PGL PIPELINES LIMITED

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Sumer Auditco Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “During the year, the company went through a restructuring process with the sale of the company's shares to an Employee Ownership Trust (EOT). It intends to benefit employees by securing a future share in the success of PGL for those employees involved.”
• “On 29 October 2024, the 1,874 B, 1874 C and 1874 D ordinary shares of £0.01 each were redesignated as A ordinary shares of £0.01 each. The 2,504 E ordinary shares were redesignated as 2,504 B ordinary shares of £0.01 each.”

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

Filings

3

last 12 months

Capital events

3

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -11.4%

  £19,756,186 → £17,511,824

• Cash

  -64.7%

  £4,719,262 → £1,664,992

• Net assets

  -58.3%

  £3,959,933 → £1,651,870

• Employees

  -5%

  20 → 19

• Operating profit

  -29%

  £1,499,899 → £1,064,409

• Profit before tax

  -27.2%

  £1,531,012 → £1,114,573

• Wages

  -6%

  £1,173,032 → £1,103,038

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