CRC EVANS LIMITED
Get an alert when CRC EVANS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£1M
USD 1,386,000
-78.9% vs 2024
Net assets
-£6.5M
USD -8,747,000
-159.6% vs 2024
Employees
162
0% vs 2024
Profit before tax
-£20M
USD -27,208,000
-39% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
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 | £12,783,351 | £15,419,224 | £19,030,543 | +23.4% | |
| Operating profit | -£16,273,394 | -£14,103,159 | -£16,651,445 | -18.1% | |
| Profit before tax | -£20,324,899 | -£14,657,883 | -£20,368,319 | -39% | |
| Net profit | -£20,265,010 | -£14,579,278 | -£17,534,811 | -20.3% | |
| Cash | £494,086 | £4,917,652 | £1,037,580 | -78.9% | |
| Total assets less current liabilities | £6,819,883 | £10,986,675 | -£6,548,136 | -159.6% | |
| Net assets | -£16,863,303 | £10,986,675 | -£6,548,136 | -159.6% | |
| Equity | -£16,863,303 | £10,986,675 | -£6,548,136 | -159.6% | |
| Average employees | 143 | 162 | 162 | 0% | |
| Wages | £10,684,983 | £11,265,159 | £14,526,127 | +28.9% | |
| Directors' remuneration | £1,045,067 | £1,393,173 | £1,486,750 | +6.7% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | -127.3% | -91.5% | -87.5% | |
| Net margin | -158.5% | -94.6% | -92.1% | |
| Return on capital employed | -238.6% | -128.4% | — | |
| Gearing (liabilities / total assets) | 125.6% | 85.1% | 106.3% | |
| Current ratio | 0.78x | 0.86x | 0.78x | |
| Interest cover | -3.54x | -23.94x | -41.11x |
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 1 time since incorporation
- CRC EVANS LIMITED 2026-03-02 → present
- PIPELINE TECHNIQUE LTD. 1998-09-16 → 2026-03-02
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors are confident that the Company will have sufficient funds to continue to meet liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
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%
- 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%
- CRC-Evans Pipeline Machinery, LLC 100%
- CRC Evans Norway AS 100%
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 $56,677,000 resulting in an increase to share premium of $51,547,000. The consideration receivable from the share issue was used to repay interest bearing intercompany loans.”
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 171 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-03-02 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-03 | AA | accounts | Accounts with accounts type full | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- 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.