MAINLINE PIPELINES LIMITED
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Cash
—
Latest balance sheet
Net assets
£91m
+4.9% highest in 3 filed years
Employees
14
-6.7% lowest in 3 filed years
Profit before tax
£5.8m
-28.4% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £19,189,000 | £18,238,000 | £19,675,000 | +7.9% | |
| Operating profit | £5,798,000 | £8,036,000 | £5,754,000 | -28.4% | |
| Profit before tax | £5,700,000 | £8,036,000 | £5,753,000 | -28.4% | |
| Net profit | £4,311,000 | £6,022,000 | £4,296,000 | -28.7% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £82,268,000 | £88,639,000 | £93,004,000 | +4.9% | |
| Net assets | £80,945,000 | £86,967,000 | £91,263,000 | +4.9% | |
| Equity | £80,945,000 | £86,967,000 | £91,263,000 | +4.9% | |
| Average employees | 16 | 15 | 14 | -6.7% | |
| Wages | £1,187,000 | £1,198,000 | £1,222,000 | +2% | |
| Directors' remuneration | £0 | £0 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 30.2% | 44.1% | 29.2% | |
| Net margin | 22.5% | 33.0% | 21.8% | |
| Return on capital employed | 7.0% | 9.1% | 6.2% | |
| Gearing (liabilities / total assets) | 46.0% | 45.4% | 44.6% | |
| Current ratio | 2.13x | 2.15x | — | |
| Interest cover | 59.16x | — | — |
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 financial statements have been prepared on the going concern basis, which assumes that the Company will continue in operational existence for at least one year from the date of signing these financial statements. The ability of the Company to continue as a going concern is dependent on the support of the Company's intermediate parent company Valero Energy Ltd. The directors of Valero Energy Ltd have confirmed that they will continue to provide financial support.”
Significant events
- “Profitability was lower than the prior year, reflecting the absence of a one time legal settlement relating to historical matters.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 62 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAW DEBENTURE CORPORATE SERVICES LIMITED | Corporate Secretary | 2017-01-30 | — | — |
| RUDD, Timothy Francis | Director | 2021-05-20 | Mar 1988 | British |
| SMITH, Timothy Nigel | Director | 2021-08-16 | Nov 1970 | British |
Show 62 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOYDELL, John Nicholas | Secretary | 2007-03-23 | 2008-08-05 |
| CLARKE, Andrew Terence | Secretary | 2008-08-05 | 2011-02-28 |
| DAVIES, Gary Cyril | Secretary | — | 1994-07-25 |
| FINCH, Peta Lesley | Secretary | 1994-07-25 | 2011-02-28 |
| MOTTERSHEAD, Denise Anne | Secretary | 1998-09-01 | 2007-03-23 |
| ZAZA, Brigitte | Secretary | 2011-02-28 | 2011-08-01 |
| INTERTRUST (UK) LIMITED | Corporate Secretary | 2014-05-15 | 2017-01-30 |
| INTERTRUST HOLDINGS (UK) LIMITED | Corporate Secretary | 2011-08-01 | 2014-05-15 |
| AHRENS, Valerie | Director | 2005-02-01 | 2008-02-01 |
| ALDERSON, Stuart Herbert | Director | 2001-09-11 | 2011-02-28 |
| ALEXANDER, James | Director | 2009-11-30 | 2011-02-28 |
| ALEXANDER, James | Director | 2006-09-01 | 2007-10-09 |
| BANNERMAN, Colin George | Director | 1999-02-01 | 2000-08-01 |
| BATEMAN, Stephen William | Director | 2018-11-01 | 2021-05-20 |
| BAUMGARTNER, Gerald Richard | Director | 1994-01-01 | 1996-02-01 |
| BEDDOES, Christopher Michael | Director | 2001-07-20 | 2008-03-14 |
| BELL, John Alan Clifford | Director | 1993-07-19 | 1996-11-01 |
| BLAND, Derek Martin Vaudin | Director | 2008-02-25 | 2009-07-16 |
| CARR, David | Director | 2000-03-24 | 2003-02-07 |
| CARRIAT, Jean-Yves Benoit | Director | 2007-06-01 | 2010-07-16 |
| CHAPMAN, Jack | Director | — | 1993-07-19 |
| CHASEIN DU GUERNY, Antoine Jean Marie | Director | 2003-02-07 | 2004-03-05 |
| CLAYMAN, David | Director | — | 1994-12-01 |
| COLEMAN, Richard Henry | Director | 2007-10-09 | 2009-11-30 |
| DAVIES, Robert Stephen | Director | 1995-10-20 | 1997-12-10 |
| DE MOT, Alain | Director | 2007-01-12 | 2008-11-14 |
| DEACON, Christopher Miles | Director | 1995-11-01 | 1996-08-01 |
| DONALDSON, Lynne | Director | 2003-10-01 | 2007-01-12 |
| DONOHUE, Martin Nigel | Director | 2000-08-01 | 2003-10-01 |
| DUJEAN, Alain Vincent | Director | 1996-09-19 | 1997-07-11 |
| ELLIS, Peter Price | Director | 1998-01-01 | 2000-03-24 |
| EVANS, Jonathan Maxwell | Director | 2008-03-14 | 2011-02-28 |
| FENNELL, Brynley Victor, Dr | Director | — | 1993-07-19 |
| HARPER, June | Director | 1997-07-14 | 2001-07-20 |
| HOLLIDAY, Stephen John | Director | 1993-07-19 | 1993-12-31 |
| HUMPHRIES, Simon | Director | — | 1995-11-01 |
| JOHNSTON, Brett Phillip | Director | 2017-12-12 | 2021-08-16 |
| JONES, Barry Roger | Director | 2007-01-12 | 2011-07-01 |
| JONES, Malcolm Frederick | Director | 1997-07-11 | 2000-05-17 |
| MAGRILL, Leonard Philip | Director | — | 1998-01-01 |
| MALLINSON, Trevor | Director | 1996-08-02 | 2007-05-24 |
| MARRIOTT, Philip Arnold | Director | 1997-01-01 | 1997-07-14 |
| MEESTERS, Luc | Director | 2009-07-16 | 2011-12-01 |
| MOULTON, John Peter | Director | 1997-12-10 | 1999-09-01 |
| OLLERHEAD, Stephen William | Director | 2000-05-17 | 2003-10-01 |
| RICODEAU, Bernard | Director | 1994-01-01 | 1996-09-18 |
| RIVOALEN, Philippe Marie | Director | 2003-04-01 | 2005-02-01 |
| SKIPPINS, Janet Alexandra | Director | 2003-10-01 | 2005-10-31 |
| SMITH, Timothy Nigel | Director | 2005-10-31 | 2018-11-01 |
| SNOW, Frank Dennis | Director | — | 1995-10-20 |
| THOMPSON, Derek Charles | Director | — | 1993-12-31 |
| TONG, Andrew Noel | Director | 1995-02-01 | 1997-10-01 |
| UPSON, Ian Wilshaw | Director | 1994-12-01 | 2000-03-24 |
| WARD, Catherine Elizabeth | Director | 2004-03-05 | 2006-09-01 |
| WATKINS, Neil Richard | Director | 2007-05-15 | 2014-03-14 |
| WHILE, Mark Anthony | Director | 2014-03-14 | 2017-12-12 |
| WICKENDEN, Peter Fredrick | Director | 1999-09-01 | 2003-03-31 |
| WILLIAMS, Gerald William | Director | 2011-02-28 | 2012-06-20 |
| WILLIAMS, Terry | Director | 2011-07-01 | 2011-11-18 |
| WILLIAMSON, Nicholas Pym | Director | — | 1995-02-01 |
| WOODS, Darren Wayne | Director | 2000-03-24 | 2001-07-20 |
| ZWITSERLOOT, Reiner Gerardus Maria | Director | 1996-02-01 | 1998-01-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Valero Logistics Uk Ltd | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 262 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-12 | AA | accounts | Accounts with accounts type full | |
| 2026-07-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-05 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-11 | AA | accounts | Accounts with accounts type full | |
| 2024-07-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-02 | AA | accounts | Accounts with accounts type full | |
| 2023-07-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-06 | AA | accounts | Accounts with accounts type full | |
| 2022-07-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-25 | AA | accounts | Accounts with accounts type full | |
| 2021-08-19 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2021-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-20 | AP01 | officers | Appoint person director company with name date | |
| 2021-05-20 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-22 | CH01 | officers | Change person director company with change date | |
| 2020-12-22 | CH01 | officers | Change person director company with change date | |
| 2020-12-15 | AD02 | address | Change sail address company with old address new address | |
| 2020-12-13 | AD03 | address | Move registers to sail company with new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.