PIPELINE CLEANING SOLUTIONS LIMITED
Company number SC332218 · Monitor this company
The annual accounts for this company are overdue.
The confirmation statement for this company is overdue.
Executive summary
Pipeline Cleaning Solutions Limited is technically insolvent with a £313k shareholders' deficit and zero cash reserves, relying entirely on director support to continue as a going concern. However, a post-balance sheet legal settlement of £380,840 provides a critical, transformative liquidity injection that will significantly improve the balance sheet in the subsequent period. Despite this positive development, the company's operational sustainability remains constrained by overdue statutory filings, high tax liabilities, and a heavy reliance on creditor forbearance.
Shareholders' funds
-£206,488
Balance sheet as at 2023-10-31
What it does
The principal activity of the Company during the financial year was to develop and supply technology for cleaning and maintaining offshore pipelines.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2007-10-10
- Employees
- 2 (2024 accounts)
- Registered office
- 46 St. Swithin Street, Aberdeen, Scotland, AB10 6XJ
- Postcode
- AB10 6XJ
- Capital
- 1,301 GBP
- Accounts category
- Total Exemption Full
Accounts
- Last made up to
- 2024-10-31
- Next due by
- 2026-07-31 Overdue
- Financial year end
- 31 October
Confirmation statement
- Last statement dated
- 2023-12-13
- Next due by
- 2024-12-27 Overdue
Nature of business (SIC)
- 82990 Other business support service activities not elsewhere classified
Officers 3 current · 6 resigned
Contact details
Previous company names
| Name | Date changed |
|---|---|
| MOUNTWEST 784 LIMITED | 2007-11-23 |
Previous registered addresses 2
| Address | Changed on |
|---|---|
| 1A CLUNY SQUARE, BUCKIE, MORAY, AB56 1AH | 2020-08-07 |
| 34 ALBYN PLACE, ABERDEEN, ABERDEENSHIRE, AB10 1FW | 2011-06-29 |
Competitors Aberdeen
This company ranks 1298 among other business support service activities not elsewhere classified in Aberdeen.
The class of 2007
17%
of the 28,892 companies in this sector incorporated in 2007 are still active today; 81% have since been dissolved.
A fact about the year, not a forecast for this company.