pipeflex systems ltd
pipeflex systems ltd Company Information
Company Number
12376681
Website
-Registered Address
gooch avenue, barrington industrial estate, northumberland, NE22 7DQ
Industry
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Telephone
01670708488
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
malcolm birchall 25%
kenneth brian dargue beattie 22.5%
View Allpipeflex systems ltd Estimated Valuation
Pomanda estimates the enterprise value of PIPEFLEX SYSTEMS LTD at £630.5k based on a Turnover of £1.5m and 0.42x industry multiple (adjusted for size and gross margin).
pipeflex systems ltd Estimated Valuation
Pomanda estimates the enterprise value of PIPEFLEX SYSTEMS LTD at £0 based on an EBITDA of £-8.9k and a 3.16x industry multiple (adjusted for size and gross margin).
pipeflex systems ltd Estimated Valuation
Pomanda estimates the enterprise value of PIPEFLEX SYSTEMS LTD at £0 based on Net Assets of £-149.2k and 1.58x industry multiple (adjusted for liquidity).
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Pipeflex Systems Ltd Overview
Pipeflex Systems Ltd is a live company located in northumberland, NE22 7DQ with a Companies House number of 12376681. It operates in the manufacture of tubes, pipes, hollow profiles and related fittings, of steel sector, SIC Code 24200. Founded in December 2019, it's largest shareholder is malcolm birchall with a 25% stake. Pipeflex Systems Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.5m with unknown growth in recent years.
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Pipeflex Systems Ltd Health Check
Pomanda's financial health check has awarded Pipeflex Systems Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£16m)
- Pipeflex Systems Ltd
£16m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Pipeflex Systems Ltd
- - Industry AVG
Production
with a gross margin of 22.3%, this company has a comparable cost of product (22.3%)
- Pipeflex Systems Ltd
22.3% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (5.6%)
- Pipeflex Systems Ltd
5.6% - Industry AVG
Employees
with 12 employees, this is below the industry average (69)
12 - Pipeflex Systems Ltd
69 - Industry AVG
Pay Structure
on an average salary of £41.2k, the company has an equivalent pay structure (£41.2k)
- Pipeflex Systems Ltd
£41.2k - Industry AVG
Efficiency
resulting in sales per employee of £125.9k, this is less efficient (£182.2k)
- Pipeflex Systems Ltd
£182.2k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (77 days)
- Pipeflex Systems Ltd
77 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is close to average (60 days)
- Pipeflex Systems Ltd
60 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is less than average (69 days)
- Pipeflex Systems Ltd
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (5 weeks)
1 weeks - Pipeflex Systems Ltd
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 120.1%, this is a higher level of debt than the average (47.8%)
120.1% - Pipeflex Systems Ltd
47.8% - Industry AVG
PIPEFLEX SYSTEMS LTD financials
Pipeflex Systems Ltd's latest turnover from March 2023 is estimated at £1.5 million and the company has net assets of -£149.2 thousand. According to their latest financial statements, Pipeflex Systems Ltd has 12 employees and maintains cash reserves of £10.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| 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 | 12 | 12 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Tangible Assets | 15,921 | 22,884 | 26,884 |
| Intangible Assets | 103,185 | 91,803 | 67,872 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 119,106 | 114,687 | 94,756 |
| Stock & work in progress | 85,541 | 107,549 | 64,093 |
| Trade Debtors | 451,607 | 212,344 | 246,273 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 75,349 | 49,008 | 50 |
| Cash | 10,583 | 12,836 | 126,084 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 623,080 | 381,737 | 436,500 |
| total assets | 742,186 | 496,424 | 531,256 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 0 |
| Trade Creditors | 205,582 | 73,231 | 86,970 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 304,099 | 155,765 | 205,675 |
| total current liabilities | 519,681 | 238,996 | 292,645 |
| loans | 21,667 | 31,667 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 350,000 | 350,000 | 350,803 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 371,667 | 381,667 | 350,803 |
| total liabilities | 891,348 | 620,663 | 643,448 |
| net assets | -149,162 | -124,239 | -112,192 |
| total shareholders funds | -149,162 | -124,239 | -112,192 |
| Mar 2023 | Mar 2022 | Mar 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 12,546 | 12,054 | 2,680 |
| Amortisation | 200 | 200 | 0 |
| Tax | |||
| Stock | -22,008 | 43,456 | 64,093 |
| Debtors | 265,604 | 15,029 | 246,323 |
| Creditors | 132,351 | -13,739 | 86,970 |
| Accruals and Deferred Income | 148,334 | -49,910 | 205,675 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 10,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | -10,000 | 31,667 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | -803 | 350,803 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -2,253 | -113,248 | 126,084 |
| overdraft | 0 | 0 | 0 |
| change in cash | -2,253 | -113,248 | 126,084 |
pipeflex systems ltd Credit Report and Business Information
Pipeflex Systems Ltd Competitor Analysis
Perform a competitor analysis for pipeflex systems ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
pipeflex systems ltd Ownership
PIPEFLEX SYSTEMS LTD group structure
Pipeflex Systems Ltd has no subsidiary companies.
Ultimate parent company
PIPEFLEX SYSTEMS LTD
12376681
pipeflex systems ltd directors
Pipeflex Systems Ltd currently has 2 directors. The longest serving directors include Mr Malcolm Birchall (Dec 2019) and Mr Kenneth Beattie (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Malcolm Birchall | United Kingdom | 63 years | Dec 2019 | - | Director |
| Mr Kenneth Beattie | United Kingdom | 71 years | Dec 2019 | - | Director |
P&L
March 2023turnover
1.5m
+54%
operating profit
-21.7k
0%
gross margin
22.4%
-1.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-149.2k
+0.2%
total assets
742.2k
+0.5%
cash
10.6k
-0.18%
net assets
Total assets minus all liabilities
Similar Companies
pipeflex systems ltd company details
company number
12376681
Type
Private limited with Share Capital
industry
24200 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
incorporation date
December 2019
age
5
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
gooch avenue, barrington industrial estate, northumberland, NE22 7DQ
last accounts submitted
March 2023
pipeflex systems ltd 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 1 charges/mortgages relating to pipeflex systems ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
pipeflex systems ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
