PIPELINE INDUCTION HEAT LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-16 (in 11mo)
Last made up 2026-04-02
Watchouts
None on the register
Cash
£3M
+28.1% vs 2023
Net assets
£8M
+1,248% vs 2023
Employees
141
-7.2% vs 2023
Profit before tax
£8M
+194.7% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £40,959,000 | £41,358,000 | |
| Operating profit | -£8,372,000 | £7,906,000 | |
| Profit before tax | -£8,350,000 | £7,906,000 | |
| Net profit | -£7,883,000 | £7,313,000 | |
| Cash | £2,023,000 | £2,591,000 | |
| Total assets less current liabilities | £2,277,000 | £9,399,000 | |
| Net assets | £586,000 | £7,899,000 | |
| Equity | £586,000 | £7,899,000 | |
| Average employees | 152 | 141 | |
| Wages | £8,641,000 | £8,537,000 |
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 | -20.4% | 19.1% | |
| Net margin | -19.2% | 17.7% | |
| Return on capital employed | -367.7% | 84.1% | |
| Gearing (liabilities / total assets) | 98.0% | 77.6% | |
| Current ratio | 0.97x | 1.28x |
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
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements ('the going concern period').”
Significant events
- “Since becoming part of the CRC Evans group in 2022, the Company has sought to strengthen its relationships with customers through the signing of longer-term arrangements with key customers securing a robust backlog aligning the Company for sustainable growth.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 36 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLAND, Duncan | Secretary | 2024-07-31 | — | — |
| HOLLAND, Duncan | Director | 2024-07-31 | Sep 1977 | British |
| MCSHANE, Paul Joseph | Director | 2016-11-01 | May 1978 | Irish |
| PIASERE, Mauro | Director | 2025-08-11 | May 1967 | Italian |
| SANNE, Bjarne Christopher Petersen | Director | 2025-05-20 | Oct 1988 | Norwegian |
Show 36 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COSTELLO, Steven John | Secretary | 2013-10-31 | 2022-08-19 |
| HAYHURST, Fred | Secretary | 2011-03-11 | 2013-10-31 |
| LANIGAN, Philip Nicholas | Secretary | 2022-08-19 | 2024-07-31 |
| ROBINSON, Paul James | Secretary | — | 2011-03-11 |
| ALLEN, Caroline | Director | 2018-01-08 | 2021-12-07 |
| BOND, Philip Michael | Director | 1999-12-22 | 2011-09-01 |
| BOND, Philip Michael | Director | — | 1997-06-12 |
| BURKE, James Richard | Director | 1996-10-04 | 1997-06-12 |
| CAREY, Malcolm Timothy | Director | 1997-06-13 | 2011-09-01 |
| CAREY, Malcolm Timothy | Director | 1995-11-08 | 1996-04-10 |
| CASTREC, Frederic | Director | 2022-08-19 | 2025-08-14 |
| COGZELL, Matthew James | Director | 2011-09-01 | 2012-06-01 |
| COWLEY, John Mitchell | Director | 2011-09-01 | 2015-01-08 |
| DAVISON, Thomas Patrick | Director | 2013-05-20 | 2015-09-01 |
| EVANS, Calvin Paul | Director | 1997-06-13 | 2011-09-01 |
| EVANS, Calvin Paul | Director | — | 1997-06-12 |
| FRANCIS, Norman R | Director | 1995-11-08 | 1996-04-15 |
| GARDNER, Philip D | Director | 1996-10-04 | 1997-06-12 |
| GOFF, Brian Charles | Director | — | 1997-06-12 |
| JUMPSEN, David Thomas | Director | — | 1997-06-06 |
| LAAKE, Gregory Duane | Director | 2005-04-04 | 2011-06-30 |
| LANIGAN, Philip Nicholas | Director | 2022-08-19 | 2024-07-31 |
| MACKAY, James Innes | Director | 2022-08-19 | 2026-02-26 |
| MOKLAK, Paul Daniel | Director | 2016-11-01 | 2018-02-28 |
| NORRIS, Windell Derwood | Director | — | 1996-01-01 |
| RAMSDEN, Albert | Director | 1999-12-22 | 2003-05-07 |
| RHODES, Fiona Elizabeth | Director | 2015-09-07 | 2018-01-08 |
| SMILEY, Mark Richard | Director | 2015-01-08 | 2016-10-31 |
| SMITH, Michael Peter | Director | — | 2008-08-18 |
| SOOD, Amit Kumar | Director | 2011-09-01 | 2016-10-31 |
| STUBBS, Susan | Director | 2012-06-01 | 2016-10-31 |
| TEIXEIRA, Bruno Claudio Oliveira | Director | 2021-12-07 | 2023-05-23 |
| WENDELL BIGGERS, Mark | Director | 2001-11-16 | 2004-02-13 |
| WOOD, Delma Dale | Director | 1997-06-13 | 2001-11-16 |
| WOOD, Delma Dale | Director | — | 1995-10-05 |
| WYNNE HUGHES, Adam Rhys | Director | 2011-09-01 | 2023-06-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| P I H Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 226 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-10 | AA | accounts | Accounts with accounts type full | |
| 2025-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-28 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-10 | AA | accounts | Accounts with accounts type full | |
| 2025-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-08-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-02 | AA | accounts | Accounts with accounts type full | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-06-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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
+1%
£40,959,000 £41,358,000
-
Cash
+28.1%
£2,023,000 £2,591,000
-
Net assets
+1,248%
£586,000 £7,899,000
-
Employees
-7.2%
152 141
-
Operating profit
+194.4%
-£8,372,000 £7,906,000
-
Profit before tax
+194.7%
-£8,350,000 £7,906,000
-
Wages
-1.2%
£8,641,000 £8,537,000
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