TUBE DEVELOPMENTS LIMITED
Company number SC042597 · Monitor this company
Executive 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.
Shareholders' funds
£30,588,399
Balance sheet as at 2025-09-30
What it does
metal tube processors and wholesalers.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 1965-09-16
- Employees
- 57 (2025 accounts)
- Registered office
- Queenzieburn Industrial Estate, Gavell Road, Kilsyth, Glasgow, Scotland, G65 9BN
- Postcode
- G65 9BN
- Capital
- 8 GBP
- Accounts category
- Medium
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-09-30
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2025-10-22
- Next due by
- 2026-11-05
Nature of business (SIC)
- 32990 Other manufacturing not elsewhere classified
Officers 4 current · 14 resigned
Group structure 1 subsidiary
Controlled by BUHLMANN UK LIMITED — since 2026-07-01
From persons-with-significant-control filings on the public register.
Political donations 1
£10,000 in registered political donations since 2011.
-
Focus on Scotland
Source: the Electoral Commission's register of donations — this company's full record, Open Government Licence v3.0.
Previous company names
| Name | Date changed |
|---|---|
| TUBE DEVELOPMENTS (GLASGOW) LIMITED | 1992-03-11 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| QUEENZIEBURN INDUSTRIAL ESTATE, KILSYTH, GLASGOW | 2015-05-29 |
Among its peers
Top 5%
by shareholders' funds, of 175 similar companies in G
Among the biggest employers among its local peers (57 staff).
Among the oldest 25% of its local peers, trading since 1965.
No.2 of the largest other manufacturing not elsewhere classified companies in Glasgow →
Competitors Glasgow
This company ranks 2 among other manufacturing not elsewhere classified in Glasgow.