORKS LIMITED (05776438) - Active	✔		✔	✔
INEXUS GROUP NO. 2 LIMITED (05819203) - Dissolved				✔
INEXUS GROUP NO. 1 LIMITED (05819330) - Dissolved				✔
OPEN FIBRE NETWORKS (WHOLESALE) LIMITED (05910724) - Active	✔			✔
GPL INVESTMENTS LIMITED (06003420) - Active	✔			✔
REACTIVE FLOW CONTROLS LTD (06046573) - Active				✔
GTC UTILITY CONSTRUCTION LIMITED (06271552) - Active	✔		✔	✔
POWER ON INVESTMENTS LIMITED (06482861) - Active	✔			✔
EXOTERIC METERING LIMITED (06619566) - Liquidation				✔
FARRISS HOLDINGS LIMITED (06619586) - Active				✔
INDEPENDENT FIBRE RETAIL LIMITED (07443511) - Active				✔
GTC SOLAR GENERATION LIMITED (07670512) - Dissolved				✔
INEXUS ASSET HOLDINGS LIMITED (07774517) - Dissolved				✔
BUUK INFRASTRUCTURE NO 1 LIMITED (08246423) - Active				✔
BUUK INFRASTRUCTURE NO 2 LIMITED (08246443) - Active	✔			✔
BUUK INFRASTRUCTURE ISSUER PLC (08276959) - Active	✔			✔
SMART METER ASSETS 1 LTD (08862096) - Active				✔
ARTO.ENERGY LIMITED (09263398) - Active	✔			✔
EPLR HOLDINGS LTD (09374560) - Active - Proposal to Strike off	✔			✔
EPL&R UTILITIES LIMITED (09380511) - Active - Proposal to Strike off	✔			✔
LEVELISE LIMITED (10653159) - Active	✔			✔
PASSIV CAPITAL LIMITED (11172294) - Active	✔			✔
IAN ALDRIDGE ASSOCIATES LIMITED (11551075) - Dissolved		✔
ULTRASTREAM BUSINESS SERVICES LIMITED (12553821) - Active	✔			✔
PASSIV UK LIMITED (12929432) - Active	✔			✔
LINEAGE INVESTMENTS LIMITED (13895287) - Active				✔
GTC SMART HOMES LIMITED (15289362) - Active				✔
THE GAS SUPPLY COMPANY LIMITED (FC018502) - Active				✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2016-06-21	2015-06-21	2014-06-21	2013-06-21	2012-06-21
INEXUS GROUP (HOLDINGS) LIMITED	ORDINARY	3 100%	3 100%	3 100%	3 100%	3 100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

- - >75%:Buuk Infrastructure (Jersey) Limited (130362 - Jersey) active
    >75%:Buuk Infrastructure (Jersey 2) Limited (130363 - Jersey) active
    >75%:Prime Ieg Australia No 2 Pty Ltd (113674918 - Australia) ceased
    >75%:Prime Ieg Australia No 3 Pty Ltd (637375225 - Australia) active
    >75%:Buuk Infrastructure Limited (05411073 - United Kingdom) ceased
    >75%:Buuk Infrastructure Holdings Limited (08307632 - United Kingdom) ceased
    >75%:Buuk Infrastructure No 1 Limited (08246423 - United Kingdom) active
    >75%:Buuk Infrastructure No 2 Limited (08246443 - United Kingdom) active
  - >75%:Buuk Infrastructure (Jersey) Limited (130362 - Jersey) active
    >75%:Buuk Infrastructure (Jersey 2) Limited (130363 - Jersey) active
    >75%:Prime Ieg Australia No 2 Pty Ltd (113674918 - Australia) ceased
    >75%:Prime Ieg Australia No 3 Pty Ltd (637375225 - Australia) active
    >75%:Buuk Infrastructure Limited (05411073 - United Kingdom) ceased
    >75%:Buuk Infrastructure Holdings Limited (08307632 - United Kingdom) ceased
    >75%:Buuk Infrastructure No 1 Limited (08246423 - United Kingdom) active
    >75%:Buuk Infrastructure No 2 Limited (08246443 - United Kingdom) active
    >75%:Inexus Group Limited (05491198 - United Kingdom) active
    >75%:Inexus Limited (05491200 - United Kingdom) ceased
  >75%:Inexus Connections Limited (05495293 - United Kingdom) active
>75%:Inexus Group (Holdings) Limited (04222730 - United Kingdom) active

Controlling entities above

INDEPENDENT PIPELINES LIMITED

no controlled companies

LATE PAYMENTS REPORT

Start date	End date	Average days to pay	% invoices paid over 60 days	% invoices not paid within agreed terms	Gov.uk report
2023-07-01	2023-12-31	8	0%	0%	79567
2023-01-01	2023-06-30	13	0%	0%	74299
2022-07-01	2022-12-31	11	0%	0%	66179
2021-07-01	2021-12-31		%	%	53425
2021-01-01	2021-06-30		%	%	48360
2020-07-01	2020-12-31		%	%	41973
2020-01-01	2020-06-30		%	%	33119
2019-07-01	2019-12-31		%	%	26815
2019-01-01	2019-06-30		%	%	20991
2018-07-01	2018-12-31		%	%	10314
2018-01-01	2018-06-30		%	%	5505

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 35220 Distribution of gaseous fuels through mains)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
CADENT GAS LIMITED	CADENT, PILOT WAY, ANSTY, COVENTRY, ENGLAND, CV7 9JU	10080864	2018-03-31	1,852,000,000	465,000,000
SOUTHERN ELECTRIC GAS LIMITED	1 RIVERGATE, TEMPLE QUAY, BRISTOL, ENGLAND, BS1 6ED	02716495	2018-03-31	1,424,000,000	151,500,000
SOUTHERN GAS NETWORKS PLC	ST LAWRENCE HOUSE, STATION APPROACH, HORLEY, SURREY, RH6 9HJ	05167021	2018-03-31	746,100,000	159,300,000
WALES & WEST UTILITIES LIMITED	WALES & WEST HOUSE, SPOONER CLOSE COEDKERNEW, NEWPORT, SOUTH WALES, NP10 8FZ	05046791	2018-03-31	425,200,000	-600,000
SCOTLAND GAS NETWORKS PLC	AXIS HOUSE 5 LONEHEAD DRIVE, NEWBRIDGE, EDINBURGH, SCOTLAND, EH28 8TG	SC264065	2018-03-31	336,700,000	49,600,000
SSE HORNSEA LIMITED	NO.1 FORBURY PLACE, 43 FORBURY ROAD, READING, UNITED KINGDOM, RG1 3JH	04467860	2018-03-31	317,600,000	-18,400,000
ENGIE GAS LIMITED	NO. 1 LEEDS, 26 WHITEHALL ROAD, LEEDS, LS12 1BE	03814495	2017-12-31	312,063,000	-1,083,000	46120-Agents involved in the sale of fuels, ores, metals and industrial chemicals
ENGIE FM LIMITED	FIRST FLOOR, NEON Q10 QUORUM BUSINESS PARK, BENTON LANE, NEWCASTLE UPON TYNE, ENGLAND, NE12 8BU	00665702	2014-12-31	269,062,000	-4,010,000	35300-Steam and air conditioning supply 43220-Plumbing, heat and air-conditioning installation 81100-Combined facilities support activities
NPOWER GAS LIMITED	C/O NPOWER LIMITED, WESTWOOD WAY, WESTWOOD BUSINESS PARK, COVENTRY, ENGLAND, CV4 8LG	02999919	2017-12-31	197,513,000	-2,040,000
SONATRACH GAS MARKETING UK LIMITED	FIFTH FLOOR PANTON HOUSE, 25-26 HAYMARKET, LONDON, SW1Y 4EN	05646983	2017-12-31	124,197,019	1,487,268
NPOWER COMMERCIAL GAS LIMITED	WESTWOOD WAY, WESTWOOD BUSINESS PARK, COVENTRY, ENGLAND, CV4 8LG	03768856	2017-12-31	77,651,000	5,026,000
REGENT GAS LIMITED	REGENT HOUSE, KENDAL AVENUE, LONDON, W3 0XA	03117150	2018-03-31	65,444,310	0	35230-Trade of gas through mains
INDEPENDENT PIPELINES LIMITED	SYNERGY HOUSE WINDMILL AVENUE, WOOLPIT, BURY ST. EDMUNDS, ENGLAND, IP30 9UP	02828692	2017-12-31	48,361,256	25,969,252
AIR LIQUIDE ADVANCED BUSINESS AND TECHNOLOGIES UK LIMITED	13TH FLOOR ALPHA TOWER, SUFFOLK STREET QUEENSWAY, BIRMINGHAM, ENGLAND, B1 1TT	08676392	2017-12-31	366,586	0
L.D PIPELINES LTD	4 STATION COURT, GIRTON ROAD, CANNOCK, STAFFORDSHIRE, WS11 0EJ	08412761	2019-03-31	315,924	0
PROTHERMAL ENGINEERING SERVICES LIMITED	41 ELMDON PARK ROAD, SOLIHULL, WEST MIDLANDS, ENGLAND, B92 9HB	09993401	2018-03-31	140,400	0
TERENCE HAYES GAS INSTALLATIONS LTD	66 THORNLEIGH GARDENS, BANGOR, CO DOWN, BT20 4NP	NI062777	2018-03-31	62,350	0
SIMONS UTILITIES LTD	228 MIDDLEWOOD ROAD, SHEFFIELD, UNITED KINGDOM, S6 1TE	09684034	2017-07-31	37,528	0
ABLE GAS HEATING LTD	5 MAULDETH ROAD WEST 5 MAULDETH ROAD WEST, WITHINGTON, MANCHESTER, LANCASHIRE, ENGLAND, M20 3WB	10366249	2018-09-30	26,208	0	35230-Trade of gas through mains 46190-Agents involved in the sale of a variety of goods

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
INDEPENDENT PIPELINES LIMITED	0.7%	3.6%	7.1%	Medium
Other companies Active in the same sector	Too few competitors


Age	0.3%	1.3%	2.4%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium