Friends of the Pipe Factory C.I.C.
Registered name: FRIENDS OF THE PIPE FACTORY C.I.C.
Friends of the Pipe Factory C.I.C. made £10.7k revenue and £13.4k profit in the year to 28 Feb 2025.
Friends of the Pipe Factory C.I.C.’s revenue fell 58% to £10.7k in the year to 28 Feb 2025, with £13.4k profit and 6 employees. The company is classified under “other accommodation” and is based in Glasgow; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 6 yrs · since 2020
- Type
- Community Interest Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 28 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £17.9k | £31.2k | £25.5k | £10.7k |
| Gross profit | £17.9k | £31.2k | £25.5k | £10.7k |
| Operating profit | −£6.6k | £14.4k | £39.1k | £33.3k |
| Profit before tax | −£18.9k | −£3.2k | £19.5k | £13.4k |
| Profit after tax | −£18.9k | −£3.2k | £19.5k | £13.4k |
| Profit (best available) | −£18.9k | −£3.2k | £19.5k | £13.4k |
| Employees (average) | 7 | 7 | 8 | 6 |
| Ratios | ||||
| Profit margin | −105.6% | −10.1% | 76.5% | 125.4% |
| Gross margin | 100% | 100% | 100% | 100% |
| Revenue per employee | £2.6k | £4.5k | £3.2k | £1.8k |
| Profit per employee | −£2.7k | −£452 | £2.4k | £2.2k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲73.7% | ▼18.3% | ▼57.9% |
| Profit growth | — | — | — | ▼31% |
| Headcount growth | — | 0% | ▲14.3% | ▼25% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £28.5k | £63.6k | £7k | £28.5k |
| Net assets | −£21.6k | −£24.7k | −£5.2k | £8.2k |
| Fixed assets | £282k | £309k | £550k | £869k |
| Current assets | £37.6k | £69.6k | £199k | £258k |
| Debtors | £2.8k | £6k | £1.4k | £0 |
| Deferred income | £14.5k | £7.9k | £1.9k | £3.2k |
| Source | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 125.4%
- Profit ÷ revenue.
- Gross margin
- 100%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.8k
- Revenue ÷ average employees.
- Profit per employee
- £2.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 8112%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 29.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- 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
- —
- Now £8.2k
- Cash at bank
- ▲305%
- Now £28.5k
- Headcount
- ▼25%
- Now 6
- Deferred income
- ▲64%
- Now £3.2k
- Fixed assets
- ▲58%
- Now £869k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit £13.4k), from the Companies House accounts bulk data published Jan 2026. 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.