INDEPENDENT PIPELINES LIMITED
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Cash
£2.4k
+23.4% vs 2024
Net assets
£539m
-0.2% vs 2024
Employees
0
Average over period
Profit before tax
£5.8m
-14.2% lowest in 3 filed years
Net assets
3-year trend · vs Utilities 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 | £41,397,701 | £44,862,435 | £45,553,361 | +1.5% | |
| Operating profit | £9,029,037 | £9,532,207 | £8,842,744 | -7.2% | |
| Profit before tax | £6,768,805 | £6,769,022 | £5,806,047 | -14.2% | |
| Net profit | £5,386,539 | £5,127,172 | £4,354,536 | -15.1% | |
| Cash | £9,855 | £1,960 | £2,419 | +23.4% | |
| Total assets less current liabilities | £686,149,508 | £707,986,247 | £705,656,505 | -0.3% | |
| Net assets | £523,771,896 | £540,276,568 | £538,963,041 | -0.2% | |
| Equity | £523,771,896 | £540,276,568 | £538,963,041 | -0.2% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| 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 | 21.8% | 21.2% | 19.4% | |
| Net margin | 13.0% | 11.4% | 9.6% | |
| Return on capital employed | 1.3% | 1.3% | 1.3% | |
| Gearing (liabilities / total assets) | 43.0% | 44.2% | 45.9% | |
| Current ratio | 0.77x | 0.79x | 0.83x | |
| Interest cover | 0.80x | 0.65x | 0.49x |
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.
Name history
Renamed 4 times since incorporation
- INDEPENDENT PIPELINES LIMITED 2001-08-13 → present
- TOTALFINAELF PIPELINES LIMITED 2000-08-22 → 2001-08-13
- ELF PIPELINES LIMITED 1999-06-17 → 2000-08-22
- AGAS DEVELOPMENTS LIMITED 1995-07-19 → 1999-06-17
- AGAS (HAYDON) LIMITED 1993-06-21 → 1995-07-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Given the above, the Directors have a reasonable expectation that the Group and Company can continue to meet its liabilities as they fall due, for a period of at least 12 months from the date of this annual report. Accordingly, they have prepared the financial statements on the going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUMFORD, Christopher Paul | Secretary | 2006-07-27 | — | British |
| ALDRIDGE, Ian Craig | Director | 2022-09-09 | Feb 1963 | British |
| BRETT, Richard Mark | Director | 2023-07-28 | Jun 1985 | British |
| HOCKMAN, Samuel | Director | 2025-03-31 | Sep 1982 | British |
| LINSDELL, Clive Eric | Director | 2013-01-25 | Mar 1962 | British |
| SHAW, Neil Edward | Director | 2024-05-09 | Apr 1962 | British |
| TROUNSON, John | Director | 2017-12-01 | Dec 1966 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ADAMS, Peter Gordon | Secretary | 1996-06-17 | 1999-02-02 |
| CASTLE, Rodney Grahame | Secretary | 1993-06-21 | 1996-02-02 |
| ENGLISH, Charles Warwick Foster | Secretary | 1996-02-02 | 1996-06-17 |
| LEE, Simon John | Secretary | 2013-03-19 | 2016-06-17 |
| MAHER, Abdul Majid | Secretary | 1999-02-02 | 2001-08-08 |
| MANNING, Edward Andrew | Secretary | 2023-11-06 | 2024-06-25 |
| STANDRING, Susan Lisa | Secretary | 2016-08-18 | 2022-04-20 |
| WARD, Russell Adrian Edmund | Secretary | 2001-08-08 | 2006-07-27 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 1993-06-21 | 1993-06-21 |
| ADAMS, Peter Gordon | Director | 1999-02-02 | 2001-08-08 |
| ATTWELL THOMAS, Christopher Paul | Director | 2001-08-08 | 2002-09-13 |
| COLLINS, Graham | Director | 2017-03-24 | 2019-04-16 |
| CORNEY, Darryl John | Director | 2006-06-21 | 2023-07-28 |
| FISHER, Robert John | Director | 2001-08-08 | 2005-08-31 |
| FOURNIER, Jean Raymond Joseph | Director | 1998-01-13 | 2001-08-08 |
| GIBB, Philip | Director | 1994-01-17 | 2001-08-08 |
| HINCHLIFFE, John William | Director | 1999-09-24 | 2000-09-30 |
| HINDLE, Nicola Ruth | Director | 2021-04-14 | 2023-12-20 |
| HOUGHTON, David Patrick | Director | 2002-08-08 | 2006-06-16 |
| JOHNSTON, Keith | Director | 2014-02-26 | 2022-09-09 |
| KURIYAN, Ravi Joseph | Director | 1998-09-29 | 2000-09-30 |
| LAFOND, Jacques | Director | 2000-09-05 | 2001-08-08 |
| LEGROS, Didier | Director | 1998-01-13 | 2000-09-30 |
| MARSHALL, Alan Roger | Director | 1993-06-21 | 1998-09-01 |
| MURRAY, Robert James Matthews | Director | 2006-01-04 | 2011-04-12 |
| SHAW, Neil Edward | Director | 2013-01-25 | 2013-12-31 |
| WARD, Russell Adrian Edmund | Director | 2001-08-08 | 2012-12-17 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 1993-06-21 | 1993-06-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inexus Group (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-07-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-21 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-06-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-12-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-08-23 | AA | accounts | Accounts with accounts type full | |
| 2023-07-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-28 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2022-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2022-07-20 | AA | accounts | Accounts with accounts type full | |
| 2022-06-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-20 | TM02 | officers | Termination secretary company with name termination date |
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.