PIPEX LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-04 (in 3mo)
Last made up 2025-07-21
Watchouts
Cash
—
Latest balance sheet
Net assets
£1
-100% lowest in 3 filed years
Employees
0
-100% lowest in 3 filed years
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
During 2023, the Company has ceased all operational existence and in the near future the Directors intend to take appropriate actions so that the Company can be struck off the Register of Companies. Accordingly, they adopt a basis other than going concern in preparing the financial statements.
Net assets
5-year trend · vs Basic Materials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | £12,957,000 | — | £12,880,000 | — | |
| Operating profit | — | £1,425,000 | — | £1,766,000 | — | |
| Profit before tax | — | £2,999,000 | — | £1,796,000 | — | |
| Net profit | — | £2,581,000 | — | £1,377,000 | — | |
| Cash | — | — | — | — | — | |
| Total assets less current liabilities | — | £4,668,000 | — | — | — | |
| Net assets | — | £4,617,000 | — | £5,971,000 | £1 | |
| Equity | £2,082,000 | £4,617,000 | £4,617,000 | £5,971,000 | £1 | |
| Average employees | — | 93 | — | 86 | 0 | |
| Wages | — | £3,800,000 | — | £3,556,000 | — |
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 | 2022-01-01 | 2022-12-31 | 2023-01-01 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | 11.0% | — | 13.7% | — | |
| Net margin | — | 19.9% | — | 10.7% | — | |
| Return on capital employed | — | 30.5% | — | — | — | |
| Gearing (liabilities / total assets) | — | — | — | 0.0% | — |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“During 2023, the Company has ceased all operational existence and in the near future the Directors intend to take appropriate actions so that the Company can be struck off the Register of Companies. Accordingly, they adopt a basis other than going concern in preparing the financial statements.”
Significant events
- “On 14 November 2024 the Directors passed a special resolution to reduce the Ordinary share capital of the Company from 60,533 Ordinary £1 shares to 1 Ordinary £1 share, and in doing so credited the profit and loss reserve with £60,533.”
- “On the same date, the Directors passed a special resolution to reduce the share premium account from £18,828 to £nil and this amount was credited to the Profit and Loss Account.”
- “On the same date, the Directors passed a special resolution to reduce the capital redemption reserve from £14,949 to £nil and this amount was credited to the Profit and Loss Account.”
- “On the same date, the Directors resolved to treat the Capital Contribution Reserve of £2,526,707 as realised profits by the Company and this amount was credited to the Profit and Loss Account.”
- “On 15 November 2024 the Company declared a dividend of £5,971,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| QUILTER, Martin John | Secretary | 2024-05-17 | — | — |
| BROUGHTON, Ian | Director | 2023-03-30 | Oct 1969 | British |
| O'NEIL, Christopher Paul | Director | 2020-12-31 | Dec 1973 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MURPHY, William Joseph | Secretary | 2009-04-14 | 2010-05-21 |
| SLOAN, Alison May | Secretary | 2015-11-25 | 2024-05-17 |
| SMITH, Alan William Bedford | Secretary | 1992-04-30 | 2005-12-06 |
| THOMAS, Valerie Gladys | Secretary | — | 1992-04-30 |
| WRIGHT, Steven | Secretary | 2005-12-06 | 2009-04-14 |
| CURZON CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2014-12-04 | 2015-11-25 |
| MICHELMORES SECRETARIES LIMITED | Corporate Secretary | 2013-11-26 | 2014-12-03 |
| PIPEX LIMITED | Corporate Secretary | 2010-05-22 | 2013-11-26 |
| BARR, Jon | Director | 2013-11-26 | 2015-11-25 |
| BROWN, Christopher Meredith | Director | 2013-11-26 | 2015-11-25 |
| BYRNE, Thomas Paul | Director | 2001-01-16 | 2015-11-25 |
| EADE, Donald Keith | Director | 1994-04-01 | 2005-05-31 |
| EVES, Simon | Director | 2013-11-26 | 2015-11-25 |
| FLEMING, Alastair James | Director | 2015-11-25 | 2018-08-31 |
| HEWSTONE, Matthew John | Director | 2013-11-26 | 2015-11-25 |
| INCE, Jeffrey Steven | Director | 2015-01-01 | 2015-11-25 |
| KENNETT, Adrian Peter | Director | 2009-02-09 | 2015-11-25 |
| LIGHTFOOT, Andrew David | Director | 2014-04-03 | 2015-11-25 |
| MORRIS, Peter John | Director | 2013-11-26 | 2015-11-25 |
| MURPHY, William Joseph | Director | 1999-03-22 | 2015-11-25 |
| OUDENDIJK, Robbert | Director | 2015-11-25 | 2023-03-30 |
| RAYNOR, Sarah Jane | Director | 2008-10-01 | 2014-10-16 |
| REID, Simon Scott | Director | 2018-07-09 | 2020-12-31 |
| RIDGEWELL, Derek Gordon | Director | — | 1997-02-07 |
| SMITH, Alan William Bedford | Director | — | 2013-11-26 |
| SMITH, Timothy Alan Bedford | Director | 1999-03-22 | 2008-12-03 |
| SMITH, Tom Henry Bedford | Director | 2005-10-01 | 2015-11-25 |
| STAIT, Geraint Wynn | Director | 2009-05-22 | 2015-11-25 |
| WRIGHT, Steven | Director | 2007-09-24 | 2015-11-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| National Oilwell Varco Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-02-12 | Active |
| Pipex Px Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-02-12 |
Filing timeline
Last 20 of 283 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-11-23 RESOLUTIONS Resolution
- 2024-11-23 MA Memorandum articles
- 2024-11-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type full | |
| 2025-07-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-11-23 | RESOLUTIONS | resolution | Resolution | |
| 2024-11-23 | MA | incorporation | Memorandum articles | |
| 2024-11-15 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-11-15 | SH20 | capital | Legacy | |
| 2024-11-15 | CAP-SS | insolvency | Legacy | |
| 2024-11-15 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-09 | RP04AP03 | officers | Second filing of secretary appointment with name | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-10 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-06-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-04-12 | CH01 | officers | Change person director company with change date | |
| 2023-12-08 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-10-11 | AA | accounts | Accounts with accounts type full | |
| 2023-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2023-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2023-02-13 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 2
- 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
—
Not reported
-
Cash
—
Not reported
-
Net assets
-100%
£5,971,000 £1
lowest in 3 filed years
-
Employees
-100%
86 0
lowest in 3 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers