Cesscon Decom Ltd

CessCon Decom Ltd from Livingston, UK, is a small holding company with an active status, founded seven years ago in 01/30/2018. Employing 27 people, the company holds £2,698,656 in assets and operates from a real address with two directors and one owner. Its Google rating stands at 5.0 based on a single review. The company is an irregular importer of optical and medical tools and devices, with just one month of imports recorded.

The company’s website reveals a focus on decommissioning solutions, particularly within the energy sector. CessCon Decom positions itself as offering a comprehensive and innovative model for decommissioning assets, emphasizing cost-effectiveness, environmental responsibility, and zero emissions. Services include initial surveys, offshore asset removal, onshore dismantling and recycling, and bespoke engineering solutions. The site highlights the company’s ability to help global partners achieve cost reductions of up to 35% and support clients in reaching net-zero targets. A dedicated team section showcases key personnel, including CEO Lee Hanlon and Director Frank Braten.

Financial data indicates a mixed picture. While current assets increased significantly to £2.7 million, net assets declined to -£4.1 million. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, CessCon Decom Ltd is facing financial pressures despite its strong reputation and focus on a growing market. The company’s ability to maintain its growth trajectory and navigate these challenges will depend on its ability to secure new contracts and manage its expenses effectively.

Registered in Scotland under the registration number SC587199, with a registered address at G2 7JS, Glasgow, 120 Bothwell Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.