GRAYLOC PRODUCTS LTD

1. GRAYLOC PRODUCTS LTD 2000-10-09 → present
2. GRAYLOC PRODUCTS U.K. LIMITED 2000-10-06 → 2000-10-09
3. SHELFCO (NO.1969) LIMITED 2000-08-01 → 2000-10-06

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's business activities, together with the factors likely to affect its future development, its financial position, financial risk management objectives and its exposure to competitive, legislative, financial, liquidity and capital resources are described in the strategic report on pages 1-2. The company has considerable financial resources together with significant backlog, and strong customer an suppler base to support the business. We anticipate continued growth in revenue and operating results based on continued strong demand for company products based on continued high levels of offshore and onshore activity as well as development into non-oil and gas markets. In the event that the company requires assistance to meet its financial obligation, Oceaneering Inc. will provide support to the company. The directors have received a letter of support from Oceaneering International Inc., confirming it will provide financial support to the company if needed until 31 December 2026, in order to allow the company to continue to operate as a going concern. The directors have assessed the ability of Oceaneering International Inc. to provide such support until 31 December 2026, should it be required, and have reviewed the financial position and made suitable enquiries, are satisfied that these financial statements should be prepared on a going concern basis”

Significant events

• “The company will continue to manufacture and supply products worldwide from its strategic base in Aberdeen, Scotland. The company has seen increased backlog against 2024 levels whilst company activity levels have been increasing on 2024 level through Q2 2025 with operational plan expected to be exceeded. The directors are confident the company's reputation and brand will allow them to maintain their market share, with opportunities being sourced for possible future growth. The business is continually researching new geographical markets for its products, new products for supply and new applications. Management are also continuing to review routes of supply, including raw material and manufacturing methods.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +14.7%

  £28,315,000 → £32,464,000

• Cash

  +380.1%

  £769,000 → £3,692,000

• Net assets

  —

  Not reported

• Employees

  +11.4%

  35 → 39

• Operating profit

  -2.8%

  £15,147,000 → £14,726,000

• Profit before tax

  -4%

  £15,620,000 → £14,996,000

• Wages

  +11.3%

  £1,411,000 → £1,570,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers