How much does P.J. Pipe & Valve Co. Limited make?

P.J. Pipe & Valve Co. Limited reported revenue of £18.2m and £1.5m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does P.J. Pipe & Valve Co. Limited have?

P.J. Pipe & Valve Co. Limited reported an average of 10 employees in the year to 31 Dec 2025.

Is P.J. Pipe & Valve Co. Limited profitable?

Yes — P.J. Pipe & Valve Co. Limited reported a profit of £1.5m in the year to 31 Dec 2025.

Company No. 01271151 · Incorporated 30 Jul 1976

P.J. Pipe & Valve Co. Limited

Registered name: P.J. PIPE & VALVE CO. LIMITED

Part of P J Valves Group Limited group

P.J. Pipe & Valve Co. Limited made £18.2m revenue and £1.5m profit in the year to 31 Dec 2025. read from filing text

P.J. Pipe & Valve Co. Limited’s revenue grew 77% to £18.2m in the year to 31 Dec 2025, with £1.5m profit and 10 employees. The company is classified under “manufacture of tubes, pipes, hollow profiles and related fittings, of steel” and is based in Hertford; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 24200Manufacture of tubes, pipes, hollow profiles and related fittings, of steel SIC 28140Manufacture of taps and valves SIC 46900Non-specialised wholesale trade

Status: Active
Location: Hertford, East of England
Age: 50 yrs · since 1976
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The Company's ultimate parent undertaking is P J Valves”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-lightOperating leverage

Revenue

£18.2m

Growth ▲77.5%

Profit

£1.5m

Growth ▲1571%

Profit margin

8.2%

Gross 23%

Employees

Change ▲11.1%

Profit / employee

£149k

Revenue/employee £1.8m

Profitable streak

4yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Profit only	Profit only	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	—	£10.3m	£18.2m
Cost of sales	—	—	£8.4m	£14m
Gross profit	—	—	£1.9m	£4.2m
Operating profit	—	—	£320k	£2.1m
Profit before tax	£507k	£1.6m	£239k	£2m
Profit after tax	£463k	£1.4m	£89.3k	£1.5m
Profit (best available)	£463k	£1.4m	£89.3k	£1.5m
Staff costs	£1m	£1.3m	£956k	£1.3m
Employees (average)	11	10	9	10
Ratios
Profit margin	—	—	0.9%	8.2%
Gross margin	—	—	18.5%	23%
Revenue per employee	—	—	£1.1m	£1.8m
Profit per employee	£42.1k	£136k	£9.9k	£149k
Cash conversion	—	—	202.9%	—
Growth (year on year)
Revenue growth	—	—	—	▲77.5%
Profit growth	—	▲193%	▼93.4%	▲1571%
Headcount growth	—	▼9.1%	▼10%	▲11.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£774k	£912k	£1.1m	£2.6m
Net assets	£2.1m	£3.4m	£3.4m	£4.9m
Fixed assets	£111k	£44.9k	£116k	£86.3k
Current assets	£10.2m	£13.4m	£8.8m	£15.5m
Debtors	£4.7m	£5.6m	£3m	£5.3m
Deferred income	£1.1m	£1.4m	£480k	£2.4m
Cash from operations	−£31.4k	−£571k	£650k	—
Source	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 8.2%; Profit ÷ revenue.
Gross margin: 23%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £1.8m; Revenue ÷ average employees.
Profit per employee: £149k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 13%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 29.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲43%; Now £4.9m
Cash at bank: ▲136%; Now £2.6m
Headcount: ▲11%; Now 10
Deferred income: ▲392%; Now £2.4m
Fixed assets: ▼26%; Now £86.3k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

P J Valves Group Limitedultimate parent75–100%
P.J. Pipe & Valve Co. Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Hertford Castle Properties LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.5m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 24 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.