Cryotanks Limited

Cryotanks Ltd, based in Belfast, UK, is a small, active company established 20 years ago. With just four employees and £555,829 in assets, it operates from a virtual address—a detail flagged by the fact that 143 companies are registered at the same location. The business is led by two directors and a solo founder, and enjoys a perfect 5.0 Google rating from a single review. It’s an irregular importer, primarily dealing with inorganic chemicals, with the last import occurring in June 2024.

Cryotanks Ltd specializes in cryogenic tank rental and liquid deliveries, catering to a range of industries including pharmaceutical, food & drink, and medical sectors. Its website highlights services like tank rentals, liquid supply, installation, maintenance, and bespoke cost analysis. They even offer specialist pipeline installation and gas detection systems. The company’s website also mentions a sister company, Pipeline Solutions NI Ltd, suggesting a broader network of related businesses.

Financially, Cryotanks Ltd shows a mixed picture. While net assets increased by 35% to £1.4 million, cash reserves dropped significantly by 71% to £60,000. Bank borrowings surged by 23% to £480,000, and trade debtors increased by 68% to £470,000. Interestingly, creditors decreased by 34%, which could indicate improved debt management. The company’s small size—meeting two of three criteria for being considered small—helps it remain flexible, but the decline in cash reserves is a point to watch. The company is exempt from an audit, so the financial information is unaudited.

Overall, Cryotanks Ltd appears to be a niche player in the cryogenic equipment rental and supply market, but the recent financial trends suggest a need to carefully manage its cash flow and potentially explore new revenue streams.

Registered in Northern Ireland under the registration number NI052104, with a registered address at BT2 8BG, Northern Ireland, Belfast, Linenhall Exchange, 1st Floor, 26 Linenhall Street.

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