Wessington Cryogenics Limited

Wessington Cryogenics Ltd, based in Houghton Le Spring, UK, is a sizable company with a 41-year history, currently employing 105 people. Holding £6,687,353 in assets, the business operates as a holding company and maintains an active status. With three directors and one owner, it’s a well-established entity, evidenced by its real address and a respectable 3.0 Google rating from 16 reviews. The company regularly imports optical and medical tools and devices (77 months) and exports iron or steel products (135 months).

The company's website reveals a focus on cryogenic storage vessels and systems, catering to diverse industries like oil and gas, scientific research, and green energy. Wessington offers a wide range of products, including bulk storage tanks, ISO containers, and net-zero solutions for storing liquid carbon dioxide and hydrogen. Beyond manufacturing, the company provides repair, refurbishment, and rental services, and even offers custom designs and expansion of standard product ranges.

Financially, Wessington Cryogenics Ltd demonstrates mixed trends. While bank borrowings decreased by 36%, cash reserves increased by a substantial 92%. However, deferred income dropped by 52%, and net assets plummeted 73% to £900,000. Staff costs decreased by 14%, and net loss increased by 270%. Trade debtors ballooned by 890%, suggesting delayed customer payments. Despite these challenges, the company’s assets remain significant, and its focus on specialized cryogenic solutions suggests a strong market position. The company was audited by Consilium Audit Limited, and the accounts are unaudited.

Registered in England/Wales under the registration number 01790882, with a registered address at DH4 5NL, Houghton Le Spring, Tyne And Wear, 2 Gadwall Road, Rainton Bridge South.

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