{"name":"TUBE DEVELOPMENTS LIMITED","company_number":"SC042597","status":"Active","type":"Private Limited Company","incorporated":"1965-09-16","dissolved":null,"registered_office":"Queenzieburn Industrial Estate, Gavell Road, Kilsyth, Glasgow, Scotland, G65 9BN","postcode":"G65 9BN","sic_codes":[{"code":32990,"description":"Other manufacturing not elsewhere classified"}],"principal_activity":"metal tube processors and wholesalers.","previous_names":[{"name":"TUBE DEVELOPMENTS (GLASGOW) LIMITED","changed_on":"1992-03-11"}],"warnings":[],"accounts":{"category":"Medium","year_end":"31 December","last_made_up_to":"2025-09-30","next_due":"2027-09-30"},"employees":{"count":57,"accounts_date":"2025-09-30"},"financials":[{"financial_date":"2025-09-30","turnover":21152920,"profit_loss":1028797,"cash":14331317,"average_employees":57},{"financial_date":"2024-09-30","turnover":24967183,"profit_loss":1886438,"cash":14123849,"average_employees":57}],"officers":{"current":4,"resigned":14,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Tube Developments Limited presents a fundamentally strong credit proposition with net assets of £30.6M, cash reserves of £14.3M covering total liabilities nearly three times over, and nearly 60 years of trading history. However, a 15.3% revenue decline and a recent change of control—evidenced by five director resignations and the appointment of German nationals under Buhlmann UK Limited's ownership—introduce material uncertainty. The conditional rating reflects the need to clarify the new ownership's strategic intentions, confirm the revenue decline is not structural, and understand any inter-company obligations that may arise from the Buhlmann group structure before extending significant credit facilities.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/tube-developments","people":"https://www.companiesintheuk.co.uk/company/tube-developments/people","filing_history":"https://www.companiesintheuk.co.uk/company/tube-developments/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC042597","financials":"https://www.companiesintheuk.co.uk/company/tube-developments/financial","control":"https://www.companiesintheuk.co.uk/company/tube-developments/control","charges":"https://www.companiesintheuk.co.uk/company/tube-developments/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/tube-developments/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/tube-developments"}