IODS PIPE CLAD LIMITED
Company number SC071447 · Monitor this company
Executive summary
IODS Pipe Clad Limited is a chronically insolvent business that has operated with negative net assets for at least five years, reaching a peak deficit of £3.7m in 2023. However, the company is now showing meaningful signs of recovery—profits of £1.9m over the past 20 months have halved the net liability position to £1.8m, and cash reserves have strengthened to £905k. The prognosis is cautiously optimistic, provided the company can sustain profitability, deliver on its secured frame agreement pipeline, and maintain group support. Achieving positive net assets within 3-4 years is a realistic target if current momentum continues.
Shareholders' funds
-£1,825
Balance sheet as at 2024-11-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1980-05-14
- Employees
- 47 (2024 accounts · was 49 in 2024)
- Registered office
- 2 Kelvin Park South, East Kilbride, Glasgow, G75 0RH
- Postcode
- G75 0RH
- Capital
- 25,000 GBP
- Accounts category
- Small
- Charges
- 4 outstanding
Accounts
- Last made up to
- 2024-11-30
- Next due by
- 2026-08-31
- Financial year end
- 30 November
Confirmation statement
- Last statement dated
- 2026-08-03
- Next due by
- 2027-08-17
Nature of business (SIC)
- 32990 Other manufacturing not elsewhere classified
Officers 4 current · 13 resigned
Group structure
Controlled by FTV PROCLAD INTERNATIONAL LIMITED — since 2024-03-15
Controlled by Glenalmond Group Ltd (00085061) — since 2016-04-06
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| INTERNATIONAL OIL FIELD DRILLING SUPPLIES LIMITED | 2007-12-12 |
Previous registered addresses 7
| Address | Changed on |
|---|---|
| 274 WHITEHILL STREET, GLASGOW, G31 3EN | 2009-01-28 |
| 3 LANGLANDS COURT, EAST KILBRIDE, GLASGOW, G75 0YG | 2007-12-10 |
| C/O MAZARS NEVILLE RUSSELL, 90 SAINT VINCENT STREET, GLASGOW G2 5UB | 2002-03-27 |
| C/O MOORES ROWLAND C.A., ALLAN HOUSE, 25 BOTHWELL STREET, GLASGOW G2 6NL | 1999-11-09 |
| JAMES SELLARS HOUSE, 144 WEST GEORGE STREET, GLASGOW, G2 2HG | 1996-03-13 |
| 95 BOTHWELL STREET, GLASGOW, G2 7NA | 1987-09-02 |
| SIMPSON ROAD EAST MAINS, INDUSTRIAL ESTATE BROXBURN | 1986-09-03 |
Among its peers
Among the biggest employers
of 111 similar companies in G, with 47 staff. Among the oldest 25% of its local peers.
Competitors Glasgow
This company ranks 148 among other manufacturing not elsewhere classified in Glasgow.
The class of 1980
49%
of the 8,850 companies incorporated in 1980 are still active today; 41% have since been dissolved.
A fact about the year, not a forecast for this company.