pipeline technique ltd.
pipeline technique ltd. Company Information
Company Number
SC189419
Next Accounts
154 days late
Shareholders
alter domus (us) llc
Group Structure
View All
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
site g tofthills avenue, midmill business park, kintore, AB51 0QP
Website
www.pipelinewelders.compipeline technique ltd. Estimated Valuation
Pomanda estimates the enterprise value of PIPELINE TECHNIQUE LTD. at £12.3m based on a Turnover of £17.5m and 0.7x industry multiple (adjusted for size and gross margin).
pipeline technique ltd. Estimated Valuation
Pomanda estimates the enterprise value of PIPELINE TECHNIQUE LTD. at £0 based on an EBITDA of £-1.4m and a 6.56x industry multiple (adjusted for size and gross margin).
pipeline technique ltd. Estimated Valuation
Pomanda estimates the enterprise value of PIPELINE TECHNIQUE LTD. at £7.9m based on Net Assets of £3.6m and 2.21x industry multiple (adjusted for liquidity).
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Pipeline Technique Ltd. Overview
Pipeline Technique Ltd. is a live company located in kintore, AB51 0QP with a Companies House number of SC189419. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in September 1998, it's largest shareholder is alter domus (us) llc with a 100% stake. Pipeline Technique Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £17.5m with rapid growth in recent years.
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Pipeline Technique Ltd. Health Check
Pomanda's financial health check has awarded Pipeline Technique Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £17.5m, make it larger than the average company (£6.9m)
£17.5m - Pipeline Technique Ltd.
£6.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 61%, show it is growing at a faster rate (4.9%)
61% - Pipeline Technique Ltd.
4.9% - Industry AVG
Production
with a gross margin of 36.2%, this company has a lower cost of product (24.9%)
36.2% - Pipeline Technique Ltd.
24.9% - Industry AVG
Profitability
an operating margin of -12.9% make it less profitable than the average company (5.7%)
-12.9% - Pipeline Technique Ltd.
5.7% - Industry AVG
Employees
with 122 employees, this is above the industry average (34)
122 - Pipeline Technique Ltd.
34 - Industry AVG
Pay Structure
on an average salary of £77.3k, the company has a higher pay structure (£46.3k)
£77.3k - Pipeline Technique Ltd.
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £143.8k, this is less efficient (£189.5k)
£143.8k - Pipeline Technique Ltd.
£189.5k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is near the average (57 days)
65 days - Pipeline Technique Ltd.
57 days - Industry AVG
Creditor Days
its suppliers are paid after 48 days, this is slower than average (39 days)
48 days - Pipeline Technique Ltd.
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pipeline Technique Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (20 weeks)
1 weeks - Pipeline Technique Ltd.
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.5%, this is a higher level of debt than the average (61.6%)
94.5% - Pipeline Technique Ltd.
61.6% - Industry AVG
PIPELINE TECHNIQUE LTD. financials
Pipeline Technique Ltd.'s latest turnover from December 2022 is £17.5 million and the company has net assets of £3.6 million. According to their latest financial statements, Pipeline Technique Ltd. has 122 employees and maintains cash reserves of £527.1 thousand 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,548,255 | 10,077,671 | 5,292,875 | 4,181,953 | 11,260,915 | 48,306,497 | 62,545,003 | 33,750,966 | 38,244,000 | 18,659,000 | 16,912,000 | 21,005,000 | 43,565,000 | 25,502,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 11,199,874 | 7,852,996 | 3,307,336 | 3,302,636 | 8,316,110 | 20,004,005 | 33,628,079 | 24,468,233 | 25,930,000 | 12,382,000 | 12,453,000 | 10,952,000 | 23,212,000 | 17,414,000 |
| Gross Profit | 6,348,381 | 2,224,675 | 1,985,539 | 879,317 | 2,944,805 | 28,302,491 | 28,916,924 | 9,282,733 | 12,314,000 | 6,277,000 | 4,459,000 | 10,053,000 | 20,353,000 | 8,088,000 |
| Admin Expenses | 8,612,621 | 7,280,680 | 7,000,569 | 9,019,681 | 10,156,213 | 12,218,216 | 9,215,937 | 8,831,349 | 5,875,000 | 8,057,000 | 7,394,000 | 5,252,000 | 6,121,000 | 4,119,000 |
| Operating Profit | -2,264,240 | -5,056,005 | -5,015,030 | -8,140,364 | -7,211,408 | 16,084,275 | 19,700,987 | 451,384 | 6,439,000 | -1,780,000 | -2,935,000 | 4,801,000 | 14,232,000 | 3,969,000 |
| Interest Payable | 2,859,056 | 1,257,461 | 750,670 | 337,913 | 3,204 | 24,033 | 40,672 | 129,077 | 216,000 | 219,000 | 169,000 | 168,000 | 348,000 | 1,000 |
| Interest Receivable | 567,241 | 2,437 | 18,566 | 51,269 | 78,506 | 6,183 | 8,000 | 10,000 | 9,000 | 12,000 | 24,000 | 7,000 | ||
| Pre-Tax Profit | -4,556,055 | -1,743,112 | -5,763,263 | -8,499,072 | -7,885,124 | 13,505,568 | 13,460,119 | -434,379 | 6,231,000 | -1,989,000 | -3,095,000 | 4,645,000 | 13,861,000 | 4,036,000 |
| Tax | 255,259 | 165,154 | 30,872 | 430,746 | 2,844,669 | -4,558,199 | -3,214,582 | -966,919 | -1,063,000 | 77,000 | 483,000 | -1,228,000 | -4,075,000 | -1,139,000 |
| Profit After Tax | -4,300,796 | -1,577,958 | -5,732,391 | -8,068,325 | -5,040,455 | 8,947,368 | 10,245,537 | -1,401,298 | 5,168,000 | -1,912,000 | -2,612,000 | 3,417,000 | 9,786,000 | 2,897,000 |
| Dividends Paid | 20,027,237 | 2,872,000 | 946,000 | |||||||||||
| Retained Profit | -4,300,796 | -1,577,958 | -5,732,391 | -8,068,325 | -5,040,455 | -11,079,869 | 10,245,537 | -1,401,298 | 5,168,000 | -1,912,000 | -2,612,000 | 545,000 | 8,840,000 | 2,897,000 |
| Employee Costs | 9,433,546 | 6,885,782 | 5,284,751 | 6,216,859 | 9,633,902 | 14,935,512 | 16,991,037 | 18,827,485 | 10,420,000 | 7,890,000 | 8,872,000 | 7,429,000 | 10,949,000 | 4,957,000 |
| Number Of Employees | 122 | 72 | 69 | 82 | 113 | 176 | 188 | 160 | 139 | 110 | 115 | 104 | 149 | 70 |
| EBITDA* | -1,373,199 | -4,037,282 | -3,937,770 | -7,050,873 | -5,990,547 | 16,149,964 | 21,824,960 | 2,460,968 | 8,832,000 | 2,000 | -1,843,000 | 5,573,000 | 15,017,000 | 4,421,000 |
* 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,089,340 | 2,708,691 | 3,044,926 | 3,587,820 | 5,517,103 | 5,858,367 | 6,474,354 | 7,947,132 | 8,621,000 | 11,688,000 | 8,873,000 | 4,840,000 | 4,242,000 | 3,507,000 |
| Intangible Assets | 85,874 | 68,678 | 128,361 | 175,269 | ||||||||||
| Investments & Other | 19,677,776 | 3,579,430 | 5,686,896 | 4,449,313 | 3,812,386 | 4,179,284 | 4,357,912 | 1,408,255 | 1,151,000 | 1,151,000 | 1,151,000 | 1,151,000 | 1,145,000 | 1,090,000 |
| Debtors (Due After 1 year) | 7,074,765 | 51,508 | 845,722 | 555,514 | 69,694 | 2,123,000 | 873,000 | |||||||
| Total Fixed Assets | 28,927,755 | 6,408,307 | 9,705,906 | 8,767,917 | 9,399,183 | 10,037,651 | 10,832,266 | 9,355,387 | 9,772,000 | 12,839,000 | 10,024,000 | 8,114,000 | 6,260,000 | 4,597,000 |
| Stock & work in progress | 3,270 | 259,700 | 534,000 | 852,000 | 347,000 | 146,000 | 71,000 | |||||||
| Trade Debtors | 3,137,950 | 1,849,399 | 1,693,883 | 1,087,263 | 1,234,479 | 5,473,844 | 10,775,024 | 6,460,040 | 8,103,000 | 1,069,000 | 2,069,000 | 827,000 | 9,460,000 | 263,000 |
| Group Debtors | 27,597,888 | 11,416,891 | 8,824,437 | 7,447,456 | 1,580,549 | 5,291,196 | 3,442,042 | 6,797,031 | 8,360,000 | 7,753,000 | 7,497,000 | 3,721,000 | 3,824,000 | 2,961,000 |
| Misc Debtors | 4,417,395 | 1,217,398 | 315,216 | 312,662 | 2,913,562 | 311,623 | 496,347 | 422,785 | 818,000 | 2,358,000 | 1,032,000 | 499,000 | 204,000 | 554,000 |
| Cash | 527,062 | 1,190,418 | 199,041 | 763,461 | 162,621 | 7,840,263 | 7,360,096 | 6,074,355 | 1,563,000 | 874,000 | 3,603,000 | 7,460,000 | 7,322,000 | 5,786,000 |
| misc current assets | ||||||||||||||
| total current assets | 35,680,296 | 15,677,377 | 11,032,578 | 9,610,843 | 5,891,212 | 18,916,927 | 22,073,511 | 20,013,913 | 19,378,000 | 12,906,000 | 14,548,000 | 12,653,000 | 20,881,000 | 9,564,000 |
| total assets | 64,608,052 | 22,085,684 | 20,738,484 | 18,378,760 | 15,290,395 | 28,954,578 | 32,905,777 | 29,369,300 | 29,150,000 | 25,745,000 | 24,572,000 | 20,767,000 | 27,141,000 | 14,161,000 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 1,478,768 | 1,945,875 | 884,718 | 398,812 | 262,757 | 640,872 | 549,823 | 1,190,292 | 1,832,000 | 815,000 | 1,313,000 | 735,000 | 2,423,000 | 2,092,000 |
| Group/Directors Accounts | 19,976,365 | 4,427,275 | 4,421,155 | 4,020,052 | 4,805,736 | 6,455,179 | 2,251,262 | 192,456 | 3,298,000 | 290,000 | 1,568,000 | 312,000 | 391,000 | 2,838,000 |
| other short term finances | ||||||||||||||
| hp & lease commitments | 427,054 | 734,271 | 767,000 | 1,016,000 | 420,000 | 428,000 | 420,000 | 20,000 | ||||||
| other current liabilities | 3,277,396 | 4,081,432 | 1,840,929 | 519,866 | 1,379,476 | 7,975,646 | 6,207,727 | 10,274,385 | 7,072,000 | 8,911,000 | 6,578,000 | 1,992,000 | 6,923,000 | 3,944,000 |
| total current liabilities | 24,732,530 | 10,454,583 | 7,146,803 | 4,938,730 | 6,447,969 | 15,071,698 | 9,435,867 | 12,391,405 | 12,969,000 | 11,032,000 | 9,879,000 | 3,467,000 | 10,157,000 | 8,894,000 |
| loans | 36,295,595 | 13,061,074 | 13,444,634 | 8,065,354 | 565,002 | 2,346,000 | 2,238,000 | 2,129,000 | 2,021,000 | |||||
| hp & lease commitments | 575,823 | 1,149,000 | 1,944,000 | 114,000 | 523,000 | 856,000 | 26,000 | |||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 29,370 | 26,000 | 26,000 | 27,000 | 50,000 | 46,000 | ||||||||
| provisions | 6,000 | 565,000 | 570,000 | 242,000 | 250,000 | 270,000 | ||||||||
| total long term liabilities | 36,295,596 | 13,061,074 | 13,444,634 | 8,065,355 | 1,170,196 | 1,181,000 | 4,881,000 | 2,949,000 | 2,944,000 | 3,173,000 | 296,000 | |||
| total liabilities | 61,028,126 | 23,515,657 | 20,591,437 | 13,004,085 | 6,447,969 | 15,071,698 | 9,435,867 | 13,561,601 | 14,150,000 | 15,913,000 | 12,828,000 | 6,411,000 | 13,330,000 | 9,190,000 |
| net assets | 3,579,926 | -1,429,973 | 147,047 | 5,374,675 | 8,842,426 | 13,882,881 | 23,469,910 | 15,807,698 | 15,000,000 | 9,832,000 | 11,744,000 | 14,356,000 | 13,811,000 | 4,971,000 |
| total shareholders funds | 3,579,926 | -1,429,973 | 147,047 | 5,374,675 | 8,842,426 | 13,882,881 | 23,469,910 | 15,807,698 | 15,000,000 | 9,832,000 | 11,744,000 | 14,356,000 | 13,811,000 | 4,971,000 |
| 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 | -2,264,240 | -5,056,005 | -5,015,030 | -8,140,364 | -7,211,408 | 16,084,275 | 19,700,987 | 451,384 | 6,439,000 | -1,780,000 | -2,935,000 | 4,801,000 | 14,232,000 | 3,969,000 |
| Depreciation | 852,438 | 958,221 | 1,010,643 | 1,089,491 | 1,220,860 | 65,689 | 2,123,974 | 2,009,584 | 2,393,000 | 1,782,000 | 1,092,000 | 772,000 | 785,000 | 452,000 |
| Amortisation | 38,603 | 60,502 | 66,617 | |||||||||||
| Tax | 255,259 | 165,154 | 30,872 | 430,746 | 2,844,669 | -4,558,199 | -3,214,582 | -966,919 | -1,063,000 | 77,000 | 483,000 | -1,228,000 | -4,075,000 | -1,139,000 |
| Stock | -3,270 | 3,270 | -259,700 | -274,300 | -318,000 | 505,000 | 201,000 | 75,000 | 71,000 | |||||
| Debtors | 27,692,803 | 2,855,938 | 2,276,362 | 3,604,612 | -5,278,380 | -3,636,750 | 1,033,557 | -3,601,143 | 6,101,000 | 582,000 | 3,428,000 | -7,191,000 | 10,583,000 | 3,778,000 |
| Creditors | -467,107 | 1,061,157 | 485,907 | 136,054 | -378,114 | 91,049 | -640,469 | -641,708 | 1,017,000 | -498,000 | 578,000 | -1,688,000 | 331,000 | 2,092,000 |
| Accruals and Deferred Income | -804,036 | 2,240,503 | 1,321,063 | -859,610 | -6,596,170 | 1,767,919 | -4,066,658 | 3,202,385 | -1,839,000 | 2,333,000 | 4,586,000 | -4,931,000 | 2,979,000 | 3,944,000 |
| Deferred Taxes & Provisions | -6,000 | -559,000 | -5,000 | 328,000 | -8,000 | -20,000 | 270,000 | |||||||
| Cash flow from operations | -30,078,616 | -3,429,676 | -4,376,290 | -10,948,295 | -4,841,783 | 17,087,483 | 13,129,395 | 7,924,169 | 605,000 | 822,000 | 503,000 | 4,834,000 | 3,578,000 | 5,810,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -594,000 | -4,597,000 | -5,127,000 | -1,515,000 | -1,419,000 | -2,960,000 | ||||||||
| Change in Investments | 16,098,346 | -2,107,467 | 1,237,583 | 636,928 | -366,898 | -178,628 | 2,949,657 | 257,255 | 6,000 | 55,000 | 1,090,000 | |||
| cash flow from investments | -594,000 | -4,597,000 | -5,127,000 | -1,521,000 | -1,474,000 | -4,050,000 | ||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 15,549,090 | 6,120 | 401,103 | -785,684 | -1,649,443 | 4,203,917 | 2,058,805 | -3,105,544 | 3,008,000 | -1,278,000 | 1,256,000 | -79,000 | -2,447,000 | 2,838,000 |
| Other Short Term Loans | ||||||||||||||
| Long term loans | 23,234,521 | -383,560 | 5,379,280 | 8,065,354 | -565,002 | 565,002 | -2,346,000 | 108,000 | 109,000 | 108,000 | 2,021,000 | |||
| Hire Purchase and Lease Commitments | -427,054 | -883,040 | -605,906 | -1,044,000 | 2,426,000 | -417,000 | -325,000 | 1,230,000 | 46,000 | |||||
| other long term liabilities | -29,370 | 3,370 | -1,000 | -23,000 | 4,000 | 46,000 | ||||||||
| share issue | ||||||||||||||
| interest | -2,291,815 | -1,257,461 | -748,233 | -319,347 | 48,065 | 54,473 | -40,672 | -122,894 | -208,000 | -209,000 | -160,000 | -156,000 | -324,000 | 6,000 |
| cash flow from financing | 45,802,491 | -1,633,963 | 5,536,913 | 11,560,897 | -1,601,378 | 5,324,175 | -2,042,604 | -1,056,976 | -590,000 | 1,046,000 | 765,000 | -448,000 | 526,000 | 4,964,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -663,356 | 991,376 | -564,419 | 600,840 | -7,677,642 | 480,166 | 1,285,742 | 4,511,355 | 689,000 | -2,729,000 | -3,857,000 | 138,000 | 1,536,000 | 5,786,000 |
| overdraft | ||||||||||||||
| change in cash | -663,356 | 991,376 | -564,419 | 600,840 | -7,677,642 | 480,166 | 1,285,742 | 4,511,355 | 689,000 | -2,729,000 | -3,857,000 | 138,000 | 1,536,000 | 5,786,000 |
pipeline technique ltd. Credit Report and Business Information
Pipeline Technique Ltd. Competitor Analysis
Perform a competitor analysis for pipeline technique ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in AB51 area or any other competitors across 12 key performance metrics.
pipeline technique ltd. Ownership
PIPELINE TECHNIQUE LTD. group structure
Pipeline Technique Ltd. has 1 subsidiary company.
Ultimate parent company
ALTER DOMUS (US) LLC
#0149827
1 parent
PIPELINE TECHNIQUE LTD.
SC189419
1 subsidiary
pipeline technique ltd. directors
Pipeline Technique Ltd. currently has 5 directors. The longest serving directors include Mr Martin Somerville (May 2019) and Mr David Williams (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Somerville | England | 48 years | May 2019 | - | Director |
| Mr David Williams | England | 71 years | May 2019 | - | Director |
| Mr Frederic Castrec | 54 years | Aug 2022 | - | Director | |
| Mr James MacKay | England | 62 years | Aug 2022 | - | Director |
| Mr Duncan Holland | 47 years | Jul 2024 | - | Director |
P&L
December 2022turnover
17.5m
+74%
operating profit
-2.3m
-55%
gross margin
36.2%
+63.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.6m
-3.5%
total assets
64.6m
+1.93%
cash
527.1k
-0.56%
net assets
Total assets minus all liabilities
pipeline technique ltd. company details
company number
SC189419
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
September 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
KPMG LLP
address
site g tofthills avenue, midmill business park, kintore, AB51 0QP
Bank
BANK OF SCOTLAND
Legal Advisor
-
pipeline technique 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 10 charges/mortgages relating to pipeline technique ltd.. Currently there are 7 open charges and 3 have been satisfied in the past.
pipeline technique ltd. Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PIPELINE TECHNIQUE LTD.. This can take several minutes, an email will notify you when this has completed.
pipeline technique ltd. Companies House Filings - See Documents
| date | description | view/download |
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