Core Nuclear Solutions Ltd

Core Nuclear Solutions Ltd is a small, active holding company based in Workington, UK, founded fourteen years ago in 2010. With fifteen employees and £3,873,468 in assets, it operates from a real address at Lillyhall and is overseen by two directors and one owner. The company regularly imports machinery, boilers, and mechanical appliances—parts for 27 months, with the last import in January 2024—but exports irregularly, with just one month of activity recorded back in November 2019.

The company's website highlights its specialization in nuclear remote engineering, offering full lifecycle solutions including design, manufacturing, testing, maintenance, and decommissioning. Services cater to nuclear site maintenance, camera systems, crane services, and even the design and build of specialized equipment. A significant focus is placed on high-radiation environments, with a workforce cleared and qualified for such conditions. The website clearly positions Core Nuclear Solutions as a specialist provider, not a generalist supplier.

Financially, Core Nuclear Solutions Ltd demonstrates a period of growth, but also some concerning trends. Cash reserves have doubled to £2.6 million, a positive sign, while current assets have increased by 53% to £3.9 million. However, net losses have deepened to -£23,000, and bank borrowings have surged by 2,400% to £29,000. Trade debtors have ballooned by 890%, suggesting delayed customer payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The company’s growth in assets and cash is encouraging, but the increased borrowings and trade debtors suggest a need for careful financial management. The company’s focus on a niche market—nuclear remote engineering—is a strength, but its financial health will need close monitoring to ensure its long-term sustainability.

Registered in England/Wales under the registration number 07293592, with a registered address at CA14 4JX, United Kingdom, Workington, Cumbria, Unit 1 Joseph Noble Road, Lillyhall.

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