Greco Brothers Limited
Registered name: GRECO BROTHERS LIMITED
Part of Nic Enterprises Ltd groupGreco Brothers Limited made £259k profit in the year to 30 Sep 2024 (revenue not disclosed).
Greco Brothers Limited reported £259k profit in the year to 30 Sep 2024, down 49% on the year before; its revenue was not disclosed. It had 20 employees. The company is classified under “manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes” and is based in Cleveland; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Cleveland, North East
- Age
- 79 yrs · since 1947
- 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.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 | 30 Sep 2024 |
|---|---|---|---|
| Disclosure | No P&L | Profit only | Profit only |
| Profit & loss | |||
| Revenue (turnover) | — | — | — |
| Profit after tax | — | £506k | £259k |
| Profit (best available) | — | £506k | £259k |
| Employees (average) | 21 | 21 | 20 |
| Ratios | |||
| Profit margin | — | — | — |
| Profit per employee | — | £24.1k | £12.9k |
| Growth (year on year) | |||
| Profit growth | — | — | ▼48.8% |
| Headcount growth | — | 0% | ▼4.8% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £1.6m | £1.7m | £2m |
| Net assets | £2.9m | £3.2m | £3.5m |
| Fixed assets | £1.2m | £1.3m | £1.2m |
| Current assets | £2.2m | £2.4m | £2.6m |
| Debtors | £239k | £316k | £260k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Mar 2025 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £12.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
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
- ▲7%
- Now £3.5m
- Cash at bank
- ▲23%
- Now £2m
- Headcount
- ▼5%
- Now 20
- Deferred income
- —
- Now —
- Fixed assets
- ▼1%
- Now £1.2m
Group structure
Ownership chain
- Nic Enterprises Ltd (registered outside the UK register)ultimate parent75–100%
- Nic Ice Limited75–100%
- Greco Brothers Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Gibbs Croft LimitedMelton Mowbray · Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
- Revenue
- £40.5m
- Profit
- £3m
- Staff
- 160
- Hill Biscuits LimitedAshton-Under-Lyne · Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
- Revenue
- £39.5m
- Profit
- £2.3m
- Staff
- 345
- Regal Food Products Group PLCBradford · Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
- Revenue
- £41.6m
- Profit
- £2.2m
- Staff
- 14
- Shortbread House of Edinburgh LimitedEdinburgh · Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
- Revenue
- £7m
- Profit
- £1.1m
- Staff
- 70
- Artisan Biscuits LimitedChippenham · Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
- Revenue
- £15.2m
- Profit
- £477k
- Staff
- 156
- Farmhouse Biscuits LimitedNelson · Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
- Revenue
- £24.6m
- Profit
- £461k
- Staff
- 231
Sources
Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £259k), from the Companies House accounts bulk data published Mar 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.