pipetech projects and maintenance limited
pipetech projects and maintenance limited Company Information
Company Number
07106732
Website
www.pipetechgroup.co.ukRegistered Address
7 - 8 britannia business park, comet way, southend on sea, essex, SS2 6GE
Industry
Other business support service activities n.e.c.
Telephone
03335772400
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
james mark boshell 31.7%
ricky anthony kirrane 31.7%
View Allpipetech projects and maintenance limited Estimated Valuation
Pomanda estimates the enterprise value of PIPETECH PROJECTS AND MAINTENANCE LIMITED at £3.7m based on a Turnover of £5.9m and 0.63x industry multiple (adjusted for size and gross margin).
pipetech projects and maintenance limited Estimated Valuation
Pomanda estimates the enterprise value of PIPETECH PROJECTS AND MAINTENANCE LIMITED at £4.5m based on an EBITDA of £900.4k and a 4.94x industry multiple (adjusted for size and gross margin).
pipetech projects and maintenance limited Estimated Valuation
Pomanda estimates the enterprise value of PIPETECH PROJECTS AND MAINTENANCE LIMITED at £2.7m based on Net Assets of £1.2m and 2.27x industry multiple (adjusted for liquidity).
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Pipetech Projects And Maintenance Limited Overview
Pipetech Projects And Maintenance Limited is a live company located in southend on sea, SS2 6GE with a Companies House number of 07106732. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2009, it's largest shareholder is james mark boshell with a 31.7% stake. Pipetech Projects And Maintenance Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.9m with healthy growth in recent years.
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Pipetech Projects And Maintenance Limited Health Check
Pomanda's financial health check has awarded Pipetech Projects And Maintenance Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
1 Weak
Size
annual sales of £5.9m, make it larger than the average company (£3.6m)
- Pipetech Projects And Maintenance Limited
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.5%)
- Pipetech Projects And Maintenance Limited
4.5% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Pipetech Projects And Maintenance Limited
38.2% - Industry AVG
Profitability
an operating margin of 14.8% make it more profitable than the average company (6.2%)
- Pipetech Projects And Maintenance Limited
6.2% - Industry AVG
Employees
with 22 employees, this is similar to the industry average (23)
22 - Pipetech Projects And Maintenance Limited
23 - Industry AVG
Pay Structure
on an average salary of £47.6k, the company has an equivalent pay structure (£47.6k)
- Pipetech Projects And Maintenance Limited
£47.6k - Industry AVG
Efficiency
resulting in sales per employee of £269.9k, this is more efficient (£151.5k)
- Pipetech Projects And Maintenance Limited
£151.5k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (40 days)
- Pipetech Projects And Maintenance Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 84 days, this is slower than average (32 days)
- Pipetech Projects And Maintenance Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Pipetech Projects And Maintenance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 63 weeks, this is more cash available to meet short term requirements (25 weeks)
63 weeks - Pipetech Projects And Maintenance Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.8%, this is a lower level of debt than the average (61.7%)
48.8% - Pipetech Projects And Maintenance Limited
61.7% - Industry AVG
pipetech projects and maintenance limited Credit Report and Business Information
Pipetech Projects And Maintenance Limited Competitor Analysis
Perform a competitor analysis for pipetech projects and maintenance limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pipetech projects and maintenance limited Ownership
PIPETECH PROJECTS AND MAINTENANCE LIMITED group structure
Pipetech Projects And Maintenance Limited has no subsidiary companies.
Ultimate parent company
PIPETECH PROJECTS AND MAINTENANCE LIMITED
07106732
pipetech projects and maintenance limited directors
Pipetech Projects And Maintenance Limited currently has 3 directors. The longest serving directors include Mr James Boshell (Dec 2009) and Mr Ricky Kirrane (Dec 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Boshell | United Kingdom | 61 years | Dec 2009 | - | Director |
| Mr Ricky Kirrane | United Kingdom | 59 years | Dec 2009 | - | Director |
| Mr John Boshell | United Kingdom | 64 years | Dec 2009 | - | Director |
PIPETECH PROJECTS AND MAINTENANCE LIMITED financials
Pipetech Projects And Maintenance Limited's latest turnover from May 2023 is estimated at £5.9 million and the company has net assets of £1.2 million. According to their latest financial statements, Pipetech Projects And Maintenance Limited has 22 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 22 | 20 | 22 | 20 | 19 | 16 | 15 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 66,198 | 53,359 | 53,401 | 62,286 | 78,391 | 81,536 | 88,678 | 84,015 | 99,212 | 100,733 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 2,812 | 14,062 | 25,312 | 33,750 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 66,198 | 53,359 | 53,401 | 62,286 | 78,391 | 84,348 | 102,740 | 109,327 | 132,962 | 100,733 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 890,427 | 1,839,445 | 781,145 | 753,611 | 810,934 | 901,706 | 766,440 | 864,961 | 646,589 | 402,862 | 5,090 | 55,675 | 132,125 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 20,331 | 79,952 | 4,800 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,405,802 | 225,522 | 147,186 | 396,308 | 137,390 | 112,396 | 227,355 | 89,119 | 100,240 | 94,052 | 318 | 3,474 | 64,452 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,296,229 | 2,085,298 | 1,008,283 | 1,154,719 | 948,324 | 1,014,102 | 993,795 | 954,080 | 746,829 | 496,914 | 5,408 | 59,149 | 196,577 |
| total assets | 2,362,427 | 2,138,657 | 1,061,684 | 1,217,005 | 1,026,715 | 1,098,450 | 1,096,535 | 1,063,407 | 879,791 | 597,647 | 5,408 | 59,149 | 196,577 |
| Bank overdraft | 0 | 236,775 | 95,782 | 281,029 | 163,470 | 226,469 | 128,294 | 230,141 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 853,188 | 1,260,767 | 255,770 | 303,393 | 256,001 | 285,515 | 420,821 | 387,540 | 657,810 | 490,186 | 1,072 | 16,489 | 154,496 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 1,718 | 1,719 | 1,719 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 298,942 | 75,166 | 220,755 | 192,883 | 157,801 | 210,597 | 221,996 | 155,221 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,152,130 | 1,572,708 | 572,307 | 777,305 | 577,272 | 724,299 | 772,830 | 774,621 | 657,810 | 490,186 | 1,072 | 16,489 | 154,496 |
| loans | 0 | 32,500 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 1,003 | 2,721 | 4,440 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,159 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 9,416 | 11,945 | 11,895 | 13,119 | 11,173 | 12,976 | 5,912 | 0 | 0 | 0 |
| total long term liabilities | 0 | 32,500 | 40,000 | 9,416 | 11,945 | 12,898 | 15,840 | 15,613 | 19,135 | 5,912 | 0 | 0 | 0 |
| total liabilities | 1,152,130 | 1,605,208 | 612,307 | 786,721 | 589,217 | 737,197 | 788,670 | 790,234 | 676,945 | 496,098 | 1,072 | 16,489 | 154,496 |
| net assets | 1,210,297 | 533,449 | 449,377 | 430,284 | 437,498 | 361,253 | 307,865 | 273,173 | 202,846 | 101,549 | 4,336 | 42,660 | 42,081 |
| total shareholders funds | 1,210,297 | 533,449 | 449,377 | 430,284 | 437,498 | 361,253 | 307,865 | 273,173 | 202,846 | 101,549 | 4,336 | 42,660 | 42,081 |
| May 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 20,499 | 13,881 | 14,849 | 16,662 | 21,524 | 22,136 | 25,240 | 18,388 | 21,441 | 4,725 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 2,812 | 11,250 | 11,250 | 8,438 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -969,349 | 998,679 | 102,686 | -52,523 | -90,772 | 135,266 | -98,521 | 218,372 | 243,727 | 402,862 | -50,585 | -76,450 | 132,125 |
| Creditors | -407,579 | 1,004,997 | -47,623 | 47,392 | -29,514 | -135,306 | 33,281 | -270,270 | 167,624 | 490,186 | -15,417 | -138,007 | 154,496 |
| Accruals and Deferred Income | 223,776 | -145,589 | 27,872 | 35,082 | -52,796 | -11,399 | 66,775 | 155,221 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -9,416 | -2,529 | 50 | -1,224 | 1,946 | -1,803 | 7,064 | 5,912 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -32,500 | -7,500 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -2,721 | -1,719 | -1,719 | 6,159 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,159 | 6,159 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 1,180,280 | 78,336 | -249,122 | 258,918 | 24,994 | -114,959 | 138,236 | -11,121 | 6,188 | 94,052 | -3,156 | -60,978 | 64,452 |
| overdraft | -236,775 | 140,993 | -185,247 | 117,559 | -62,999 | 98,175 | -101,847 | 230,141 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,417,055 | -62,657 | -63,875 | 141,359 | 87,993 | -213,134 | 240,083 | -241,262 | 6,188 | 94,052 | -3,156 | -60,978 | 64,452 |
P&L
May 2023turnover
5.9m
-38%
operating profit
879.9k
0%
gross margin
38.2%
+0.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
1.2m
+1.27%
total assets
2.4m
+0.1%
cash
1.4m
+5.23%
net assets
Total assets minus all liabilities
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pipetech projects and maintenance limited company details
company number
07106732
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2009
age
15
accounts
Total Exemption Full
ultimate parent company
previous names
pipetech projects limited (May 2013)
incorporated
UK
address
7 - 8 britannia business park, comet way, southend on sea, essex, SS2 6GE
last accounts submitted
May 2023
pipetech projects and maintenance 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 3 charges/mortgages relating to pipetech projects and maintenance limited. Currently there are 2 open charges and 1 have been satisfied in the past.
pipetech projects and maintenance limited Companies House Filings - See Documents
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