PIPEFLEX SYSTEMS LTD

GOOCH AVENUE BARRINGTON INDUSTRIAL ESTATE, BEDLINGTON, NORTHUMBERLAND, NE22 7DQ

Company Number: 12376681
Incorporation date: 23-Dec-2019
Status: Active
Entity type: Private Limited Company

SIC codes:
24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel





SUMMARY

This company is 4.6 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -149.2 thousand which has worsened since the previous year's figure of GBP -124.2 thousand. Although the P&L is not published, we can infer from the Balance Sheet that Net Loss was GBP 24.9 thousand in the last reported period. 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 (GBP -149.2 thousand), which means the company has aggregate losses since it's inception; given that the company is a start-up, this is not surprising. The company has 2 active officers (directors or partners) who are or were officers of 24 other companies, 5 (20.8%) 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-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2023 GBP 10,583 623,080 519,681 371,667 50 -149,212 -149,162
31-Mar-2022 GBP 12,836 381,737 238,996 381,667 50 -124,289 -124,239
31-Mar-2021 GBP 126,084 436,500 292,645 350,803 50 -112,242 -112,192

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)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Kenneth Brian BEATTIE 23 Dec 2019 Managing Director British 14 - 146 (21.4%)
Active Malcolm BIRCHALL 23 Dec 2019 Engineering Director British 1 - 00 (0.0%)
Number of active directors: 2
Average tenure of active directors: 4.6 years
Average tenure of resigned directors: no resignations yet
Average active director Dissolution Rate: 10.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
METREEL LIMITED (00949482) - Active
DERDENCO LIMITED (01415236) - Dissolved
OIL AND GAS INSTALLATIONS LIMITED (01526479) - Active
SOUTH EAST NORTHUMBERLAND ENTERPRISE TRUST LIMITED (01822506) - Dissolved
MORPETH TOWN ASSOCIATION FOOTBALL CLUB LIMITED (02860410) - Active
PIPEFLEX LIMITED (03473366) - Active
BRAZENLIGHT LIMITED (03891470) - Active
THE NORTHERN PREMIER FOOTBALL LEAGUE LIMITED (04116935) - Active
NORTHUMBERLAND BUSINESS SERVICE LIMITED (04121893) - Active
TECHFLOW MARINE LTD (05505237) - Active
CARIOCA ASSETS LIMITED (06245705) - Active - Proposal to Strike off
TTLX LIMITED (07042863) - Active
MORPETH TOWN FOOTBALL CLUB 2010 LIMITED (07318705) - Dissolved
TFHL LIMITED (07963284) - Active
ENVIRO PROPERTY PARTNERS LIMITED (08018351) - Active
FLEXIBLE ENGINEERED SOLUTIONS SUBSEA LIMITED (08977597) - Dissolved
GATES ENGINEERING & SERVICES UK HOLDINGS LIMITED (10785296) - Active
GATES ENGINEERING & SERVICES UK LIMITED (10806154) - Active
CASTLE SQUARE MORPETH LIMITED (11355558) - Active
TECHFLOW PRODUCTION LOGGING SERVICES LIMITED (11424435) - Dissolved
BOAT FARM HOLIDAYS LIMITED (11862437) - Active
PIPEFLEX SYSTEMS LTD (12376681) - Active
TECHFLOW MARINE HOLDINGS LTD (14656734) - Active
TECHFLOW MARINE (PORTS & TERMINALS) LTD (15366121) - Active
TECHFLOW MARINE (FLEXIBLES) LTD (15366526) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PIPEFLEX SYSTEMS LTD

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: 24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
HOWCO GROUP PLC FOUNTAIN HOUSE 2ND FLOOR, 1-3 WOODSIDE CRESCENT, GLASGOW, G3 7UL SC079844 2018-03-31 105,646,000 -2,056,000
VALLOUREC OIL & GAS UK LTD. CLYDESDALE WORKS, CLYDESDALE ROAD, BELLSHILL, LANARKSHIRE, ML4 2RR SC147386 2017-12-31 79,163,000 -4,963,000
TI GROUP AUTOMOTIVE SYSTEMS (UK) LIMITED 4650 KINGSGATE CASCADE WAY, OXFORD BUSINESS PARK SOUTH, OXFORD, OXFORDSHIRE, OX4 2SU 00784687 2018-12-31 35,344,000 41,785,000
FINE TUBES LIMITED 2 NEW STAR ROAD, LEICESTER, LEICESTERSHIRE, UNITED KINGDOM, LE4 9JD 00381159 2017-12-31 40,899,000 1,509,000
A C STEELS LTD INTERNATIONAL HOUSE, FRYERS ROAD, BLOXWICH, WALSALL, WS2 7LY 06759649 2017-12-31 20,388,316 0
GAME HOLDINGS LIMITED CAMP ROAD, WITHAM ST. HUGHS, LINCOLN, LINCOLNSHIRE, LN6 9TW 02102980 2018-03-31 6,136,039 0
MR GATES FABRICATION SPECIALISTS LIMITED BUILDING 18, GATEWAY 1000 WHITTLE WAY, ARLINGTON BUSINESS PARK, STEVENAGE, HERTFORDSHIRE, ENGLAND, SG1 2FP 06883838 2018-04-30 2,549,602 0
BARON SPRINGS LTD 70 STRATHCLYDE STREET, GLASGOW, G40 4JR SC265454 2018-04-30 86,105 0
AMT WELDING LIMITED 32 RIDGEWAY, PETERBOROUGH, ENGLAND, PE2 8HQ 08995207 2019-03-31 55,293 0
C BRADLEY FABRICATIONS LIMITED 23 WORDSWORTH ROAD, BEDWORTH, ENGLAND, CV12 9HB 06198879 2019-04-30 4,278 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
PIPEFLEX SYSTEMS LTD 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.7% 3.7% 7.0% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
Do you have a dispute with a business?
Make it public