SPECIAL PIPING MATERIALS (HOLDINGS) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-04 (in 5mo)
Last made up 2025-09-20
Watchouts
None on the register
Cash
£11M
+52.2% highest in 3 filed years
Net assets
£36M
+3.3% highest in 3 filed years
Employees
60
-10.4% lowest in 3 filed years
Profit before tax
£3M
-40.3% vs 2023
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £43,973,994 | £38,014,189 | |
| Operating profit | — | — | — | — | — | £5,645,497 | £3,236,943 | |
| Profit before tax | — | — | — | — | — | £5,582,966 | £3,332,581 | |
| Net profit | — | — | — | — | — | £4,432,013 | £2,464,730 | |
| Cash | — | — | £735,131 | — | — | £7,383,587 | £11,239,701 | |
| Total assets less current liabilities | — | — | £3,035,947 | — | — | £36,902,089 | £38,225,138 | |
| Net assets | — | — | £3,029,070 | — | — | £35,300,706 | £36,466,967 | |
| Equity | £2,998,559 | £3,282,056 | £3,029,070 | £2,826,571 | £3,212,052 | £35,300,706 | £36,466,967 | |
| Average employees | — | — | 66 | — | — | 67 | 60 | |
| Wages | — | — | — | — | — | £3,773,853 | £3,496,091 | |
| Directors' remuneration | — | — | — | — | — | £96,203 | £34,725 |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-13.6%
£43,973,994 £38,014,189
-
Cash
+52.2%
£7,383,587 £11,239,701
highest in 3 filed years
-
Net assets
+3.3%
£35,300,706 £36,466,967
highest in 3 filed years
-
Employees
-10.4%
67 60
lowest in 3 filed years
-
Operating profit
-42.7%
£5,645,497 £3,236,943
-
Profit before tax
-40.3%
£5,582,966 £3,332,581
-
Wages
-7.4%
£3,773,853 £3,496,091
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 | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 12.8% | 8.5% | |
| Net margin | — | — | — | — | — | 10.1% | 6.5% | |
| Return on capital employed | — | — | — | — | — | 15.3% | 8.5% | |
| Current ratio | — | — | — | — | — | 3.84x | 6.49x | |
| Interest cover | — | — | — | — | — | 56.02x | 31.88x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. The group is investing into research into growing UK markets such as nuclear which has significant investment and green light projects in the UK market.”
Group structure
- SPECIAL PIPING MATERIALS (HOLDINGS) LIMITED · parent
- Special Piping Materials Limited 100%
- Special Piping Materials (Singapore) Pte Limited 100%
- Special Piping Materials (WA) Pty Limited 100%
- Special Piping Materials (Australia) Pty Limited* 100%
- Special Piping Materials (Scotland) Limited 90%
- Special Piping Materials Inc 100%
- Special Piping Materials do Brasil Ltda* 75%
- Special Bar Materials Inc* 100%
- Special Piping Materials Holdings Inc 100%
Significant events
- “2024 has seen a 13.6% decease in turnover with Singapore, in particular, showing reduced sales. There continue to be significant delays in potential projects being green lit throughout Europe due to uncertainties in the Russia/Ukraine war.”
- “As anticipated, the elections in 2024 have lead to delays with the new North Sea oil project.”
- “The group will carry on diversifying its market by increasing the volume of sales to the water treatment industries such as desalination and potable water processing.”
- “Investment into the nuclear supply chain will help reduce the risk from a slower oil and gas market in the UK. The group will also look at opportunities in local hydrogen and renewable markets including biofuel and green hydrogen.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Anne Michelle | Secretary | 2013-09-20 | — | — |
| BUCKLEY, Leslie | Director | 2013-09-20 | Apr 1950 | British |
| BUCKLEY, Mary Linda | Director | 2013-09-20 | Nov 1949 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Leslie Buckley | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
| Mrs Mary Linda Buckley | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 41 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-02-04 RESOLUTIONS Resolution
- 2021-02-04 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-30 | AA | accounts | Accounts with accounts type group | |
| 2025-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-04 | CH01 | officers | Change person director company with change date | |
| 2024-10-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-04 | CH01 | officers | Change person director company with change date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type group | |
| 2023-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type group | |
| 2022-09-27 | AA | accounts | Accounts with accounts type group | |
| 2022-09-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type group | |
| 2021-09-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-05-21 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2021-05-21 | CH01 | officers | Change person director company with change date | |
| 2021-05-21 | CH01 | officers | Change person director company with change date | |
| 2021-02-04 | RESOLUTIONS | resolution | Resolution | |
| 2021-02-04 | MA | incorporation | Memorandum articles |
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.