How much does Pipesafe Limited make?

Pipesafe Limited reported revenue of £3.6m and a loss of £30.4m in the year to 31 May 2023, according to its accounts filed at Companies House.

How many employees does Pipesafe Limited have?

Pipesafe Limited reported an average of 4 employees in the year to 31 May 2023.

Is Pipesafe Limited profitable?

No — Pipesafe Limited reported a loss of £30.4m in the year to 31 May 2023.

Company No. 03752717 · Incorporated 15 Apr 1999

Pipesafe Limited

Registered name: PIPESAFE LIMITED

Part of Lanespace Limited group

Pipesafe Limited made £3.6m revenue and a £30.4m loss in the year to 31 May 2023. read from filing text

Pipesafe Limited’s revenue was £3.6m in the year to 31 May 2023, with a loss of £30.4m and 4 employees. The company is classified under “other letting and operating of own or leased real estate” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection L · Real estate activitiesSIC 68209Other letting and operating of own or leased real estate

Status: Liquidation
Location: London, London
Age: 27 yrs · since 1999
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 immediate parent company is Holaw (581) Limited, which is domiciled and incorporated in England.”

Latest accounts · year to 31 May 2023

Key figures

Small team

Revenue

£3.6m

Growth 0%

Profit

−£30.4m

Growth ▼2674%

Profit margin

−847.4%

Employees

Change 0%

Profit / employee

−£7.6m

Revenue/employee £896k

Profitable streak

0yrs

Consecutive profitable years in our data

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

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 May 2022	31 May 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£3.6m	£3.6m
Operating profit	£3.5m	−£12.9m
Profit before tax	£1.7m	−£31.1m
Profit after tax	£1.2m	−£30.4m
Profit (best available)	£1.2m	−£30.4m
Employees (average)	4	4
Ratios
Profit margin	32.9%	−847.4%
Revenue per employee	£896k	£896k
Profit per employee	£295k	−£7.6m
Growth (year on year)
Revenue growth	—	0%
Profit growth	—	▼2674%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Net assets	£15.9m	−£14.5m
Debtors	£37.9k	£37.9k
Source	FullAccounts · bulk data May 2024	FullAccounts · bulk data May 2024

Derived from the latest filing

How the business works

Profit margin: −847.4%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £896k; Revenue ÷ average employees.
Profit per employee: −£7.6m; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.1%; 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: ▼191%; Now −£14.5m
Cash at bank: —; Now —
Headcount: 0%; Now 4
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Lanespace Limitedultimate parent75–100%
Holaw (582) Limited75–100%
Holaw (581) Limited75–100%
Pipesafe Limitedthis company

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

Sister companies (3)

Holaw (580) LimitedRev. £0 · Profit −£7.7m
Pinnacle Property and Capital LimitedFigures not disclosed
Pinnacle Property and Investment LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 May 2023 (profit −£30.4m), from the Companies House accounts bulk data published May 2024. 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.