Vessco Engineering Limited

Vessco Engineering Ltd from Abingdon UK: a small holding company with an active status, was founded 13 years ago and currently employs 44 people. The company holds assets worth £5,565,629 and operates from a real address. With four directors and one owner, it boasts a respectable Google rating of 4.0 based on 14 reviews. Vessco Engineering regularly imports iron or steel products, having done so for 18 months, with the most recent import in January 01, 2025. They also occasionally export iron or steel products, with two months of export activity, the last one in March 01, 2023.

The company’s website reveals that Vessco Engineering is a pressure vessel manufacturer based in South Wales, part of the larger LTi Group. They specialize in precision welding, fabrication, and design, catering to a wide range of industries including nuclear, water treatment, and oil & gas. The website highlights their expertise in creating columns, pressure vessels, heat exchangers, and other specialized equipment, offering bespoke solutions for low-volume projects and leveraging robotics for higher-volume production. They even have a showroom in Harrods, London.

Financially, Vessco Engineering shows a mixed picture. Current assets have increased by a substantial 76% to £5.6 million, while net assets have soared by 370% to £1.4 million. However, bank borrowings have risen significantly, and cash reserves have plummeted by 91% to just £41,000. Creditors have also increased, suggesting potential cash flow pressures. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the sharp decline in cash reserves warrants attention. The company’s auditor, Shaw Gibbs (Audit) Limited, has issued an unqualified opinion, but the unaudited figures still rely on internal reporting.

Overall, Vessco Engineering appears to be a thriving business with a strong reputation, but the financial data suggests it’s navigating some challenges. The company's reliance on the larger LTi Group and its focus on specialized fabrication could be key to its long-term success.

Registered in England/Wales under the registration number 08011752, with a registered address at OX14 4SD, England, Abingdon, 163 Brook Drive, Milton Park.

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