PETROLEUM PIPE COMPANY LIMITED

C/O ERNST & YOUNG LLP 1 BRIDGEWATER PLACE, WATER LANE, LEEDS, LS11 5QR

Company Number: 03022675
Incorporation date: 16-Feb-1995
Status: In Administration
Entity type: Private Limited Company

SIC codes:
46719 Wholesale of other fuels and related products





SUMMARY

This company is 29.1 years old and is currently in administration. It is controlled by multiple entities. The company has negative equity (net assets) of USD -2.5 million which has worsened since the previous year's figure of USD -1.2 million. The latest reported revenue figure is USD 9.1 million which is down -20% on the previous year. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (USD -5 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 7 other companies, 2 (28.6%) 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: 31-Dec-2018
Accounts Filed: FULL (31-Mar-2017)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2017 USD 9,118,000 -1,343,000 62,000 -1,322,000
31-Mar-2016 USD 10,876,000 -633,000 77,000 -563,000
31-Mar-2015 USD 27,879,000 -576,000 82,000 101,000 -595,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2017 USD 1,523,000 16,467,000 19,009,000 2,288,000 163,000 -4,980,000 -2,529,000
31-Mar-2016 USD 10,000 6,183,000 7,413,000 2,288,000 163,000 -3,658,000 -1,207,000
31-Mar-2015 USD 11,722,000 12,399,000 2,288,000 163,000 -3,095,000 -644,000

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active ETROLEUM PIPE SECRETARIES LIMITED 09 Oct 2008 19 Mar 2024 1 - 1
Resigned IVER OAKS CORPORATE SERVICES LTD. 22 Jun 2004 09 Oct 2008 0 - 4
Resigned Andrew WINGROVE 15 Sep 2003 22 Jun 2004 0 - 4
Resigned Andrew John MARTIN 15 Aug 2003 15 Sep 2003 Steel Pipe Trader British 1 - 6
Resigned Richard Gordon MORRICE 29 Mar 1999 15 Aug 2003 0 - 12
Resigned Lucy RALPH 16 Feb 1995 26 Mar 1999 0 - 2

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Richard Gordon MORRICE 18 Apr 2007 Accountant British 3 - 86 (54.5%)
Active Richard Mark FARNFIELD 20 Sep 2004 Steel Pipe Trader British 1 - 32 (50.0%)
Resigned Samuel John MCCRORY 15 Aug 2003 27 Sep 2004 General Manager British 0 - 22 (100.0%)
Resigned Richard Gordon MORRICE 13 Apr 2000 29 Jul 2003 Chartered Accountant British 0 - 124 (33.3%)
Resigned Peter SCHULTE 13 May 1999 04 Apr 2005 Director British 0 - 43 (75.0%)
Resigned Andrew MANN 01 Dec 1997 13 May 1999 Sales Director British 0 - 11 (100.0%)
Resigned Andrew John MARTIN 08 Oct 1997 31 Mar 2018 Sales Director British 1 - 64 (57.1%)
Resigned John Anthony HARRISON 02 Mar 1995 23 Jan 1997 Company Director British 0 - 11 (100.0%)
Resigned Julian Charles TYACKE 02 Mar 1995 01 Nov 2004 Company Director British 0 - 63 (50.0%)
Resigned Sidney BERTNER 16 Feb 1995 29 Oct 1998 Company Director British 0 - 11 (100.0%)
Resigned SWIFT INCORPORATIONS LIMITED 16 Feb 1995 16 Feb 1995 3 - 7905233426 (42.3%)
Number of active directors: 2
Average tenure of active directors: 18.2 years
Average tenure of resigned directors: 5.3 years
Average active director Dissolution Rate: 52.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
PETROLEUM PIPE COMPANY LIMITED (03022675) - In Administration
PETROSTEM (UK) LIMITED (03581607) - Active
INNOSPECTION LIMITED (03819359) - In Administration/Administrative Receive
PETROLEUM PIPE GROUP (UK) LIMITED (03912324) - Dissolved
POWER JACKS LIMITED (SC103849) - Active
MAXTUBE LIMITED (SC165980) - Active
AUPEC LIMITED (SC177095) - Active
RIVER OAKS CORPORATE SERVICES LIMITED (SC436532) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-02-162015-02-162014-02-162013-02-162012-02-16
PETROLEUM PIPE GROUP LTDORDINARY1,500,000
100%
1,500,000
100%
1,500,000
100%
1,500,000
100%
1,500,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PETROLEUM PIPE COMPANY LIMITED

no controlled companies

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 46719 Wholesale of other fuels and related products)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
THE SHELL COMPANY OF THAILAND LIMITED SHELL CENTRE, LONDON, SE1 7NA 00130588 2019-12-31 135,854,782 2,651,392
BP INTERNATIONAL LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 00542515 2017-12-31 47,116,000,000 2,732,000,000 70100-Activities of head offices
GREENERGY FUELS LIMITED 198 HIGH HOLBORN, LONDON, WC1V 7BD 04058825 2017-12-31 10,617,458,000 10,492,000 82990-Other business support service activities not elsewhere classified
CERTAS ENERGY UK LIMITED 1ST FLOOR ALLDAY HOUSE, WARRINGTON ROAD, BIRCHWOOD, UNITED KINGDOM, WA3 6GR 04168225 2018-03-31 3,716,818,000 -14,560,000
SK ENERGY EUROPE LIMITED 20 NORTH AUDLEY STREET, LONDON, UNITED KINGDOM, W1K 6WE 04138778 2017-12-31 3,454,119,000 -7,491,000 50200-Sea and coastal freight water transport
BNK (UK) LIMITED SALATIN HOUSE, 19 CEDAR ROAD, SUTTON, SURREY, SM2 5DA 06527449 2012-12-31 3,452,512,000 1,521,000
CHEVRON PRODUCTS UK LIMITED 1 WESTFERRY CIRCUS, CANARY WHARF, LONDON, E14 4HA 03600726 2017-12-31 2,686,166,000 -11,018,000
EXXONMOBIL GAS MARKETING EUROPE LIMITED ERMYN HOUSE, ERMYN WAY, LEATHERHEAD, SURREY, ENGLAND, KT22 8UX 02517230 2017-12-31 2,387,000,000 5,000,000
PRIVATE OIL HOLDINGS OMAN LIMITED SHELL CENTRE, LONDON, ENGLAND, SE1 7NA 00329973 2017-12-31 2,067,578,000 0
PETROINEOS FUELS LIMITED THE ADELPHI 1-11, JOHN ADAM STREET, LONDON, UNITED KINGDOM, WC2N 6HT 07003774 2017-12-31 2,020,900,000 47,000,000
MABANAFT LIMITED MYO 2ND FLOOR, 123 VICTORIA STREET, LONDON, UNITED KINGDOM, SW1E 6DE 02960732 2017-12-31 1,482,190,000 5,670,000 82990-Other business support service activities not elsewhere classified
UK FUELS LIMITED EUROCARD CENTRE HERALD PARK, HERALD DRIVE, CREWE, CHESHIRE, CW1 6EG 02212080 2018-03-31 1,379,156,000 23,011,000
VIVO ENERGY NAMIBIA LIMITED 23 LOWER BELGRAVE STREET, LONDON, ENGLAND, SW1W 0NT 01214315 2017-06-30 1,360,339,000 26,354,000
SHELL COMPANY OF TURKEY LIMITED(THE) SHELL CENTRE, LONDON, SE1 7NA 00188307 2017-12-31 752,194,000 89,337,000
CORONA GAS MANAGEMENT LIMITED BUILDING 2 LEVEL 2, CROXLEY PARK, WATFORD, UNITED KINGDOM, WD18 8YA 02879748 2018-03-31 467,706,195 2,080,805
SOUTH HOOK GAS COMPANY LTD. LEVEL 28, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG 04963083 2018-12-31 445,035,000 -33,018,000
CALOR GAS LIMITED ATHENA HOUSE, ATHENA DRIVE TACHBROOK PARK, WARWICK, WARWICKSHIRE, CV34 6RL 00303703 2017-12-30 422,600,000 53,900,000
CORAL OIL COMPANY LIMITED(THE) C/O RWK GOODMAN LLP, 69 CARTER LANE, LONDON, ENGLAND, EC4V 5EQ 00203333 2017-12-31 375,055,000 1,064,000
LIBYA OIL ETHIOPIA LIMITED 2 NEW BAILEY, 6 STANLEY STREET, SALFORD, MANCHESTER, UNITED KINGDOM, M3 5GS 00243842 2017-12-31 374,643,356 1,743,454 46750-Wholesale of chemical products
47300-Retail sale of automotive fuel in specialised stores
BP MARINE LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 01214291 2017-12-31 317,815,000 7,883,000
AIR BP LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 01150609 2017-12-31 197,652,000 26,092,000
HIGHLAND FUELS LIMITED 2 MARISCHAL SQUARE, BROAD STREET, ABERDEEN, SCOTLAND, AB10 1DQ SC032343 2017-12-31 193,866,898 1,476,536
WEX EUROPE SERVICES LIMITED 7TH FLOOR, HYPHEN BUILDING, 75 MOSLEY STREET, MANCHESTER, ENGLAND, M2 3HR 08284241 2014-12-31 171,746,000 -10,787,000
CENTRICA ENERGY LIMITED MILLSTREAM MAIDENHEAD ROAD, WINDSOR, BERKSHIRE, SL4 5GD 02877398 2017-12-31 88,238,000 52,586,000 82990-Other business support service activities not elsewhere classified
CPL DISTRIBUTION LIMITED WESTTHORPE FIELDS ROAD, KILLAMARSH, SHEFFIELD, S21 1TZ 00544782 2018-03-31 85,211,000 1,469,000 47990-Other retail sale not in stores, stalls or markets
BP EASTERN MEDITERRANEAN LIMITED CHERTSEY ROAD, SUNBURY ON THAMES, MIDDLESEX, TW16 7BP 02239062 2017-12-31 75,832,531 -825,042 50200-Sea and coastal freight water transport
OILFAST LIMITED FUEL DEPOT, NETHAN STREET, MOTHERWELL, SCOTLAND, ML1 3TF SC453328 2018-06-30 70,651,857 0
HINGLEY & CALLOW OILS LIMITED SEVERN HOUSE, SANDY LANE INDUSTRIAL ESTATE, STOURPORT ON SEVERN, WORCESTERSHIRE, DY13 9QB 00955492 2018-06-30 60,096,733 0 47300-Retail sale of automotive fuel in specialised stores
T.W. SCOTT & SONS (FUELS) LIMITED 51,CURR ROAD,, BERAGH,, CO.TYRONE, BT79 0UW NI017420 2017-12-31 56,048,230 0
FUEL OILS (HOLDINGS) LIMITED UNIT 3-4 BURNETT ROAD, DARENT INDUSTRIAL PARK, ERITH, KENT, UNITED KINGDOM, DA8 2LG 01708836 2017-09-30 53,721,969 0
WEBER-STEPHEN PRODUCTS (U.K.) LIMITED 10TH FLOOR THE METRO BUILDING, 1 BUTTERWICK, LONDON, W6 8DL 03518831 2017-09-30 25,357,164 0
TINCKNELL FUELS LIMITED CATHEDRAL VIEW OFFICES, 19 WOOKEY HOLE ROAD, WELLS, SOMERSET, BA5 2BT 01081952 2018-04-30 25,226,645 0
KINCH FUEL OILS LIMITED REDWAY, HORNBURY HILL, MINETY, MALMESBURY WILTS, SN16 9QH 01492318 2018-07-31 14,888,073 0
OPIE OILS LIMITED THE FUEL DEPOT CARDREW INDUSTRIAL ESTATE, CARDREW WAY, REDRUTH, CORNWALL, TR15 1SS 02993088 2018-04-30 8,820,303 0
WESTERN BIO-ENERGY (FUELS) LIMITED WESTERN BIO ENERGY LTD, LONGLAND LANE, PORT TALBOT, WEST GLAMORGAN, WALES, SA13 2NR 05210135 2018-03-31 5,416,512 0
SMASTY LTD PALLISER HOUSE SECOND FLOOR, PALLISER ROAD, LONDON, ENGLAND, W14 9EB 08406138 2018-02-28 999,258 0 46750-Wholesale of chemical products
46760-Wholesale of other intermediate products
70229-Management consultancy activities other than financial management
WISE OIL COMPANY LTD 170 MONEYREA ROAD, MONEYREA, NEWTOWNARDS, COUNTY DOWN, NORTHERN IRELAND, BT23 6BH NI633518 2018-09-30 138,366 0
ACW LOGISTICS LIMITED 1 FERNWOOD, NORTON, RUNCORN, CHESHIRE, UNITED KINGDOM, WA7 6UT 10399099 2017-09-30 41,816 0
OILTECH LUBRICANTS LIMITED 191 STATION ROAD, SHOTTS, ML7 4BA SC078712 2018-04-30 0 0
NETHAN HOLDINGS LIMITED , , C/O OILFAST LTD, NETHAN STREET, MOTHERWELL, , SCOTLAND, ML1 3TF SC634664 0000-00-00 0 0
RADIUS PAYMENT SOLUTIONS LIMITED EUROCARD CENTRE HERALD PARK, HERALD DRIVE, CREWE, ENGLAND, CW1 6EG 08260702 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is In Administration. Statistically, such companies have a VERY HIGH 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
Company status 99.8% 99.8% 99.4% High
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 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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