Wessington Cryogenics Limited
01790882
Healthy
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/02/2022
COMPANY DIRECTOR
BRITISH · SCOTLAND · Age 41
Also on 10 other boards
director · Since 01/02/2022
COMPANY DIRECTOR
BRITISH · SCOTLAND · Age 61
Also on 19 other boards
Persons with Significant Control
Wessington Topco Limited
5a, Laburnum Grove, Sunderland, SR6 7RJ
Reg: 13841554 · Companies House, England And Wales · Private Limited Company
Notified 01/02/2022
Former PSCs
Mr Paul Rowe
Ceased 01/02/2022
Mrs Gillian Courtney
Ceased 01/02/2022
Ms Angela Flounders
Ceased 01/02/2022
Charges1 outstanding
RCI TRADINGCO 1 LIMITED (AS SECURITY TRUSTEE)
LLOYDS TSB BANK PLC
LLOYDS TSB COMMERCIAL FINANCE LIMITED
THE ROYAL BANK OF SCOTLAND PLC
MIDLAND BANK PLC
FORWARD TRUST LIMITED
MIDLAND BANK PLC
THE COUNCIL OF THE BOROUGH OF SUNDERLAND.
MIDLAND BANK PLC
CompanyRankvs 57+ SIC 25290 peers49
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£4.2M
Balance sheet strength
Cash
£348k
Cash in the bank
Profit Before Tax
£320k
Bottom line earnings
Net Current Assets
£1.8M
Working capital
Current Assets
£7.4M
Current Liabilities
£5.6M
Fixed Assets
£2.6M
Debtors
£2.4M
Admin Expenses
£4.8M
Profit After Tax
£275k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.32 | +£2.3M |
| 2023 | 0.99 | +£989k |
| 2022 | 0.85 | — |
Derived from filed accounts. Not audited figures.