FULCRUM PIPELINES LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-23 (in 7mo)
Last made up 2025-12-09
Watchouts
None on the register
Cash
£296K
+2,860% vs 2024
Net assets
£13M
-9% vs 2024
Employees
10
-23.1% vs 2024
Profit before tax
£2M
+818.4% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £3,861,000 | £3,686,000 | |
| Operating profit | £218,000 | £2,076,000 | |
| Profit before tax | £228,000 | £2,094,000 | |
| Net profit | £692,000 | £2,361,000 | |
| Cash | £10,000 | £296,000 | |
| Total assets less current liabilities | £16,271,000 | £15,014,000 | |
| Net assets | £14,295,000 | £13,005,000 | |
| Equity | £14,295,000 | £13,005,000 | |
| Average employees | 13 | 10 | |
| Wages | — | — | |
| Directors' remuneration | £418,000 | £304,000 |
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
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-4.5%
£3,861,000 £3,686,000
-
Cash
+2,860%
£10,000 £296,000
-
Net assets
-9%
£14,295,000 £13,005,000
-
Employees
-23.1%
13 10
-
Operating profit
+852.3%
£218,000 £2,076,000
-
Profit before tax
+818.4%
£228,000 £2,094,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 5.6% | 56.3% | |
| Net margin | 17.9% | 64.1% | |
| Return on capital employed | 1.3% | 13.8% | |
| Gearing (liabilities / total assets) | 73.5% | 76.7% | |
| Current ratio | -0.85x | -0.88x |
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 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors of the Company have assessed the conclusions reached by the Group's directors and having undertaken this review, the directors have a reasonable expectation that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concern basis.”
Group structure
- FULCRUM PIPELINES LIMITED · parent
- Smart Energy Code Company Limited
Significant events
- “On 1 August 2025, the Company completed the transfer of an eleventh tranche of its domestic customer gas connection assets to a third-party for a total consideration of £1.0 million, which was received on 31 July 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2010-10-29 | — | — |
| JAGER, Jonathan | Director | 2022-03-30 | Nov 1973 | British |
| FULCRUM UTILITY SERVICES LIMITED | Corporate Director | 2022-11-30 | — | — |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAKER, Helen Alice | Secretary | 2006-11-22 | 2007-11-09 |
| COCKBURN, Emma Suzanne | Secretary | 2007-10-19 | 2008-09-26 |
| DURRANT, Andrew Peter | Secretary | 2006-11-22 | 2007-10-19 |
| FORWARD, David Charles | Secretary | 2007-11-09 | 2010-07-08 |
| RAYNER, Heather Maria | Secretary | 2008-09-26 | 2010-07-08 |
| MAWLAW SECRETARIES LIMITED | Corporate Secretary | 2010-07-08 | 2010-10-29 |
| WATERLOW SECRETARIES LIMITED | Corporate Nominee Secretary | 2006-11-22 | 2006-11-22 |
| CLARKE, Paul Lee | Director | 2010-08-24 | 2011-03-18 |
| CUTLER, Jennifer Louise | Director | 2021-03-10 | 2022-03-31 |
| DONNACHIE, Martin Thomas | Director | 2013-10-08 | 2017-07-31 |
| DUGDALE, Terry Michael | Director | 2019-07-01 | 2022-01-24 |
| FOSTER, Ian | Director | 2017-08-01 | 2019-03-20 |
| GREEN, Marcus Conrad | Director | 2011-03-25 | 2014-01-28 |
| GRIFFITHS, Hazel Jayne | Director | 2019-03-20 | 2019-06-30 |
| HARRIS, Daren | Director | 2019-06-24 | 2021-01-05 |
| HARRISON, Martin John | Director | 2014-12-11 | 2019-09-30 |
| MURRAY, Stephen John | Director | 2010-04-01 | 2010-07-08 |
| POPPLESTONE, Brian Harris | Director | 2006-11-22 | 2010-02-28 |
| SPELLMAN, John Ashley | Director | 2010-07-08 | 2013-05-21 |
| WATTS, Mark Irvine John | Director | 2010-07-08 | 2014-06-03 |
| WHITTAKER, Paul Frederick Garry | Director | 2006-11-22 | 2010-07-08 |
| WATERLOW NOMINEES LIMITED | Corporate Nominee Director | 2006-11-22 | 2006-11-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Fulcrum Utility Assets Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-11-12 | Active |
| Fulcrum Utility Investments Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2020-11-12 |
| Fulcrum Utility Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Significant influence | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 145 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-09 MA Memorandum articles
- 2022-12-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-15 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-04-02 | AA01 | accounts | Change account reference date company previous extended | |
| 2024-12-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-03-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-26 | AA | accounts | Accounts with accounts type full | |
| 2023-08-15 | AD02 | address | Change sail address company with old address new address | |
| 2023-07-27 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-04-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-06 | AA | accounts | Accounts with accounts type full | |
| 2022-12-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-09 | MA | incorporation | Memorandum articles | |
| 2022-12-09 | RESOLUTIONS | resolution | Resolution | |
| 2022-12-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-11-30 | AP02 | officers | Appoint corporate director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.