Pipetech Operations Limited
Registered name: PIPETECH OPERATIONS LIMITED
Part of Denholm Energy Services Limited groupPipetech Operations Limited made £2m revenue and £379k profit in the year to 31 Dec 2024.
Pipetech Operations Limited’s revenue fell 7% to £2m in the year to 31 Dec 2024, with £379k profit and 8 employees. The company is classified under “repair of other equipment” and is based in Glasgow; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Glasgow, Scotland
- Age
- 12 yrs · since 2014
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £2.1m | £2m |
| Cost of sales | −£1.4m | −£1.1m |
| Gross profit | £765k | £869k |
| Operating profit | £327k | £461k |
| Profit before tax | £327k | £461k |
| Profit after tax | £309k | £379k |
| Profit (best available) | £309k | £379k |
| Employees (average) | 8 | 8 |
| Ratios | ||
| Profit margin | 14.5% | 19.2% |
| Gross margin | 36% | 44.1% |
| Revenue per employee | £265k | £247k |
| Profit per employee | £38.6k | £47.4k |
| Growth (year on year) | ||
| Revenue growth | — | ▼6.9% |
| Profit growth | — | ▲22.9% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | — | — |
| Source | Accounts · bulk data Apr 2025 | Accounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 19.2%
- Profit ÷ revenue.
- Gross margin
- 44.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £247k
- Revenue ÷ average employees.
- Profit per employee
- £47.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 8
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Denholm Energy Services Limitedultimate parent75–100%
- Denholm Environmental Holdings Limited75–100%
- Pipetech Operations Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Andidrain LimitedFigures not disclosed
- Denholm Environmental LimitedFigures not disclosed
- Denholm Pipetech Holdings LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £379k), from the Companies House accounts bulk data published Apr 2025. Spotted an error? Request a correction.
Updated from Companies House on 12 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.