Pipe Equipment Specialists Limited
Registered name: PIPE EQUIPMENT SPECIALISTS LIMITED
Part of Indutrade Ab groupPipe Equipment Specialists Limited made £1.7m revenue and £253k profit in the year to 31 Dec 2024.
Pipe Equipment Specialists Limited’s revenue grew 32% to £1.7m in the year to 31 Dec 2024, with £253k profit and 8 employees. The company is classified under “manufacture of other special-purpose machinery” and is based in Thornaby Stockton on Tees; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Thornaby Stockton on Tees, North East
- Age
- 31 yrs · since 1995
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £1.3m | £1.3m | £1.7m |
| Cost of sales | £584k | £513k | £735k |
| Gross profit | £697k | £809k | £1m |
| Operating profit | £253k | £219k | £338k |
| Profit before tax | £252k | £217k | £338k |
| Profit after tax | £203k | £167k | £253k |
| Profit (best available) | £203k | £167k | £253k |
| Staff costs | £226k | £316k | £334k |
| Employees (average) | 7 | 8 | 8 |
| Ratios | |||
| Profit margin | 15.8% | 12.6% | 14.5% |
| Gross margin | 54.4% | 61.2% | 57.8% |
| Revenue per employee | £183k | £165k | £218k |
| Profit per employee | £28.9k | £20.8k | £31.7k |
| Growth (year on year) | |||
| Revenue growth | — | ▲3.2% | ▲31.8% |
| Profit growth | — | ▼17.8% | ▲52.1% |
| Headcount growth | — | ▲14.3% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £144k | £41.5k | £141k |
| Net assets | £423k | £415k | £468k |
| Fixed assets | £26.2k | £54.7k | £99.6k |
| Current assets | £676k | £718k | £681k |
| Debtors | £209k | £341k | £290k |
| Deferred income | £55.4k | £69.2k | £77.4k |
| Source | FullAccounts · bulk data May 2024 | FullAccounts · bulk data May 2024 | FullAccounts · bulk data Jul 2025 |
How the business works
- Profit margin
- 14.5%
- Profit ÷ revenue.
- Gross margin
- 57.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £218k
- Revenue ÷ average employees.
- Profit per employee
- £31.7k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 4.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.6%
- Money owed by customers. Low = customers pay quickly.
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
- ▲13%
- Now £468k
- Cash at bank
- ▲239%
- Now £141k
- Headcount
- 0%
- Now 8
- Deferred income
- ▲12%
- Now £77.4k
- Fixed assets
- ▲82%
- Now £99.6k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Indutrade Ab (registered outside the UK register)ultimate parent75–100%
- Indutrade UK Limited75–100%
- Pipe Equipment Specialists Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (24)
- Ellard LimitedRev. £13.9m · Profit £532k
- Verplas LimitedRev. £13.2m · Profit £898k
- Birmingham Specialities LimitedRev. £7.2m · Profit £734k
- Bailey Morris LimitedRev. £6.8m · Profit £608k
- Natgraph LimitedRev. £5.7m · Profit −£346k
- Precision Products (UK) LimitedRev. £4.2m · Profit −£1m
- Tidyco Topco 24 LimitedRev. £0 · Profit £345
- A L H Systems LimitedFigures not disclosed
- Adaero Precision Components LimitedFigures not disclosed
- Adam Equipment Co. LimitedRev. — · Profit £818k
- Advance Technical Systems LtdFigures not disclosed
- Autoroll Investments LtdFigures not disclosed
- Beldam Crossley LimitedFigures not disclosed
- Crane Group Holdings LtdRev. — · Profit £0
- Datum Electronics LtdFigures not disclosed
- Flowstop LimitedFigures not disclosed
- Geosense LimitedRev. — · Profit £1.4m
- Huntingdon Fusion Techniques LimitedFigures not disclosed
- Inscale LimitedRev. — · Profit £24.8k
- Irvine Spring Company LimitedLiquidationFigures not disclosed
- Micro Spring & Presswork Company Limited(The)Figures not disclosed
- Milltech Precision Engineering LimitedFigures not disclosed
- N.W. Metal Sections LtdFigures not disclosed
- Wholesale Welding Supplies LimitedRev. — · Profit −£1.3m
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
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- Revenue
- £3.2m
- Profit
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- Staff
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- North West (Aerotooling) Ltd.Stalybridge · Manufacture of other special-purpose machinery n.e.c.
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- Britannia Dynamics LimitedStalybridge · Manufacture of other special-purpose machinery n.e.c.
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- Profit
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- S G Equipment LimitedStalybridge · Manufacture of other special-purpose machinery n.e.c.
- Revenue
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- Profit
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- Crest Engineering Company LimitedStalybridge · Manufacture of other special-purpose machinery n.e.c.
- Revenue
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- Profit
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £253k), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.