PII LIMITED — The Accounts

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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-05-21 (in 1y)

Last made up 2026-05-07

Watchouts

None on the register

Cash

£4M

+3.9% vs 2023

Net assets

£56M

+14.6% vs 2023

Employees

162

-17.8% vs 2023

Profit before tax

£3M

+19.5% vs 2023

Name history

Renamed 2 times since incorporation

PII LIMITED 1999-10-01 → present
PIPELINE INTEGRITY INTERNATIONAL LIMITED 1997-12-24 → 1999-10-01
3079TH SINGLE MEMBER SHELF TRADING COMPANY LIMITED 1997-08-26 → 1997-12-24

Net assets

2-year trend · vs Consumer Discretionary median

PII LIMITED·Consumer Discretionary median · n=5592

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	£55,332,000	£51,626,000
Operating profit	£4,136,000	£4,242,000
Profit before tax	£2,732,000	£3,264,000
Net profit	£4,556,000	£3,944,000
Cash	£3,439,000	£3,572,000
Total assets less current liabilities	—	—
Net assets	£49,187,000	£56,388,000
Equity	£49,187,000	£56,388,000
Average employees	197	162
Wages	£14,642,000	£11,003,000

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	2023-12-31	2024-12-31
Operating margin	7.5%	8.2%
Net margin	8.2%	7.6%
Current ratio	1.65x	2.01x
Interest cover	2.95x	4.21x

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: 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 justifiable.”

Group structure

PII LIMITED · parent
1. PII Pipetronix Gmbh 100% · Germany · Pipeline Inspection and reporting
2. PII Pipeline Science & Technology (Beijing) Co., Ltd. 100% · China · Pipeline inspection and reporting

Significant events

“The company made no political donations or incurred any political expenditure during the year (2023: £nil).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

4 active · 37 resigned

Name	Role	Appointed	Born	Nationality
DUNLOP, Lorraine Amanda	Secretary	2020-01-20	—	—
BELLAMY, Michael	Director	2010-03-24	Oct 1962	British
CHADDA, Sanjeet	Director	2012-08-14	May 1978	British
JOHNSON, Kevin	Director	2012-08-14	May 1963	British

Show 37 resigned officers

Name	Role	Appointed	Resigned
CONE, Harry Douglas	Secretary	1999-02-26	2001-01-31
GRAHAM, William	Secretary	1998-06-02	1999-02-26
HIGGINS, Caroline Patricia	Secretary	2001-02-01	2002-08-31
A G SECRETARIAL LIMITED	Corporate Secretary	2004-01-01	2009-10-31
CLIFFORD CHANCE SECRETARIES LIMITED	Corporate Secretary	2002-09-23	2003-12-31
OAKWOOD CORPORATE SECRETARY LIMITED	Corporate Secretary	2009-11-01	2020-01-20
SISEC LIMITED	Corporate Nominee Secretary	1997-08-26	1998-06-02
ACKHURST, Trent Braden	Director	2007-05-26	2007-09-01
BATHGATE, Adam	Director	2007-09-24	2011-02-14
BERGER, Christopher Carl	Director	2007-05-26	2008-09-12
BOCCOLA, Ippolito	Director	2013-07-03	2015-03-03
BUCCI, John Vincent	Director	2007-09-24	2010-03-23
CARTLEDGE, Andrew	Director	2002-09-03	2003-10-26
CHRISTIE, Roderick Angus	Director	2002-09-03	2004-09-16
CLARK, Alyson Margaret	Director	2002-09-03	2007-05-25
DANIELL, Paul Nigel	Director	2002-09-03	2002-11-06
DIGBY, Mark Damien	Director	2005-02-07	2006-10-03
GRAHAM, William	Director	1999-05-27	2002-09-30
HIGGINS, John Daniel	Director	2011-02-14	2012-07-02
HORNBY, Ian	Director	2008-05-02	2010-12-08
JACOB, Frances Carol	Director	2000-01-27	2002-03-18
JACOB, Frances Carol	Director	1998-01-30	1998-03-04
KEENAN, John Joseph	Director	2005-08-01	2007-10-24
LITTLE, Daniel Stephen Paul	Director	2008-05-02	2009-09-01
MANN, Cynthia Kay	Director	2007-05-26	2008-05-02
MULHOLLAND, Diarmaid Patrick	Director	2006-10-03	2007-05-25
PAPARONI, Marco Renato Bruno	Director	2008-09-12	2013-07-01
POULIQUEN, Patrick	Director	2002-05-17	2004-02-12
POWELL, Michael Anthony	Director	1998-02-19	2002-07-31
ROGERSON, Philip Graham	Director	1999-05-27	2002-04-08
SHARMAN, Jeremy William	Director	1998-01-30	2000-01-27
SIMMONS, Michael James	Director	2004-04-08	2006-09-30
SLOAN, Alasdair Murray Campbell	Director	2008-05-02	2012-07-02
TON, Gwaine William	Director	2003-09-12	2005-07-20
WAKE, Hilary Anne, Mrs.	Director	2005-02-07	2007-05-25
LOVITING LIMITED	Corporate Nominee Director	1997-08-26	1998-01-30
SERJEANTS' INN NOMINEES LIMITED	Corporate Nominee Director	1997-08-26	1998-01-30

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Pii Group Limited	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2016-04-06	Active

Filing timeline

Last 20 of 200 total filings

Date	Type	Category	Description
2026-05-07	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2026-04-18	AA	accounts	Accounts with accounts type full
2025-05-20	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2025-01-04	AA	accounts	Accounts with accounts type full
2024-06-07	AA	accounts	Accounts with accounts type full
2024-05-08	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-05-16	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2023-01-04	AA	accounts	Accounts with accounts type full
2022-05-19	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2022-05-18	AD02	address	Change sail address company with old address new address	PDF
2022-01-18	CH01	officers	Change person director company with change date	PDF
2022-01-05	AA	accounts	Accounts with accounts type full
2021-05-14	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2021-01-12	AA	accounts	Accounts with accounts type full
2020-05-07	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2020-01-29	AP03	officers	Appoint person secretary company with name date	PDF
2020-01-21	TM02	officers	Termination secretary company with name termination date	PDF
2020-01-21	AD02	address	Change sail address company with old address new address	PDF
2019-11-25	AA	accounts	Accounts with accounts type full
2019-05-13	CS01	confirmation-statement	Confirmation statement with no updates	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 3
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

-6.7%

£55,332,000 £51,626,000
Cash

+3.9%

£3,439,000 £3,572,000
Net assets

+14.6%

£49,187,000 £56,388,000
Employees

-17.8%

197 162
Operating profit

+2.6%

£4,136,000 £4,242,000
Profit before tax

+19.5%

£2,732,000 £3,264,000
Wages

-24.9%

£14,642,000 £11,003,000

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

Official Companies House page