Industrial Gas Springs Limited

Industrial Gas Springs Ltd, based in Mitcham, UK, is a small, holding company with an active status, having been established 41 years ago in 1983. The company employs 29 people and holds assets totaling £7,581,683. It operates with three directors and one owner, and maintains a real address with only two other companies registered there. Regular import and export activity is noted, with 54 months of imports and 271 months of exports, primarily involving miscellaneous metal items.

The company’s core business revolves around the manufacture of other fabricated metal products, operating within a niche industrial sector. It appears to be a modest operation, meeting the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is not available for analysis.

Financially, Industrial Gas Springs Ltd presents a mixed picture. Cash bank on hand has decreased by 16% to £550,000, while current assets have increased by 11% to £7.6 million. However, net assets have increased by 14% to £6.5 million. Trade debtors have seen a significant decrease, dropping 36% to £430,000, which could indicate improved collection efforts. Bank borrowings have increased, and creditors have also risen by 49% to £440,000. The company's net losses deepened, and bank borrowings surged by 2,400%, reaching £29,000. The lack of employees (zero reported) hints at a lean, possibly solo operation. The company’s accounts are audited, and the report was prepared by Rickard Luckin Limited. Overall, the company seems to be holding steady, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 01738641, with a registered address at CR4 4HR, England, Mitcham, Surrey, 22 Wates Way.

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