Geotech Developments Limited

Geotech Developments Ltd from Cranbrook UK: a small, active company founded 22 years ago, employs three people, and holds £784,157 in assets. It’s a family business with a perfect 5.0 Google rating based on one review, and boasts three directors and owners. The company regularly imports machinery, boilers, and mechanical appliances parts, with 18 months of import activity recorded, and exports similar items, with three months of export activity.

The company specializes in shallow geothermal drilling for commercial projects, as highlighted on its website. It’s widely recognized as a leading expert in this field, offering complete drilling services and utilizing cutting-edge technologies. Geotech Developments works with major construction companies like Skanska, Laing O’Rourke, and others, delivering projects on time and within budget. The website also details a 20-year history and boasts of completed projects and meters drilled.

Financially, Geotech Developments shows a mixed picture. Current assets have decreased by 14% to £780,000, while net assets have plummeted 47% to £300,000. Bank borrowings have increased significantly by 150%, reaching £59,000, and cash reserves have fallen 56% to just £400. Creditors have also increased, by 41%, to £820,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the figures are unaudited. The sharp drop in equity is concerning, but it could be a temporary setback. It’s also worth noting that the company’s focus on a niche market—shallow geothermal drilling—may offer some protection against broader economic trends.

Registered in England/Wales under the registration number 04691011, with a registered address at TN17 4LA, Cranbrook, Kent, Waters End Farm, Standen Street Iden Green.

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