p.j. pipe & valve co. limited
p.j. pipe & valve co. limited Company Information
Company Number
01271151
Website
www.pjvalves.comRegistered Address
4 post office walk, hertford, SG14 1DL
Industry
Manufacture of other taps and valves
Non-specialised wholesale trade
Telephone
01992587878
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
p j valves holdings ltd 100%
p.j. pipe & valve co. limited Estimated Valuation
Pomanda estimates the enterprise value of P.J. PIPE & VALVE CO. LIMITED at £21.2b based on a Turnover of £16.3b and 1.31x industry multiple (adjusted for size and gross margin).
p.j. pipe & valve co. limited Estimated Valuation
Pomanda estimates the enterprise value of P.J. PIPE & VALVE CO. LIMITED at £17.1b based on an EBITDA of £1.7b and a 9.91x industry multiple (adjusted for size and gross margin).
p.j. pipe & valve co. limited Estimated Valuation
Pomanda estimates the enterprise value of P.J. PIPE & VALVE CO. LIMITED at £6.4b based on Net Assets of £3.4b and 1.89x industry multiple (adjusted for liquidity).
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P.j. Pipe & Valve Co. Limited Overview
P.j. Pipe & Valve Co. Limited is a live company located in hertford, SG14 1DL with a Companies House number of 01271151. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in July 1976, it's largest shareholder is p j valves holdings ltd with a 100% stake. P.j. Pipe & Valve Co. Limited is a mature, mega sized company, Pomanda has estimated its turnover at £16.3b with rapid growth in recent years.
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P.j. Pipe & Valve Co. Limited Health Check
Pomanda's financial health check has awarded P.J. Pipe & Valve Co. Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £16.3b, make it larger than the average company (£19.5m)
£16.3b - P.j. Pipe & Valve Co. Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 1258%, show it is growing at a faster rate (5%)
- P.j. Pipe & Valve Co. Limited
5% - Industry AVG
Production
with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)
28.8% - P.j. Pipe & Valve Co. Limited
28.8% - Industry AVG
Profitability
an operating margin of 10.3% make it more profitable than the average company (6.1%)
10.3% - P.j. Pipe & Valve Co. Limited
6.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (70)
10 - P.j. Pipe & Valve Co. Limited
70 - Industry AVG
Pay Structure
on an average salary of £134.5m, the company has a higher pay structure (£45.8k)
£134.5m - P.j. Pipe & Valve Co. Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.6b, this is more efficient (£260.4k)
£1.6b - P.j. Pipe & Valve Co. Limited
£260.4k - Industry AVG
Debtor Days
it gets paid by customers after 129 days, this is later than average (61 days)
129 days - P.j. Pipe & Valve Co. Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 130 days, this is slower than average (44 days)
130 days - P.j. Pipe & Valve Co. Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is less than average (92 days)
20 days - P.j. Pipe & Valve Co. Limited
92 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (10 weeks)
5 weeks - P.j. Pipe & Valve Co. Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.6%, this is a higher level of debt than the average (48.5%)
74.6% - P.j. Pipe & Valve Co. Limited
48.5% - Industry AVG
P.J. PIPE & VALVE CO. LIMITED financials
P.J. Pipe & Valve Co. Limited's latest turnover from December 2023 is £16.3 billion and the company has net assets of £3.4 billion. According to their latest financial statements, P.J. Pipe & Valve Co. Limited has 10 employees and maintains cash reserves of £911.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 16,250,110,000 | 14,044,704,000 | 5,263,000 | 11,076,354 | 5,032,830 | 3,543,300 | 9,015,238 | ||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 1,317,959 | 5,393,894 | |||||||||||||
| Gross Profit | 2,225,341 | 3,621,344 | |||||||||||||
| Admin Expenses | 1,279,893 | 1,736,615 | |||||||||||||
| Operating Profit | 1,674,241,000 | 590,871,000 | -499,000 | 348,638 | 83,235 | 945,448 | 1,884,729 | ||||||||
| Interest Payable | 125,760,000 | 83,508,000 | 26,000 | 13,671 | 3,070 | 0 | 0 | ||||||||
| Interest Receivable | 2,670,000 | 42,000 | 0 | 1,810 | 4,394 | 9,376 | 7,611 | ||||||||
| Pre-Tax Profit | 1,551,151,000 | 507,405,000 | -525,000 | 336,777 | 84,559 | 954,824 | 1,892,340 | ||||||||
| Tax | -195,802,000 | -44,844,000 | 207,000 | -5,786 | 9,211 | -257,238 | -532,099 | ||||||||
| Profit After Tax | 1,355,349,000 | 462,561,000 | -318,000 | 330,991 | 93,770 | 697,586 | 1,360,241 | ||||||||
| Dividends Paid | 0 | 0 | 0 | 50,000 | 0 | 1,200,000 | 1,000,000 | ||||||||
| Retained Profit | 1,355,349,000 | 462,561,000 | -318,000 | 280,991 | 93,770 | -502,414 | 360,241 | ||||||||
| Employee Costs | 1,345,082,000 | 1,034,375,000 | 0 | 0 | 876,385 | 1,156,322 | |||||||||
| Number Of Employees | 10 | 11 | 14 | 19 | 21 | 24 | 22 | 18 | 19 | 21 | |||||
| EBITDA* | 1,727,597,000 | 605,388,000 | -444,000 | 373,059 | 147,334 | 1,014,004 | 1,962,734 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 44,907,000 | 111,101,000 | 41,000 | 139,000 | 135,221 | 65,150 | 185,773 | 151,904 | 167,394 | 172,484 | 81,071 | 134,553 | 112,463 | 155,606 | 160,636 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,250 | 6,250 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 148,810,000 | 189,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 44,907,000 | 259,911,000 | 230,000 | 139,000 | 135,221 | 65,150 | 185,773 | 151,904 | 167,394 | 172,484 | 87,321 | 140,803 | 112,463 | 155,606 | 160,636 |
| Stock & work in progress | 637,818,000 | 154,237,000 | 482,000 | 1,674,000 | 285,290 | 338,599 | 48,759 | 0 | 113,682 | 38,704 | 318,295 | 215,523 | 95,849 | 25,749 | 0 |
| Trade Debtors | 5,776,116,000 | 4,910,618,000 | 2,052,000 | 1,454,000 | 2,098,869 | 1,538,632 | 2,116,325 | 1,634,774 | 3,116,356 | 2,355,571 | 1,578,104 | 1,248,743 | 264,866 | 603,089 | 2,558,812 |
| Group Debtors | 5,745,553,000 | 3,525,752,000 | 3,392,000 | 2,402,000 | 2,129,574 | 2,386,471 | 984,772 | 576,769 | 135,162 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 334,294,000 | 693,647,000 | 1,054,000 | 544,000 | 3,269,100 | 488,852 | 256,808 | 266,200 | 1,128,666 | 0 | 0 | 0 | 0 | 55,537 | 246,121 |
| Cash | 911,678,000 | 774,388,000 | 1,141,000 | 490,000 | 251,305 | 516,161 | 1,200,258 | 946,578 | 1,575,308 | 1,090,560 | 1,325,146 | 1,257,940 | 2,105,006 | 1,713,847 | 2,991,615 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 13,405,459,000 | 10,058,642,000 | 8,121,000 | 6,564,000 | 8,034,138 | 5,268,715 | 4,606,922 | 3,424,321 | 6,069,174 | 3,484,835 | 3,221,545 | 2,722,206 | 2,465,721 | 2,398,222 | 5,796,548 |
| total assets | 13,450,366,000 | 10,318,553,000 | 8,351,000 | 6,703,000 | 8,169,359 | 5,333,865 | 4,792,695 | 3,576,225 | 6,236,568 | 3,657,319 | 3,308,866 | 2,863,009 | 2,578,184 | 2,553,828 | 5,957,184 |
| Bank overdraft | 0 | 0 | 258,000 | 465,000 | 779,260 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 236,364,000 | 340,530,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,126,436,000 | 1,425,910,000 | 1,000,000 | 1,052,000 | 1,435,075 | 1,416,787 | 1,178,583 | 752,080 | 4,614,304 | 1,698,974 | 1,684,456 | 1,119,010 | 563,935 | 318,857 | 2,402,843 |
| Group/Directors Accounts | 506,802,000 | 815,372,000 | 1,454,000 | 1,413,000 | 1,154,529 | 1,046,450 | 416,530 | 666,244 | 7,273 | 0 | 0 | 0 | 0 | 306 | 313,637 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 14,188,000 | 25,132,000 | 11,000 | 11,000 | 54,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,611,058,000 | 4,511,201,000 | 2,528,000 | 1,464,000 | 2,288,526 | 606,717 | 660,233 | 374,700 | 533,370 | 0 | 0 | 0 | 0 | 445,533 | 962,205 |
| total current liabilities | 8,494,848,000 | 7,118,145,000 | 5,251,000 | 4,405,000 | 5,712,101 | 3,069,954 | 2,255,346 | 1,793,024 | 5,154,947 | 1,698,974 | 1,684,456 | 1,119,010 | 563,935 | 764,696 | 3,678,685 |
| loans | 709,091,000 | 945,454,000 | 1,286,000 | 240,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 37,619,000 | 62,642,000 | 22,000 | 33,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 797,480,000 | 136,333,000 | 199,000 | 114,000 | 143,519 | 231,163 | 598,371 | 22,507 | 18,993 | 15,100 | 10,307 | 13,541 | 12,168 | 16,422 | 3,375 |
| total long term liabilities | 1,544,190,000 | 1,144,429,000 | 1,507,000 | 387,000 | 143,519 | 231,163 | 598,371 | 22,507 | 18,993 | 15,100 | 10,307 | 13,541 | 12,168 | 16,422 | 3,375 |
| total liabilities | 10,039,038,000 | 8,262,574,000 | 6,758,000 | 4,792,000 | 5,855,620 | 3,301,117 | 2,853,717 | 1,815,531 | 5,173,940 | 1,714,074 | 1,694,763 | 1,132,551 | 576,103 | 781,118 | 3,682,060 |
| net assets | 3,411,328,000 | 2,055,979,000 | 1,593,000 | 1,911,000 | 2,313,739 | 2,032,748 | 1,938,978 | 1,760,694 | 1,062,628 | 1,943,245 | 1,614,103 | 1,730,458 | 2,002,081 | 1,772,710 | 2,275,124 |
| total shareholders funds | 3,411,328,000 | 2,055,979,000 | 1,593,000 | 1,911,000 | 2,313,739 | 2,032,748 | 1,938,978 | 1,760,694 | 1,062,628 | 1,943,245 | 1,614,103 | 1,730,458 | 2,002,081 | 1,772,710 | 2,275,124 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,674,241,000 | 590,871,000 | -499,000 | 348,638 | 83,235 | 945,448 | 1,884,729 | ||||||||
| Depreciation | 53,356,000 | 14,517,000 | 55,000 | 54,000 | 24,421 | 64,099 | 57,900 | 59,510 | 58,418 | 42,508 | 25,684 | 42,293 | 51,504 | 68,556 | 78,005 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -195,802,000 | -44,844,000 | 207,000 | -5,786 | 9,211 | -257,238 | -532,099 | ||||||||
| Stock | 483,581,000 | 153,755,000 | -1,192,000 | 1,388,710 | -53,309 | 289,840 | 48,759 | -113,682 | 74,978 | -279,591 | 102,772 | 119,674 | 70,100 | 25,749 | 0 |
| Debtors | 2,577,136,000 | 9,272,140,000 | 2,287,000 | -3,097,543 | 3,083,588 | 1,056,050 | 880,162 | -1,902,441 | 2,024,613 | 777,467 | 329,361 | 983,877 | -393,760 | -2,146,307 | 2,804,933 |
| Creditors | 2,700,526,000 | 1,424,910,000 | -52,000 | -383,075 | 18,288 | 238,204 | 426,503 | -3,862,224 | 2,915,330 | 14,518 | 565,446 | 555,075 | 245,078 | -2,083,986 | 2,402,843 |
| Accruals and Deferred Income | -900,143,000 | 4,508,673,000 | 1,064,000 | -824,526 | 1,681,809 | -53,516 | 285,533 | -158,670 | 533,370 | 0 | 0 | 0 | -445,533 | -516,672 | 962,205 |
| Deferred Taxes & Provisions | 661,147,000 | 136,134,000 | 85,000 | -29,519 | -87,644 | -367,208 | 575,864 | 3,514 | 3,893 | 4,793 | -3,234 | 1,373 | -4,254 | 13,047 | 3,375 |
| Cash flow from operations | 932,608,000 | -2,795,634,000 | -235,000 | -1,050,553 | -1,371,865 | 289,713 | 1,994,125 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | -66,279 | -100,836 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,250 | 0 | 6,250 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | -66,279 | -100,836 | |||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -104,166,000 | 340,530,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -308,570,000 | 813,918,000 | 41,000 | 258,471 | 108,079 | 629,920 | -249,714 | 658,971 | 7,273 | 0 | 0 | 0 | -306 | -313,331 | 313,637 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -236,363,000 | 944,168,000 | 1,046,000 | 240,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -35,967,000 | 87,741,000 | -11,000 | -10,711 | 54,711 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -123,090,000 | -83,466,000 | -26,000 | -11,861 | 1,324 | 9,376 | 7,611 | ||||||||
| cash flow from financing | -808,156,000 | 3,694,716,000 | 1,050,000 | 150,929 | 631,244 | -303,955 | 2,236,131 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 137,290,000 | 773,247,000 | 651,000 | 238,695 | -264,856 | -684,097 | 253,680 | -628,730 | 484,748 | -234,586 | 67,206 | -847,066 | 391,159 | -1,277,768 | 2,991,615 |
| overdraft | 0 | -258,000 | -207,000 | -314,260 | 779,260 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 137,290,000 | 773,505,000 | 858,000 | 552,955 | -1,044,116 | -684,097 | 253,680 | -628,730 | 484,748 | -234,586 | 67,206 | -847,066 | 391,159 | -1,277,768 | 2,991,615 |
p.j. pipe & valve co. limited Credit Report and Business Information
P.j. Pipe & Valve Co. Limited Competitor Analysis
Perform a competitor analysis for p.j. pipe & valve co. limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in SG14 area or any other competitors across 12 key performance metrics.
p.j. pipe & valve co. limited Ownership
P.J. PIPE & VALVE CO. LIMITED group structure
P.J. Pipe & Valve Co. Limited has no subsidiary companies.
Ultimate parent company
1 parent
P.J. PIPE & VALVE CO. LIMITED
01271151
p.j. pipe & valve co. limited directors
P.J. Pipe & Valve Co. Limited currently has 5 directors. The longest serving directors include Mr Daniel Munro (Oct 2001) and Mr Steven Charles (Jan 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Munro | United Kingdom | 50 years | Oct 2001 | - | Director |
| Mr Steven Charles | United Kingdom | 53 years | Jan 2003 | - | Director |
| Mr Kenneth Kmiec | United Kingdom | 55 years | Jan 2022 | - | Director |
| Mr Philip Goodmaker | 77 years | Jan 2022 | - | Director | |
| Mr James Moir | 50 years | Jan 2022 | - | Director |
P&L
December 2023turnover
16.3b
+16%
operating profit
1.7b
+183%
gross margin
28.8%
-2.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.4b
+0.66%
total assets
13.5b
+0.3%
cash
911.7m
+0.18%
net assets
Total assets minus all liabilities
p.j. pipe & valve co. limited company details
company number
01271151
Type
Private limited with Share Capital
industry
24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
28140 - Manufacture of other taps and valves
46900 - Non-specialised wholesale trade
incorporation date
July 1976
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRAVITA AUDIT II LIMITED
address
4 post office walk, hertford, SG14 1DL
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
p.j. pipe & valve co. limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to p.j. pipe & valve co. limited. Currently there are 2 open charges and 0 have been satisfied in the past.
p.j. pipe & valve co. limited Companies House Filings - See Documents
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