Pipeline Induction Heat Limited

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pipeline induction heat limited Company Information

Company Number

01478556

Next Accounts

154 days late

Directors

Paul McShane

Bruno Teixeira

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Shareholders

pih holdings ltd

Group Structure

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Industry

Treatment and coating of metals

Registered Address

the pipeline centre, farrington road, burnley, lancashire, BB11 5SW

Website

www.pipelineinductionheat.com

pipeline induction heat limited Estimated Valuation

£21.3m

Pomanda estimates the enterprise value of PIPELINE INDUCTION HEAT LIMITED at £21.3m based on Net Assets of £8.5m and 2.52x industry multiple (adjusted for liquidity).

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Pipeline Induction Heat Limited is a live company located in burnley, BB11 5SW with a Companies House number of 01478556. It operates in the treatment and coating of metals sector, SIC Code 25610. Founded in February 1980, it's largest shareholder is pih holdings ltd with a 100% stake. Pipeline Induction Heat Limited is a mature, large sized company, Pomanda has estimated its turnover at £29.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Pipeline Induction Heat Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

6 Strong

0 Regular

6 Weak

Size

annual sales of £29.3m, make it larger than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (-0.8%)

EXPORT

Pipeline Induction Heat Limited's latest turnover from December 2022 is £29.3 million and the company has net assets of £8.5 million. According to their latest financial statements, Pipeline Induction Heat Limited has 126 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	Mar 2010
Turnover	29,257,000	20,637,286	20,673,510	20,173,251	39,953,634	42,888,384	65,787,860	50,413,495	41,522,081	36,699,271	30,455,578	26,280,151	22,809,650	23,547,707
Other Income Or Grants
Cost Of Sales	30,294,000	19,133,014	18,546,234	17,565,901	30,367,621	37,698,219	48,770,616	42,614,269	28,481,954	28,090,353	26,332,529	19,988,949	16,270,822	16,855,057
Gross Profit	-1,037,000	1,504,272	2,127,276	2,607,350	9,586,013	5,190,165	17,017,244	7,799,226	13,040,127	8,608,918	4,123,049	6,291,202	6,538,828	6,692,650
Admin Expenses	3,446,000	3,638,870	3,223,947	4,409,325	14,251,696	5,854,950	6,836,955	6,169,131	4,257,966	5,475,405	3,047,280	3,979,885	2,819,333	3,961,697
Operating Profit	-4,483,000	-2,134,598	-1,096,671	-1,801,975	-4,665,683	-664,785	10,180,289	1,630,095	8,782,161	3,133,513	1,075,769	2,311,317	3,719,495	2,730,953
Interest Payable	26,000		1,515				36,383	87,993	287,519	83,493	53,429	61,602	3,141	3,338
Interest Receivable	148,000	157,135		51,151	1,086,108	41,653	177,023	19,506		711	1,832	36,689	2,394	14
Pre-Tax Profit	-4,361,000	-1,977,463	-1,098,186	-1,750,824	-3,579,575	-623,132	10,320,929	1,561,608	8,494,642	3,050,731	1,024,172	2,286,404	3,718,748	2,727,629
Tax	-1,408,000	-12,934	-722,475	-659,093	-35,536	-1,935,063	-3,202,104	-1,386,598	-140,917	-335,483	-807,732	527,934	-348,764	-959,216
Profit After Tax	-5,769,000	-1,990,397	-1,820,661	-2,409,917	-3,615,111	-2,558,195	7,118,825	175,010	8,353,725	2,715,248	216,440	2,814,338	3,369,984	1,768,413
Dividends Paid														578,726
Retained Profit	-5,769,000	-1,990,397	-1,820,661	-2,409,917	-3,615,111	-2,558,195	7,118,825	175,010	8,353,725	2,715,248	216,440	2,814,338	3,369,984	1,189,687
Employee Costs	9,575,000	9,169,665	8,145,421	8,961,837	14,982,840	17,344,059	19,273,359	17,339,916	9,637,182	8,472,169	6,066,356	5,818,026	4,276,862	5,513,034
Number Of Employees	126	117	116	127	129	132	147	169	135	130	91	92	98	95
EBITDA*	-2,733,000	-355,812	754,747	513,584	-2,358,162	1,712,162	13,210,274	5,214,014	10,909,233	4,714,438	2,330,182	3,437,737	4,525,414	3,689,526

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	Mar 2010
Tangible Assets	8,404,000	8,034,378	9,360,825	11,030,009	12,838,658	15,126,215	19,168,427	19,046,277	13,468,249	9,035,110	5,883,142	4,011,344	3,214,942	3,191,834
Intangible Assets
Investments & Other
Debtors (Due After 1 year)		801,775	1,603,552					500,000	700,000
Total Fixed Assets	8,404,000	8,836,153	10,964,377	11,030,009	12,838,658	15,126,215	19,168,427	19,546,277	14,168,249	9,035,110	5,883,142	4,011,344	3,214,942	3,191,834
Stock & work in progress	1,565,000	7,529,437	7,070,172	5,304,006	4,290,310	3,184,351	2,206,338	4,169,336	3,957,066	1,894,970	3,895,499	1,955,445	3,206,058	2,466,896
Trade Debtors	10,624,000	9,666,280	5,431,957	2,599,962	3,006,140	10,378,826	15,448,847	14,583,985	17,949,949	14,405,106	12,718,804	9,433,823	9,926,086	8,070,814
Group Debtors	6,465,000	2,062,896	2,472,691	5,453,901	24,018,648	9,533,187	5,619,190	10,023,073	21,786,133	13,579,582	8,323,729	5,055,325	4,165,211	4,398,178
Misc Debtors	1,140,000	1,611,880	2,837,058	2,335,532	2,778,471	1,170,242	1,446,917	3,135,558	1,991,326	1,302,244	1,197,549	408,020	1,606,786	1,964,653
Cash	1,884,000	1,638	234,107	140,794	1,161,814	20,700,380	10,933,767	4,393,722	36,450	215,704	1,404,416	1,512,096	1,064,510	1,218,805
misc current assets
total current assets	21,678,000	20,872,131	18,045,985	15,834,195	35,255,383	44,966,986	35,655,059	36,305,674	45,720,924	31,397,606	27,539,997	18,364,709	19,968,651	18,119,346
total assets	30,082,000	29,708,284	29,010,362	26,864,204	48,094,041	60,093,201	54,823,486	55,851,951	59,889,173	40,432,716	33,423,139	22,376,053	23,183,593	21,311,180
Bank overdraft
Bank loan
Trade Creditors	4,945,000	1,400,436	1,999,829	740,211	2,605,317	4,108,837	2,316,560	3,112,342	5,997,138	1,322,205	3,136,828	1,839,981	701,798	2,003,764
Group/Directors Accounts	8,569,000	5,634,204	2,765,211	2,984,086	15,958,535	8,470,413	6,970,036	17,305,864	22,878,883	15,167,627	9,077,221	626,056		1,271,160
other short term finances
hp & lease commitments												1,253	14,800	14,800
other current liabilities	6,940,000	7,398,410	6,979,691	4,053,615	8,033,980	12,268,984	15,092,811	12,108,491	7,862,908	9,146,365	9,127,819	8,168,381	13,525,253	8,433,588
total current liabilities	20,454,000	14,433,050	11,744,731	7,777,912	26,597,832	24,848,234	24,379,407	32,526,697	36,738,929	25,636,197	21,341,868	10,635,671	14,241,851	11,723,312
loans						10,133,647
hp & lease commitments													1,253	12,532
Accruals and Deferred Income
other liabilities
provisions	1,159,000
total long term liabilities	1,159,000					10,133,647							1,253	12,532
total liabilities	21,613,000	14,433,050	11,744,731	7,777,912	26,597,832	34,981,881	24,379,407	32,526,697	36,738,929	25,636,197	21,341,868	10,635,671	14,243,104	11,735,844
net assets	8,469,000	15,275,234	17,265,631	19,086,292	21,496,209	25,111,320	30,444,079	23,325,254	23,150,244	14,796,519	12,081,271	11,740,382	8,940,489	9,575,336
total shareholders funds	8,469,000	15,275,234	17,265,631	19,086,292	21,496,209	25,111,320	30,444,079	23,325,254	23,150,244	14,796,519	12,081,271	11,740,382	8,940,489	9,575,336

	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	Mar 2010
Operating Activities
Operating Profit	-4,483,000	-2,134,598	-1,096,671	-1,801,975	-4,665,683	-664,785	10,180,289	1,630,095	8,782,161	3,133,513	1,075,769	2,311,317	3,719,495	2,730,953
Depreciation	1,750,000	1,778,786	1,851,418	2,315,559	2,307,521	2,376,947	3,029,985	3,583,919	2,127,072	1,580,925	1,254,413	1,126,420	805,919	958,573
Amortisation
Tax	-1,408,000	-12,934	-722,475	-659,093	-35,536	-1,935,063	-3,202,104	-1,386,598	-140,917	-335,483	-807,732	527,934	-348,764	-959,216
Stock	-5,964,437	459,265	1,766,166	1,013,696	1,105,959	978,013	-1,962,998	212,270	2,062,096	-2,000,529	1,940,054	-1,250,613	3,206,058	2,466,896
Debtors	4,086,169	1,797,573	1,955,863	-19,413,864	8,721,004	-1,432,699	-5,727,662	-14,184,792	13,140,476	7,046,850	7,342,914	-800,915	15,698,083	14,433,645
Creditors	3,544,564	-599,393	1,259,618	-1,865,106	-1,503,520	1,792,277	-795,782	-2,884,796	4,674,933	-1,814,623	1,296,847	1,138,183	701,798	2,003,764
Accruals and Deferred Income	-458,410	418,719	2,926,076	-3,980,365	-4,235,004	-2,823,827	2,984,320	4,245,583	-1,283,457	18,546	959,438	-5,356,872	13,525,253	8,433,588
Deferred Taxes & Provisions	1,159,000
Cash flow from operations	1,982,422	-2,806,258	495,937	12,409,188	-17,959,185	-799,765	19,887,368	19,160,725	-1,042,780	-2,463,443	-5,504,233	1,798,510	-500,440	-3,732,879
Investing Activities
capital expenditure	-2,119,622	-452,339	-182,234	-506,910	-19,964	1,665,265	-3,152,135	-9,161,947	-6,560,211	-4,732,893	-3,126,211	-1,922,822	-4,020,861
Change in Investments
cash flow from investments	-2,119,622	-452,339	-182,234	-506,910	-19,964	1,665,265	-3,152,135	-9,161,947	-6,560,211	-4,732,893	-3,126,211	-1,922,822	-4,020,861
Financing Activities
Bank loans
Group/Directors Accounts	2,934,796	2,868,993	-218,875	-12,974,449	7,488,122	1,500,377	-10,335,828	-5,573,019	7,711,256	6,090,406	8,451,165	626,056		1,271,160
Other Short Term Loans
Long term loans					-10,133,647	10,133,647
Hire Purchase and Lease Commitments											-1,253	-14,800	16,053	27,332
other long term liabilities
share issue	-1,037,234					-2,774,564					124,449	-14,445	5,570,505	8,385,649
interest	122,000	157,135	-1,515	51,151	1,086,108	41,653	140,640	-68,487	-287,519	-82,782	-51,597	-24,913	-747	-3,324
cash flow from financing	2,019,562	3,026,128	-220,390	-12,923,298	-1,559,417	8,901,113	-10,195,188	-5,641,506	7,423,737	6,007,624	8,522,764	571,898	5,585,811	9,680,817
cash and cash equivalents
cash	1,882,362	-232,469	93,313	-1,021,020	-19,538,566	9,766,613	6,540,045	4,357,272	-179,254	-1,188,712	-107,680	447,586	1,064,510	1,218,805
overdraft
change in cash	1,882,362	-232,469	93,313	-1,021,020	-19,538,566	9,766,613	6,540,045	4,357,272	-179,254	-1,188,712	-107,680	447,586	1,064,510	1,218,805

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PIPELINE INDUCTION HEAT LIMITED group structure

Pipeline Induction Heat Limited has no subsidiary companies.

Ultimate parent company

ALTER DOMUS (US) LLC

#0149827

P I H HOLDINGS LIMITED

03335609

2 parents

PIPELINE INDUCTION HEAT LIMITED

01478556

PIPELINE INDUCTION HEAT LIMITED Shareholders

pih holdings ltd

100%

Pipeline Induction Heat Limited currently has 5 directors. The longest serving directors include Mr Paul McShane (Nov 2016) and Mr Bruno Teixeira (Dec 2021).

officer	country	age	start	end	role
Mr Paul McShane	England	46 years	Nov 2016	-	Director
Mr Bruno Teixeira	England	42 years	Dec 2021	-	Director
Mr Frederic Castrec		54 years	Aug 2022	-	Director
Mr James MacKay		62 years	Aug 2022	-	Director
Mr Duncan Holland		47 years	Jul 2024	-	Director

P&L

December 2022

turnover

29.3m

+42%

operating profit

-4.5m

+110%

gross margin

-3.5%

-148.63%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

8.5m

-0.45%

total assets

30.1m

+0.01%

cash

1.9m

+1149.18%

net assets

Total assets minus all liabilities

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company number

01478556

Type

Private limited with Share Capital

industry

25610 - Treatment and coating of metals

incorporation date

February 1980

ultimate parent company

ALTER DOMUS (US) LLC

previous names

N/A

address

the pipeline centre, farrington road, burnley, lancashire, BB11 5SW

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We found 7 charges/mortgages relating to pipeline induction heat limited. Currently there are 4 open charges and 3 have been satisfied in the past.

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pipeline induction heat limited Company Information

pipeline induction heat limited Estimated Valuation

pipeline induction heat limited Estimated Valuation

pipeline induction heat limited Estimated Valuation

Pipeline Induction Heat Limited Overview

Pipeline Induction Heat Limited Health Check

PIPELINE INDUCTION HEAT LIMITED financials

pipeline induction heat limited Credit Report and Business Information

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pipeline induction heat limited Ownership

pipeline induction heat limited directors

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pipeline induction heat limited Charges & Mortgages

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