CRC EVANS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-30 (in 4mo)
Last made up 2025-09-16
Watchouts
None on the register
Cash
£5M
+895.3% vs 2023
Net assets
£11M
+165.2% vs 2023
Employees
162
+13.3% vs 2023
Profit before tax
-£15M
+27.9% vs 2023
Name history
Renamed 1 time since incorporation
- CRC EVANS LIMITED 2026-03-02 → present
- PIPELINE TECHNIQUE LTD. 1998-09-16 → 2026-03-02
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 | £12,658,265 | £15,268,347 | |
| Operating profit | -£16,114,159 | -£13,965,159 | |
| Profit before tax | -£20,126,019 | -£14,514,455 | |
| Net profit | -£20,066,716 | -£14,436,620 | |
| Cash | £489,251 | £4,869,533 | |
| Total assets less current liabilities | £6,753,150 | £10,879,170 | |
| Net assets | -£16,698,295 | £10,879,170 | |
| Equity | -£16,698,295 | £10,879,170 | |
| Average employees | 143 | 162 | |
| Wages | £10,580,430 | £11,154,930 |
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 | -127.3% | -91.5% | |
| Net margin | -158.5% | -94.6% | |
| Return on capital employed | -238.6% | -128.4% | |
| Gearing (liabilities / total assets) | 125.6% | 85.1% | |
| Current ratio | 0.78x | 0.86x | |
| Interest cover | -3.54x | -23.94x |
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”
Group structure
- CRC EVANS LIMITED · parent
- Pipeline Technic LLC 100%
- Pipeline Technique Sdn Bhd 100%
- Pipeline Technique (Australia) Pty Limited 100%
- Pipeline Technique Nederland B.V. 100%
- PT Pipeline Technique Batam 95%
- SAS PTL France Ltd 100%
- Pipeline Technique Kazakhstan 100%
- Pipeline Tecnhique do Brasil Unipessoal Ltda 100%
- Pipeline Technique Charkin Systems Limited 49%
- CRC Evans France 100%
- Global Project (Services) Limited 100%
- Global Project Services Norge AS 100%
- CRC-Evans B.V. 100%
- PIH Holdings Limited 100%
- Societe Miniere Et Commercial SAS 100%
- Pipeline Induction Heat Limited 100%
- PIH Services Limited 100%
- PIH Services ME Ltd 100%
- PIH Services ME W.L.L 49%
- PIH Services ME LLC 49%
- PTL US Bidco Inc 100%
- CRC-Evans International LLC 100%
- CRC-Evans International Holding, LLC 100%
- CRC-Evans Pipeline International, Inc. 100%
- CRC Evans Offshore Limited 100%
- CRC-Evans Welding Services, Inc. 100%
- CRC Evans Offshore, LLC 100%
- Microalloying International LLC 100%
- CRC-Evans Canada Limited 100%
- Stanley Inspection Canada Ltd. 100%
- CRC-Evans PIH Servicos De Tubulacao Do Brasil Ltda 100%
- CRC-Evans Pipeline International Sdn Bhd (Malaysia) 100%
- PIH India Private Limited 100%
- Pipeline Solution Company Limited 75%
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.”
- “On 14 February 2024, the Company issued 5,130,001 Ordinary B shares of $1 for total consideration of $51,548,000. The consideration receivable from the share issue was used to repay interest bearing intercompany loans.”
- “Additionally, on the same date, the loan from the ultimate parent undertaking was reassigned to PTL UK Bidco Limited, the company's immediate holding company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HOLLAND, Duncan | Director | 2024-07-31 | Sep 1977 | British |
| PIASERE, Mauro | Director | 2025-08-11 | May 1967 | Italian |
| SANNE, Bjarne Christopher Petersen | Director | 2025-05-20 | Oct 1988 | Norwegian |
| SOMERVILLE, Martin | Director | 2019-05-22 | Feb 1977 | British |
| WILLIAMS, David John | Director | 2019-05-22 | Sep 1953 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MONTGOMERY, Brian Sinclair | Secretary | 2006-12-22 | 2008-07-17 |
| REID, Brian | Nominee Secretary | 1998-09-16 | 1998-09-16 |
| WINSEY, Julia | Secretary | 2002-08-01 | 2006-12-22 |
| MESSRS. PHILIP, GAULD & CO., SOLICITORS, | Corporate Secretary | 1998-09-16 | 2002-06-30 |
| VISTRA COMPANY SECRETARIES LIMITED | Corporate Secretary | 2008-07-17 | 2019-05-22 |
| BLOK, Niels | Director | 2017-01-01 | 2018-12-31 |
| BOERKAMP, Patrick Bernardus | Director | 2008-10-01 | 2020-05-31 |
| CASTREC, Frederic | Director | 2022-08-19 | 2025-08-14 |
| COBBAN, Athol John | Director | 2008-10-01 | 2012-06-01 |
| CORRIGAN, Mark Francis | Director | 2022-11-24 | 2023-05-24 |
| DAVIDSON, Barry James | Director | 2012-06-01 | 2013-05-10 |
| DE HAAS, Ramon Armin | Director | 2016-05-20 | 2019-05-22 |
| GOBEL, Jean-Paul | Director | 2019-01-01 | 2019-05-22 |
| JONKER, Jacob Dirk Cornelis | Director | 2016-05-20 | 2016-12-30 |
| LANIGAN, Philip Nicholas | Director | 2021-06-29 | 2024-07-31 |
| MABBOTT, Stephen | Nominee Director | 1998-09-16 | 1998-09-16 |
| MACKAY, James | Director | 2022-08-19 | 2026-02-26 |
| MCGREGOR, Duncan David | Director | 1998-09-16 | 2015-04-10 |
| MCLARDY, Kevin George | Director | 2019-10-17 | 2021-05-31 |
| STROPPA, Marcello Gabriele Arturo | Director | 2022-07-27 | 2024-06-21 |
| STUART, Ian | Director | 2003-04-14 | 2008-09-30 |
| STUART, Ian | Director | 1998-09-16 | 2001-01-19 |
| YOUNG, Peter William | Director | 2013-07-29 | 2016-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ptl Uk Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-22 | Active |
| Hmc Welding (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-05-22 |
Filing timeline
Last 20 of 170 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-02 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-16 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 | |
| 2025-04-09 | AA | accounts | Accounts with accounts type full | |
| 2024-09-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-21 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-05 | AA | accounts | Accounts with accounts type full | |
| 2024-02-27 | SH01 | capital | Capital allotment shares | |
| 2023-10-02 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- 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
+20.6%
£12,658,265 £15,268,347
-
Cash
+895.3%
£489,251 £4,869,533
-
Net assets
+165.2%
-£16,698,295 £10,879,170
-
Employees
+13.3%
143 162
-
Operating profit
+13.3%
-£16,114,159 -£13,965,159
-
Profit before tax
+27.9%
-£20,126,019 -£14,514,455
-
Wages
+5.4%
£10,580,430 £11,154,930
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