POLYPIPE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-01 (in 7mo)
Last made up 2025-11-17
Watchouts
None on the register
Cash
£25M
+746.7% vs 2023
Net assets
£565M
+17% vs 2023
Employees
2,507
-0.3% vs 2023
Profit before tax
£91M
+279.6% vs 2023
Name history
Renamed 2 times since incorporation
- POLYPIPE LIMITED 2009-05-01 → present
- POLYPIPE BUILDING PRODUCTS LIMITED 2000-04-07 → 2009-05-01
- POLYPIPE PLC 1973-02-28 → 2000-04-07
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £438,200,000 | £429,600,000 | |
| Operating profit | £35,100,000 | £100,500,000 | |
| Profit before tax | £24,000,000 | £91,100,000 | |
| Net profit | £12,800,000 | £80,000,000 | |
| Cash | £3,000,000 | £25,400,000 | |
| Total assets less current liabilities | £514,300,000 | £598,800,000 | |
| Net assets | £483,100,000 | £565,200,000 | |
| Equity | £483,100,000 | £565,200,000 | |
| Average employees | 2,515 | 2,507 | |
| Wages | £95,900,000 | £100,000,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 8.0% | 23.4% | |
| Net margin | 2.9% | 18.6% | |
| Return on capital employed | 6.8% | 16.8% | |
| Current ratio | 0.28x | 0.33x | |
| Interest cover | 3.16x | 9.95x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company holds the external debt for the Group including the Group's Revolving Credit Facility which is available until at least August 2027. As the Company is reliant on the continued support of the Group, due to the way the intra-group funding structure is managed, the Directors have obtained a letter of support from the ultimate parent company, Genuit Group plc, stating that it is their intention to provide financial support for the going concern period up to 31 December 2026. As a result, the Directors have satisfied themselves that the Group has adequate financial resources to continue to support the Company in operational existence for a period of at least up to 31 December 2026. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- POLYPIPE LIMITED · parent
- AAA Holdings Limited 100%
- Adey Commercial Limited 100%
- Adey Holdings (2008) Limited 100%
- Adey Innovation Limited 100%
- Adey Innovation LLC 100%
- Adey Innovation SAS 100%
- Adey Innovation (Shanghai) Water Treatment Technology Co. Ltd 100%
- Alderburgh Limited* 100%
- Alderburgh Ireland Limited* 100%
- Alpha Scientific Ltd 100%
- Environmental Sustainable Solutions Ltd* 100%
- Equaflow Ltd 50%
- Genuit Limited 100%
- Genuit UFH Limited* 100%
- Grey2Green Ltd* 100%
- Hamsard 3774 Limited* 100%
- Infra Green Limited 100%
- Keytec Geomembranes Limited 100%
- Keytec Installation Services Limited* 100%
- Living Roof Supplies Limited 100%
- London Bidco Limited 100%
- London Finco Limited 100%
- London Green Roof Company Limited 100%
- London Topco Limited* 100%
- Manthorpe Building Products Holdings Limited* 100%
- Manthorpe Building Products Limited 100%
- New Urban Standard B.V. 100%
- Nuaire Limited* 100%
- Nu-Heat (Holdings) Limited* 100%
- Nu-Heat UK Limited 100%
- Nu-Oval Acquisitions 1 Limited* 100%
- Nu-Oval Acquisitions 2 Limited 100%
- Nu-Oval Acquisitions 3 Limited 100%
- Oracstar Limited 100%
- Permavoid B.V. 100%
- Permavoid Limited* 100%
- Permavoid Technologies Limited 100%
- Permavoid Technologies (USA) Limited 100%
- Permavoid Technologies (USA) LLC 100%
- Plura Composites Ltd* 100%
- Pocket Bed Limited 100%
- Polydeck Limited 100%
- Polypipe Building Products Limited* 100%
- Polypipe Civils Limited* 100%
- Polypipe Group 1 Limited 100%
- Polypipe (Ireland) Ltd 100%
- Polypipe Italia SRL* 100%
- Polypipe Middle East FZE* 100%
- Polypipe Middle East Water Technology LLC* 100%
- Polypipe Terrain Holdings Limited* 100%
- Polypipe Terrain Limited 100%
- Polypipe Trading Limited* 100%
- Polypipe (Ulster) Limited* 100%
- Polypipe Ventilation Limited* 100%
- Robimatic Limited* 100%
- Sky Garden Limited* 100%
- Solutek Environmental Limited* 100%
- Surestop Limited* 100%
- Sustainable Water and Drainage Systems B.V. 50%
- Sustainable Water and Drainage Systems Limited 50%
- Timoleon Sp z.o.o 100%
- Water Management Solutions LLC* 49%
Significant events
- “During the prior year Genuit Group plc and its subsidiaries (the 'Group') underwent a group rationalisation process, which included the write down and transfer of various balances held with dormant entities which have since been put into liquidation. These were one off costs in the prior year.”
- “The deferred and contingent consideration, in relation to the Acquisition of Plura Composites Ltd, was settled in January 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 33 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VERSLUYS, Emma Gayle | Secretary | 2017-06-28 | — | — |
| PULLEN, Timothy Neil | Director | 2023-11-01 | Nov 1977 | British |
| VORIH, Joseph Michael | Director | 2022-02-28 | Jul 1967 | American |
Show 33 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COX, Edward Alan | Secretary | — | 1999-06-30 |
| HOLLOWAY, David John | Secretary | 2004-10-07 | 2006-02-08 |
| PAYNE, Martin Keith | Secretary | 2016-05-25 | 2017-06-28 |
| SHEPHERD, Peter David | Secretary | 2006-02-08 | 2016-05-25 |
| SMITH, Andrew | Secretary | 1999-06-30 | 2004-10-07 |
| ALLEN, Gary James | Director | 1999-05-25 | 2001-05-11 |
| BAKER, Bryan William | Director | — | 1994-07-27 |
| BOWES LYON, Michael Fergus, Earl Of Strathmore And Kinghorne | Director | 1994-08-30 | 1999-05-19 |
| CORR, James Joseph | Director | 1995-11-20 | 2000-06-30 |
| HALL, David Graham | Director | 2005-09-02 | 2017-10-02 |
| HARDY, Michael Harry | Director | — | 2004-06-01 |
| HARRISON, Geoffrey | Director | — | 1999-05-19 |
| HICKEY, Thoams Myron | Director | 2007-04-27 | 2008-11-14 |
| HOLLOWAY, David John | Director | 2004-10-07 | 2006-02-08 |
| ILLINGWORTH, Richard Blair | Director | 2004-06-01 | 2005-10-04 |
| JAMES, Paul Anthony | Director | 2018-03-16 | 2023-09-30 |
| JONES, Brian Charles William | Director | 1998-09-09 | 2004-06-11 |
| LAMB, Martin James | Director | 2001-03-01 | 2005-09-02 |
| MCDONALD, Kevin | Director | — | 1999-05-19 |
| MORGAN, Howard | Director | 2005-09-02 | 2007-08-14 |
| MORININGSTAR, John | Director | 2005-09-02 | 2007-04-27 |
| PAYNE, Martin Keith | Director | 2016-05-25 | 2022-02-28 |
| PERREY, Peter | Director | — | 1999-05-19 |
| POINTON, Raymond Barry | Director | 1999-05-25 | 2001-03-01 |
| PULLEN, Matthew Grant | Director | 2021-11-01 | 2023-06-30 |
| RICE, Paul Michael | Director | 2005-10-18 | 2015-12-31 |
| ROBERTS, Victor John | Director | — | 1998-03-31 |
| SABIN, Glen Brian | Director | 2017-10-02 | 2021-11-01 |
| SHEPHERD, Peter David | Director | 2006-02-08 | 2016-05-25 |
| SLACK, Trevor John | Director | 1999-05-25 | 2005-09-02 |
| SMITH, Andrew | Director | 2000-06-30 | 2004-10-07 |
| STOCK, Bryan | Director | — | 1995-11-20 |
| WENDER, Justin Bellows | Director | 2005-10-07 | 2007-08-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Paul Anthony James | Individual | Significant influence | 2018-03-16 | Ceased 2022-11-17 |
| Mr Martin Keith Payne | Individual | Significant influence | 2016-05-25 | Ceased 2022-02-28 |
| Mr David Graham Hall | Individual | Significant influence | 2016-04-06 | Ceased 2017-10-02 |
| Pipe Holdings Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 352 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2024-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-04 | AA | accounts | Accounts with accounts type full | |
| 2023-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-02 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-05 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-08-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-01 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-28 | AP01 | officers | Appoint person director company with name date | |
| 2021-12-07 | PSC05 | persons-with-significant-control | Change to a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-2%
£438,200,000 £429,600,000
-
Cash
+746.7%
£3,000,000 £25,400,000
-
Net assets
+17%
£483,100,000 £565,200,000
-
Employees
-0.3%
2,515 2,507
-
Operating profit
+186.3%
£35,100,000 £100,500,000
-
Profit before tax
+279.6%
£24,000,000 £91,100,000
-
Wages
+4.3%
£95,900,000 £100,000,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers