Igc Engineering Limited

Igc Engineering Ltd, based in Chorley, UK, is a small, active company founded 22 years ago. With four employees and £2,239,122 in assets, it operates from a virtual address, a detail that raises some questions about its physical presence. The company is led by two directors, with one individual acting as both owner and solo founder. It boasts a stellar 5.0 Google rating based on a single review. Igc Engineering is a regular importer, specializing in machinery, boilers, and mechanical appliances, with 10 months of import activity recorded.

The company’s website highlights its focus on industrial gas and pressure vessel solutions. It’s a leading supplier of CO2 storage tanks and carbon dioxide pressure vessels, serving a wide range of sectors including brewing, welding, food production, and soft drink carbonation. The site details services like CO2 tank installations, reconditioned pressure vessels, and even cryogenic cleaning—a niche offering. It’s clear that Igc Engineering isn’t just selling tanks; it’s providing comprehensive gas management solutions.

Financially, the picture is mixed. While cash bank on hand increased significantly by 39%, from £1,600,000 to £2,200,000, other key metrics show some strain. Creditors increased substantially, by 120%, reaching £230,000, and other taxation and social security payable rose dramatically, by 180%, to £180,000. The number of average employees during the period decreased by 25%, down to three. Although the company meets the criteria to be considered small, with turnover under £10.2m and assets under £5.1m, the rise in liabilities suggests it may be burning through cash more quickly than anticipated. The lack of an auditor mentioned (likely exempt as a small company) means the financial statements are unaudited.

Despite these challenges, Igc Engineering’s strong online presence and specialized services indicate a company with potential. Its focus on niche industrial solutions, combined with its independent supplier status, could help it weather any financial headwinds.

Registered in England/Wales under the registration number 04580729, with a registered address at PR7 6TB, England, Chorley, Lancashire, Vantage House Euxton Lane, Euxton.

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