How much does Wessington Cryogenics Limited make?

Wessington Cryogenics Limited reported revenue of £20.1m and £275k profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does Wessington Cryogenics Limited have?

Wessington Cryogenics Limited reported an average of 142 employees in the year to 31 Dec 2024.

Is Wessington Cryogenics Limited profitable?

Yes — Wessington Cryogenics Limited reported a profit of £275k in the year to 31 Dec 2024.

Company No. 01790882 · Incorporated 10 Feb 1984

Wessington Cryogenics Limited

Registered name: WESSINGTON CRYOGENICS LIMITED

Part of Rci Trading Group Limited group

Wessington Cryogenics Limited made £20.1m revenue and £275k profit in the year to 31 Dec 2024. read from filing text

Wessington Cryogenics Limited’s revenue grew 20% to £20.1m in the year to 31 Dec 2024, with £275k profit and 142 employees. The company is classified under “manufacture of other tanks, reservoirs and containers of metal” and is based in Houghton Le Spring; we hold 3 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 25290Manufacture of other tanks, reservoirs and containers of metal

Status: Active
Location: Houghton Le Spring, North East
Age: 42 yrs · since 1984
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The immediate parent company is Wessington Topco”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£20.1m

Growth ▲20.1%

Profit

£275k

Growth ▼72.2%

Profit margin

1.4%

Gross 32.3%

Employees

142

Change ▲9.2%

Profit / employee

£1.9k

Revenue/employee £142k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£17.4m	£16.7m	£20.1m
Cost of sales	£13m	£11.9m	£13.6m
Gross profit	£4.4m	£4.8m	£6.5m
Operating profit	−£790k	£653k	£476k
Profit before tax	−£829k	£629k	£320k
Profit after tax	−£583k	£989k	£275k
Profit (best available)	−£583k	£989k	£275k
Staff costs	£5.9m	£5.2m	£6.5m
Employees (average)	105	130	142
Ratios
Profit margin	−3.4%	5.9%	1.4%
Gross margin	25.2%	28.9%	32.3%
Revenue per employee	£165k	£129k	£142k
Profit per employee	−£5.6k	£7.6k	£1.9k
Growth (year on year)
Revenue growth	—	—	▲20.1%
Profit growth	—	—	▼72.2%
Headcount growth	—	—	▲9.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£23.2k	£44.5k	£348k
Net assets	£939k	£1.9m	£4.2m
Fixed assets	£1.9m	£2.2m	£2.6m
Current assets	£3.2m	£6.7m	£7.4m
Debtors	£804k	£1.9m	£1.6m
Deferred income	£128k	£127k	£93.7k
Source	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2024	FullAccounts · bulk data Nov 2025

Derived from the latest filing

How the business works

Profit margin: 1.4%; Profit ÷ revenue.
Gross margin: 32.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £142k; Revenue ÷ average employees.
Profit per employee: £1.9k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 12.7%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.5%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.9%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲118%; Now £4.2m
Cash at bank: ▲683%; Now £348k
Headcount: ▲9%; Now 142
Deferred income: ▼26%; Now £93.7k
Fixed assets: ▲15%; Now £2.6m

Corporate ownership

Group structure

Ownership chain

Rci Trading Group Limitedultimate parent75–100%
Rci Tradingco 1 Limited25–50%
Wessington Topco Limited75–100%
Wessington Cryogenics Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Cryo Rentals LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £275k), from the Companies House accounts bulk data published Nov 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.