Pipework Northern (uk) Limited

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pipework northern (uk) limited Company Information

Live

EstablishedMidHigh

Company Number

SC318881

Website

Registered Address

110 braid road, edinburgh, EH10 6AT

Industry

Agents specialised in the sale of other particular products

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Ross Millar17 Years

Shareholders

ross millar 60%

victoria millar 40%

pipework northern (uk) limited Estimated Valuation

£12.1m

Pomanda estimates the enterprise value of PIPEWORK NORTHERN (UK) LIMITED at £12.1m based on Net Assets of £9.5m and 1.28x industry multiple (adjusted for liquidity).

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Pipework Northern (uk) Limited is a live company located in edinburgh, EH10 6AT with a Companies House number of SC318881. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in March 2007, it's largest shareholder is ross millar with a 60% stake. Pipework Northern (uk) Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.4m with high growth in recent years.

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Pomanda's financial health check has awarded Pipework Northern (Uk) 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

Health Rating5out of 5

7 Strong

4 Regular

1 Weak

Size

annual sales of £9.4m, make it in line with the average company (£9.8m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3.9%)

EXPORT

Pipework Northern (Uk) Limited's latest turnover from December 2022 is estimated at £9.4 million and the company has net assets of £9.5 million. According to their latest financial statements, Pipework Northern (Uk) Limited has 20 employees and maintains cash reserves of £1.8 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	Dec 2009
Turnover	9,414,846	4,960,397	4,706,922	5,430,806	5,457,701	4,876,386	4,416,508	4,842,577	11,288,486	5,938,890	4,590,990	3,123,363	1,028,724	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,769,452	3,603,912	3,448,368	3,991,965	4,009,734	3,660,802	3,269,334	3,566,747	8,405,105	4,443,246	3,459,188	2,338,162	767,350	0
Gross Profit	2,645,395	1,356,485	1,258,554	1,438,841	1,447,966	1,215,585	1,147,174	1,275,830	2,883,382	1,495,644	1,131,802	785,200	261,374	0
Admin Expenses	1,268,768	425,685	321,830	1,769,269	782,831	179,030	-480,589	-657,336	589,541	1,146,328	677,045	575,076	52,434	-248,599
Operating Profit	1,376,627	930,800	936,724	-330,428	665,135	1,036,555	1,627,763	1,933,166	2,293,841	349,316	454,757	210,124	208,940	248,599
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	42,597	2,294	900	6,372	5,255	1,824	2,413	7,017	4,159	2,425	2,187	1,203	610	161
Pre-Tax Profit	1,419,223	933,094	937,623	-324,056	670,390	1,038,379	1,630,176	1,940,183	2,298,000	351,742	456,943	211,327	209,550	248,760
Tax	-269,652	-177,288	-178,148	0	-127,374	-197,292	-326,035	-388,036	-482,580	-80,901	-109,666	-54,945	-58,674	-69,653
Profit After Tax	1,149,571	755,806	759,475	-324,056	543,016	841,087	1,304,141	1,552,146	1,815,420	270,841	347,277	156,382	150,876	179,107
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,149,571	755,806	759,475	-324,056	543,016	841,087	1,304,141	1,552,146	1,815,420	270,841	347,277	156,382	150,876	179,107
Employee Costs	1,072,671	986,841	914,059	886,987	701,604	731,021	639,287	731,902	1,622,200	883,949	684,000	451,312	202,234	0
Number Of Employees	20	19	19	18	15	16	14	16	37	21	16	11	5	0
EBITDA*	1,429,241	970,903	971,070	-304,310	695,473	1,073,641	1,661,364	1,952,324	2,309,349	362,032	461,803	218,566	214,239	251,235

* 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	143,826	190,450	112,427	86,726	90,077	124,110	128,837	119,081	48,280	31,778	18,704	23,622	14,314	5,257
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,473,960	2,473,960	2,473,960	2,473,960	5,038,960	5,038,960	3,747,060	3,677,120	2,052,000	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	2,617,786	2,664,410	2,586,387	2,560,686	5,129,037	5,163,070	3,875,897	3,796,201	2,100,280	31,778	18,704	23,622	14,314	5,257
Stock & work in progress	1,265,084	1,324,270	1,451,719	1,556,151	1,331,266	1,719,403	1,439,319	1,067,319	769,756	551,787	399,810	310,444	167,551	99,204
Trade Debtors	1,976,225	888,248	849,839	858,283	1,080,748	925,564	788,824	965,357	1,496,625	1,045,592	706,866	500,870	153,276	171,211
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	3,561,980	3,547,937	3,250,857	2,849,505	62,527	414	414	0	0	0	0	0	0	0
Cash	1,762,076	672,020	1,163,064	636,602	1,062,559	338,721	390,814	1,539,709	1,266,891	396,799	573,329	301,336	179,685	64,369
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,565,365	6,432,475	6,715,479	5,900,541	3,537,100	2,984,102	2,619,371	3,572,385	3,533,272	1,994,178	1,680,005	1,112,650	500,512	334,784
total assets	11,183,151	9,096,885	9,301,866	8,461,227	8,666,137	8,147,172	6,495,268	7,368,586	5,633,552	2,025,956	1,698,709	1,136,272	514,826	340,041
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,078,492	198,120	173,959	421,273	504,131	174,274	186,689	214,897	2,713,523	920,430	865,062	649,902	184,704	160,666
Group/Directors Accounts	0	0	0	0	570,733	889,903	268,242	2,349,242	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	603,565	547,242	1,532,190	1,203,712	430,975	464,541	264,142	332,393	0	0	0	0	0	0
total current liabilities	1,682,057	745,362	1,706,149	1,624,985	1,505,839	1,528,718	719,073	2,896,532	2,713,523	920,430	865,062	649,902	184,704	160,666
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	1,172	0	0	121	1,038	0	0	134	263
total long term liabilities	0	0	0	0	0	1,172	0	0	121	1,038	0	0	134	263
total liabilities	1,682,057	745,362	1,706,149	1,624,985	1,505,839	1,529,890	719,073	2,896,532	2,713,644	921,468	865,062	649,902	184,838	160,929
net assets	9,501,094	8,351,523	7,595,717	6,836,242	7,160,298	6,617,282	5,776,195	4,472,054	2,919,908	1,104,488	833,647	486,370	329,988	179,112
total shareholders funds	9,501,094	8,351,523	7,595,717	6,836,242	7,160,298	6,617,282	5,776,195	4,472,054	2,919,908	1,104,488	833,647	486,370	329,988	179,112

	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	1,376,627	930,800	936,724	-330,428	665,135	1,036,555	1,627,763	1,933,166	2,293,841	349,316	454,757	210,124	208,940	248,599
Depreciation	52,614	40,103	34,346	26,118	30,338	37,086	33,601	19,158	15,508	12,716	7,046	8,442	5,299	2,636
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-269,652	-177,288	-178,148	0	-127,374	-197,292	-326,035	-388,036	-482,580	-80,901	-109,666	-54,945	-58,674	-69,653
Stock	-59,186	-127,449	-104,432	224,885	-388,137	280,084	372,000	297,563	217,969	151,977	89,366	142,893	68,347	99,204
Debtors	1,102,020	335,489	392,908	2,564,513	217,297	136,740	-176,119	-531,268	451,033	338,726	205,996	347,594	-17,935	171,211
Creditors	880,372	24,161	-247,314	-82,858	329,857	-12,415	-28,208	-2,498,626	1,793,093	55,368	215,160	465,198	24,038	160,666
Accruals and Deferred Income	56,323	-984,948	328,478	772,737	-33,566	200,399	-68,251	332,393	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-1,172	1,172	0	-121	-917	1,038	0	-134	-129	263
Cash flow from operations	1,053,450	-375,212	585,610	-2,403,829	1,034,058	648,681	1,042,989	-368,361	2,949,943	-153,166	271,935	138,198	129,062	72,096
Investing Activities
capital expenditure	-5,990	-118,126	-60,047	-22,767	3,695	-32,359	-43,357	-89,959	-32,010	-25,790	-2,128	-17,750	-14,356	-7,893
Change in Investments	0	0	0	-2,565,000	0	1,291,900	69,940	1,625,120	2,052,000	0	0	0	0	0
cash flow from investments	-5,990	-118,126	-60,047	2,542,233	3,695	-1,324,259	-113,297	-1,715,079	-2,084,010	-25,790	-2,128	-17,750	-14,356	-7,893
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-570,733	-319,170	621,661	-2,081,000	2,349,242	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	5
interest	42,597	2,294	900	6,372	5,255	1,824	2,413	7,017	4,159	2,425	2,187	1,203	610	161
cash flow from financing	42,597	2,294	900	-564,361	-313,915	623,485	-2,078,587	2,356,259	4,159	2,425	2,187	1,203	610	166
cash and cash equivalents
cash	1,090,056	-491,044	526,462	-425,957	723,838	-52,093	-1,148,895	272,818	870,092	-176,530	271,993	121,651	115,316	64,369
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,090,056	-491,044	526,462	-425,957	723,838	-52,093	-1,148,895	272,818	870,092	-176,530	271,993	121,651	115,316	64,369

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PIPEWORK NORTHERN (UK) LIMITED group structure

Pipework Northern (Uk) Limited has no subsidiary companies.

Ultimate parent company

PIPEWORK NORTHERN (UK) LIMITED

SC318881

PIPEWORK NORTHERN (UK) LIMITED Shareholders

ross millar	60%
victoria millar	40%

Pipework Northern (Uk) Limited currently has 1 director, Mr Ross Millar serving since Mar 2007.

officer	country	age	start	end	role
Mr Ross Millar	Scotland	49 years	Mar 2007	-	Director

P&L

December 2022

turnover

9.4m

+90%

operating profit

1.4m

gross margin

28.1%

+2.75%

turnover

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

Balance Sheet

December 2022

net assets

9.5m

+0.14%

total assets

11.2m

+0.23%

cash

1.8m

+1.62%

net assets

Total assets minus all liabilities

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company number

SC318881

Type

Private limited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

incorporation date

March 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

110 braid road, edinburgh, EH10 6AT

last accounts submitted

December 2022

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 did not find charges/mortgages relating to pipework northern (uk) limited.

pipework northern (uk) limited Company Information

pipework northern (uk) limited Estimated Valuation

pipework northern (uk) limited Estimated Valuation

pipework northern (uk) limited Estimated Valuation

Pipework Northern (uk) Limited Overview

Pipework Northern (uk) Limited Health Check

PIPEWORK NORTHERN (UK) LIMITED financials

pipework northern (uk) limited Credit Report and Business Information

Pipework Northern (uk) Limited Competitor Analysis

pipework northern (uk) limited Ownership

pipework northern (uk) limited directors

pipework northern (uk) limited company details

pipework northern (uk) limited Charges & Mortgages

pipework northern (uk) limited Companies House Filings - See Documents