Greco Developments Limited

Greco Developments Ltd from Aberdeen, UK, is a small holding company with an active status, celebrating 37 years since its founding in 1988. Employing nine people, the company holds £1,226,166 in assets and operates from a real address, managed by two directors and one owner. It runs an e-commerce site and regularly imports and exports electrical machinery and equipment – four months of imports and 57 months of exports, with the most recent export occurring in February 2025.

The company’s website showcases its expertise in cable moulding and umbilical servicing, a transformation from its origins as a machining specialist. For over three decades, Greco has served the diving industry, evolving into a comprehensive solution provider. Services include cable moulding, umbilical servicing, and oxygen VOC cleaning, catering to a broad range of inspection, testing, repair, and custom manufacturing needs. Testimonials from clients like Boskalis, Subsea 7, Technip, and LDD highlight Greco’s reliability, quality, and responsive service—a go-to supplier for all things subsea.

Financially, Greco Developments Ltd demonstrates a period of growth, although some areas require closer attention. Current assets have doubled to £1,200,000, while net assets have increased by 42% to £1,000,000. However, creditors have also risen significantly, increasing by 92% to £260,000. Bank borrowings are currently zero, a notable change from previous years. The company’s average number of employees has increased by 22% to eleven. Despite these changes, the company remains small, meeting two of three conditions for classification—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity. Overall, Greco Developments Ltd appears to be a growing business, although the increase in creditors warrants monitoring.

Registered in Scotland under the registration number SC110534, with a registered address at AB11 5EU, Aberdeen, Units 4-14 Commerce Street.

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