All Pipe Engineering Limited

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all pipe engineering limited Company Information

Live

MatureMidDeclining

Company Number

NI028148

Next Accounts

Dec 2024

Industry

Other construction installation

Directors

William Gallagher

John Connor

Shareholders

tidal holdings ltd

Group Structure

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Contact

Registered Address

60 clooney road, londonderry, BT47 6TP

Website

http://aeglobal.uk

all pipe engineering limited Estimated Valuation

£8.1m

Pomanda estimates the enterprise value of ALL PIPE ENGINEERING LIMITED at £8.1m based on Net Assets of £2.9m and 2.77x industry multiple (adjusted for liquidity).

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All Pipe Engineering Limited is a live company located in londonderry, BT47 6TP with a Companies House number of NI028148. It operates in the other construction installation sector, SIC Code 43290. Founded in February 1994, it's largest shareholder is tidal holdings ltd with a 100% stake. All Pipe Engineering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.

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Pomanda's financial health check has awarded All Pipe Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £10.9m, make it larger than the average company (£823k)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.2%)

EXPORT

All Pipe Engineering Limited's latest turnover from March 2023 is £10.9 million and the company has net assets of £2.9 million. According to their latest financial statements, All Pipe Engineering Limited has 92 employees and maintains cash reserves of £571.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	10,898,462	12,364,870	10,472,790	13,283,320	7,274,073	10,850,896	13,476,084	10,698,575	10,960,463	4,937,590	5,967,986	5,029,765	6,686,228	4,225,116
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,545,298	10,420,444	7,505,888	9,507,256	5,232,597	7,804,548	9,533,715	7,595,807	7,747,485	3,574,999	4,314,067	3,537,427	4,579,256	2,909,248
Gross Profit	2,353,164	1,944,426	2,966,902	3,776,064	2,041,476	3,046,348	3,942,369	1,363,213	824,402	1,362,591	1,653,919	1,492,338	2,106,972	1,315,868
Admin Expenses	1,944,703	1,879,238	2,593,559	2,900,058	1,361,415	3,625,134	3,706,606	1,007,179	711,140	954,801	1,660,399	1,347,000	2,261,710	700,261
Operating Profit	408,461	65,188	373,343	876,006	680,061	-578,786	235,763	356,034	113,262	407,790	-6,480	145,338	-154,738	615,607
Interest Payable	10,676	8,558	0	0	0	0	0	6,743	0	0	0	0	0	0
Interest Receivable	650	0	898	523	1,216	258	77	45	261	320	7	0	1,153	1,153
Pre-Tax Profit	398,435	56,630	374,241	876,528	681,277	-578,528	235,840	349,336	113,523	408,110	-6,473	145,338	-153,585	616,760
Tax	79,315	-29,197	-71,106	-166,540	-129,443	0	-47,168	-59,211	-45,935	-93,865	0	-37,788	0	-172,693
Profit After Tax	477,750	27,433	303,135	709,988	551,834	-578,528	188,672	290,125	67,588	314,245	-6,473	107,550	-153,585	444,067
Dividends Paid	45,000	90,000	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	432,750	-62,567	303,135	709,988	551,834	-578,528	188,672	290,125	67,588	314,245	-6,473	107,550	-153,585	444,067
Employee Costs	3,567,350	3,645,264	3,947,388	3,321,991	3,021,962	2,478,634	2,909,747	2,701,427	2,425,471	1,085,671	1,368,856	1,194,835	1,861,117	1,118,216
Number Of Employees	92	105	104	81	75	65	81	91	114	32	42	36	57	33
EBITDA*	551,377	212,299	468,788	970,577	759,630	-502,192	310,392	423,016	156,893	443,651	21,242	200,568	-66,198	726,217

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,347,903	1,325,727	1,199,012	1,171,956	1,037,949	1,099,096	510,935	544,728	460,269	460,671	380,697	386,610	441,840	513,680
Intangible Assets	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	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,347,903	1,325,727	1,199,012	1,171,956	1,037,949	1,099,096	510,935	544,728	460,269	460,671	380,697	386,610	441,840	513,680
Stock & work in progress	1,544,147	1,136,317	1,112,157	612,282	324,700	439,426	977,493	315,933	392,356	121,464	168,802	199,944	258,525	129,113
Trade Debtors	1,457,816	654,345	1,060,588	2,019,948	963,347	1,462,422	1,598,312	1,303,801	1,412,616	876,637	907,902	482,911	741,805	409,748
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	306,624	278,189	0	0	0	0	0	0	0	0	0	0	0	0
Cash	571,776	584,738	1,026,473	769,628	276,079	48,182	54,874	6,674	55,774	125,292	2,706	0	0	461,103
misc current assets	0	0	0	0	0	0	0	0	0	0	0	603,942	397,876	0
total current assets	3,880,363	2,653,589	3,199,218	3,401,858	1,564,126	1,950,030	2,630,679	1,626,408	1,860,746	1,123,393	1,079,410	1,286,797	1,398,206	999,964
total assets	5,228,266	3,979,316	4,398,230	4,573,814	2,602,075	3,049,126	3,141,614	2,171,136	2,321,015	1,584,064	1,460,107	1,673,407	1,840,046	1,513,644
Bank overdraft	1,009,554	360,780	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	25,343	27,333	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	923,479	702,306	1,736,064	2,232,782	1,014,368	1,995,137	2,137,842	1,358,678	1,468,484	814,742	1,028,543	1,234,766	1,508,352	1,009,583
Group/Directors Accounts	859	19,327	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	0
hp & lease commitments	50,152	71,213	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	143,540	121,767	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	2,152,927	1,302,726	1,736,064	2,232,782	1,014,368	1,995,137	2,137,842	1,358,678	1,468,484	814,742	1,028,543	1,234,766	1,508,352	1,009,583
loans	28,978	52,389	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	80,958	113,571	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	105,484	0	0	0	0	0
other liabilities	0	0	118,166	100,167	56,830	74,946	91,573	88,931	43,644	23,513	0	0	0	18,179
provisions	37,288	29,197	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	147,224	195,157	118,166	100,167	56,830	74,946	91,573	88,931	149,128	23,513	0	0	0	18,179
total liabilities	2,300,151	1,497,883	1,854,230	2,332,949	1,071,198	2,070,083	2,229,415	1,447,609	1,617,612	838,255	1,028,543	1,234,766	1,508,352	1,027,762
net assets	2,928,115	2,481,433	2,544,000	2,240,865	1,530,877	979,043	912,199	723,527	703,403	745,809	431,564	438,641	331,694	485,882
total shareholders funds	2,928,115	2,481,433	2,544,000	2,240,865	1,530,877	979,043	912,199	723,527	703,403	745,809	431,564	438,641	331,694	485,882

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	408,461	65,188	373,343	876,006	680,061	-578,786	235,763	356,034	113,262	407,790	-6,480	145,338	-154,738	615,607
Depreciation	142,916	147,111	95,445	94,571	79,569	76,594	74,629	66,982	43,631	35,861	27,722	55,230	88,540	110,610
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	79,315	-29,197	-71,106	-166,540	-129,443	0	-47,168	-59,211	-45,935	-93,865	0	-37,788	0	-172,693
Stock	407,830	24,160	499,875	287,582	-114,726	-538,067	661,560	-76,423	270,892	-47,338	-31,142	-58,581	129,412	129,113
Debtors	831,906	-128,054	-959,360	1,056,601	-499,075	-135,890	294,511	-108,815	535,979	-31,265	424,991	-258,894	332,057	409,748
Creditors	221,173	-1,033,758	-496,718	1,218,414	-980,769	-142,705	779,164	-109,806	653,742	-213,801	-206,223	-273,586	498,769	1,009,583
Accruals and Deferred Income	21,773	121,767	0	0	0	0	0	-105,484	105,484	0	0	0	0	0
Deferred Taxes & Provisions	8,091	29,197	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-358,007	-595,798	360,449	678,268	263,219	29,060	86,317	333,753	63,313	214,588	-578,830	206,669	-28,898	1,024,246
Investing Activities
capital expenditure	0	0	-122,501	-228,578	-18,422	-664,755	-40,836	-151,441	-43,229	-115,835	-21,809	0	-16,700	-624,290
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-122,501	-228,578	-18,422	-664,755	-40,836	-151,441	-43,229	-115,835	-21,809	0	-16,700	-624,290
Financing Activities
Bank loans	-1,990	27,333	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-18,468	19,327	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	0
Long term loans	-23,411	52,389	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-53,674	184,784	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-118,166	17,999	43,337	-18,116	-16,627	2,642	45,287	20,131	23,513	0	0	-18,179	18,179
share issue	13,932	0	0	0	0	645,372	0	-270,001	-109,994	0	-604	-603	-603	41,815
interest	-10,026	-8,558	898	523	1,216	258	77	-6,698	261	320	7	0	1,153	1,153
cash flow from financing	-93,637	157,109	18,897	43,860	-16,900	629,003	2,719	-231,412	-89,602	23,833	-597	-603	-17,629	61,147
cash and cash equivalents
cash	-12,962	-441,735	256,845	493,549	227,897	-6,692	48,200	-49,100	-69,518	122,586	2,706	0	-461,103	461,103
overdraft	648,774	360,780	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-661,736	-802,515	256,845	493,549	227,897	-6,692	48,200	-49,100	-69,518	122,586	2,706	0	-461,103	461,103

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALL PIPE ENGINEERING LIMITED group structure

All Pipe Engineering Limited has no subsidiary companies.

Ultimate parent company

TIDAL HOLDINGS LIMITED

NI044727

1 parent

ALL PIPE ENGINEERING LIMITED

NI028148

ALL PIPE ENGINEERING LIMITED Shareholders

tidal holdings ltd

100%

All Pipe Engineering Limited currently has 2 directors. The longest serving directors include Mr William Gallagher (Feb 1994) and Mr John Connor (Sep 2018).

officer	country	age	start	end	role
Mr William Gallagher		67 years	Feb 1994	-	Director
Mr John Connor	Northern Ireland	59 years	Sep 2018	-	Director

P&L

March 2023

turnover

10.9m

-12%

operating profit

408.5k

+527%

gross margin

21.6%

+37.3%

turnover

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

Balance Sheet

March 2023

net assets

2.9m

+0.18%

total assets

5.2m

+0.31%

cash

571.8k

-0.02%

net assets

Total assets minus all liabilities

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company number

NI028148

Type

Private limited with Share Capital

industry

43290 - Other construction installation

incorporation date

February 1994

ultimate parent company

TIDAL HOLDINGS LIMITED

previous names

N/A

address

60 clooney road, londonderry, BT47 6TP

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 5 charges/mortgages relating to all pipe engineering limited. Currently there are 5 open charges and 0 have been satisfied in the past.

all pipe engineering limited Company Information

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all pipe engineering limited Estimated Valuation

all pipe engineering limited Estimated Valuation

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