GTC PIPELINES LIMITED

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

Company Number: 03104203
Incorporation date: 20-Sep-1995
Status: Active
Entity type: Private Limited Company

SIC codes:
49500 Transport via pipeline

SUMMARY

This company is 28.6 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 222.1 million which has increased from GBP 16 million in the previous year. The latest reported revenue figure is GBP 80.9 million which is up 10% on previous year's figure of GBP 73.5 million. 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	80,896,957	38,904,292	2,183	13,677,706	5,084,290	20,144,479
31-Dec-2018	GBP	73,465,393	35,924,988	163,181	15,640,266	4,136,579	16,311,324
31-Dec-2017	GBP	64,352,731	33,702,304	337,313	28,594,140	414,264	5,031,213
31-Dec-2016	GBP	56,533,154	25,560,601	35,519	27,768,303	-81,660	-2,253,843
31-Dec-2015	GBP	46,606,285	23,195,659		26,056,249	-1,106,296	-3,966,886
31-Dec-2014	GBP	40,547,419	17,545,392	383	29,345,476	2,653,290	-9,146,411
31-Dec-2013	GBP	35,498,193	15,107,279	2,266	35,717,240	5,513,301	-15,094,394
31-Dec-2012	GBP	32,134,833	11,438,695	4,100	19,408,795	660,299	-7,305,701
31-Dec-2011	GBP	28,505,586	6,905,565	4,913	16,283,562	-9,373,084
31-Dec-2010	GBP	14,136,373	5,030,414	6,158	7,711,379	-2,674,807	-2,674,893
30-Jun-2010	GBP	27,112,109		11,619	12,456,130	-3,439,184	-5,439,586
30-Jun-2009	GBP	25,464,548	6,813,731	46,138	13,631,603	1,068,577	-5,703,157

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Share Capital	Retained Earnings	Net Assets
31-Dec-2019	GBP	947	19,975,845	232,163,556		1,002	222,128,527	222,129,529
31-Dec-2018	GBP	344,502	19,518,123	393,399,465		1,001	15,984,049	15,985,050
31-Dec-2017	GBP	925,846		450,946,008		1,000	-71,761,397
31-Dec-2016	GBP	1,568		417,511,436			-76,792,610
31-Dec-2015	GBP	328,234		20,320,191	380,927,100	1,000	-74,538,767	-74,537,767
31-Dec-2014	GBP	150,871		16,906,915	362,290,256	1,000	-70,571,881	-70,570,881
31-Dec-2013	GBP	351,694		7,171,435	340,621,946	1,000	-61,425,470	-61,424,470
31-Dec-2012	GBP			20,075,488	288,813,768	1,000	-46	-46,330,076
31-Dec-2011	GBP	835,178		22,426,330		1,000	-39,025,375	-39,024,375
31-Dec-2010	GBP	962,022		21,503,701		1,000	-29,895,163	-29,894,163
30-Jun-2010	GBP	6,323,980		23,749,019		1,000	-27,220,270
30-Jun-2009	GBP	2,220,142	33,751,171	20,571,926	241,931,034	1,000	-21,780,684	-21,779,684

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2019	GBP	0.10%	1	1,001	1,002	-171,723
31-Dec-2018	GBP	0.10%	1	1,000	1,001	-634,174
31-Dec-2017	GBP	100.00%	1,000	0	1,000	-463,207
31-Dec-2016	GBP	inf%	-1,000	1,000	0	190,299,149

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

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	18 Apr 2024			1 - 0
Resigned	Susan Lisa STANDRING	18 Aug 2016	20 Apr 2022			0 - 1
Active	Christopher MUMFORD	05 Mar 2013	18 Apr 2024			1 - 0
Resigned	Simon John LEE	13 Feb 2009	17 Jun 2016	Financial Controller	British	0 - 3
Resigned	Barry Roy LARGENT	16 Sep 2005	13 Feb 2009			0 - 7
Resigned	CHARTER COURT SECRETARIES LTD	01 May 2003	16 Sep 2005			1 - 38
Resigned	SECRETARIAL LAW LIMITED	10 Nov 1999	01 May 2003			1 - 153
Resigned	Philip Arthur ELLIS	10 Jun 1996	10 Nov 1999			0 - 76
Resigned	Simon Andrew SWEET	13 Oct 1995	10 Jun 1996			0 - 23
Resigned	Maureen POOLEY	20 Sep 1995	13 Oct 1995			0 - 636

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	Keith JOHNSTON	26 Feb 2014	09 Sep 2022	Company Director	British	0 - 4	1 (25.0%)
Resigned	Darryl John CORNEY	09 Aug 2013	28 Jul 2023	Company Director	British	0 - 85	25 (29.4%)
Resigned	John DALE	08 May 2012	29 Dec 2017	Head Of Engineering	British	0 - 2	0 (0.0%)
Active	Clive Eric LINSDELL	01 Jun 2006		Managing Director	British	31 - 27	9 (15.5%)
Resigned	Dawn Caroline MORGAN	15 Jul 2004	31 Oct 2011	Chartered Accountant	British	0 - 12	0 (0.0%)
Resigned	Neil Edward SHAW	17 Jun 2003	31 Dec 2013	Managing Director	British	2 - 28	1 (3.3%)
Resigned	Anthony SPRUCE	23 Nov 1999	31 Mar 2006	Company Director	British	0 - 5	0 (0.0%)
Resigned	Michael Roy RICHARDS	10 Nov 1999	30 Sep 2006	Chartered Accountant	British	7 - 18	2 (8.0%)
Resigned	Paul FAIRCLOUGH	10 Nov 1999	15 Jul 2004	Gas Engineer	British	0 - 5	0 (0.0%)
Resigned	Martin John PALMER	10 Nov 1999	17 Jun 2003	Director	British	0 - 9	2 (22.2%)
Resigned	Edward Barnard HYAMS	01 Apr 1998	10 Nov 1999	Managing Director	British	0 - 42	26 (61.9%)
Resigned	Paul Colin MARSH	30 Sep 1996	10 Nov 1999	Group Finance Director	British	13 - 70	56 (67.5%)
Resigned	James WHELAN	16 Sep 1996	01 Apr 1998	Managing Director	British	0 - 11	6 (54.5%)
Resigned	Eric Edward ANSTEE	10 Jun 1996	24 Feb 1997	Group Finance Director	British	9 - 106	57 (49.6%)
Resigned	John Francis DEVANEY	10 Jun 1996	02 Dec 1998	Executive Chairman	British	0 - 54	30 (55.6%)
Resigned	Philip Arthur ELLIS	13 Oct 1995	10 Jun 1996	Chartered Secretary	British	0 - 76	55 (72.4%)
Resigned	Diana Jane MARSHALL	20 Sep 1995	13 Oct 1995	Solicitor	British	0 - 78	24 (30.8%)
Resigned	Maureen POOLEY	20 Sep 1995	13 Oct 1995	Corporate Controller	English	0 - 636	192 (30.2%)

Number of active directors: 4
Average tenure of active directors: 6.7 years
Average tenure of resigned directors: 4.2 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	2020-03-27	2019-03-27	2016-03-27	2015-03-27	2014-03-27
BUUK INFRASTRUCTURE NO 2 LIMITED	ORDINARY	1,002 100%	1,001 100%	0 0%	0 0%	0 0%
GPL INVESTMENTS LIMITED	ORDINARY	0 0%	0 0%	1,000 100%	1,000 100%	1,000 100%

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%:The Gas Transportation Company Limited (29431 - Guernsey) ceased
>75%:Gpl Investments Limited (06003420 - United Kingdom) ceased

Controlling entities above

GTC 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%	79565
2023-01-01	2023-06-30	12	0%	0%	74289
2022-07-01	2022-12-31	11	0%	0%	66177
2021-07-01	2021-12-31		%	%	53423
2021-01-01	2021-06-30		%	%	48358
2020-07-01	2020-12-31		%	%	41967
2020-01-01	2020-06-30		%	%	33117
2019-07-01	2019-12-31		%	%	26811
2019-01-01	2019-06-30		%	%	20989
2018-07-01	2018-12-31		%	%	10313
2018-01-01	2018-06-30		%	%	5500

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 49500 Transport via pipeline)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
NORTHERN GAS NETWORKS LIMITED	1100 CENTURY WAY, THORPE PARK BUSINESS PARK, COLTON LEEDS, LS15 8TU	05167070	2018-03-31	411,048,000	110,728,000
INTERCONNECTOR (UK) LIMITED	15-16 BUCKINGHAM STREET, LONDON, ENGLAND, WC2N 6DU	02989838	2017-12-31	186,065,000	90,945,000
GTC PIPELINES LIMITED	SYNERGY HOUSE WINDMILL AVENUE, WOOLPIT, BURY ST. EDMUNDS, ENGLAND, IP30 9UP	03104203	2017-12-31	64,352,731	5,031,213
TRANSCARGO SERVICES LIMITED	4 DEVONSHIRE STREET, SUITE G4, LONDON, ENGLAND, W1W 5DT	04983353	2017-12-31	56,477,426	0	52103-Operation of warehousing and storage facilities for land transport activities
MAINLINE PIPELINES LIMITED	27TH FLOOR 1 CANADA SQUARE, CANARY WHARF, LONDON, UNITED KINGDOM, E14 5AA	00995545	2017-12-31	19,386,000	9,239,000
MILTON GRANGE ENGINEERING LIMITED	12 COATE CLOSE, HEMLINGTON, MIDDLESBROUGH, CLEVELAND, TS8 9RA	06295048	2019-06-30	69,640	0

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
GTC 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