ecco safety group (uk) limited

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ecco safety group (uk) limited Company Information

Share ECCO SAFETY GROUP (UK) LIMITED
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Company Number

00406476

Registered Address

unit 1 green park, coal road, leeds, LS14 1FB

Industry

Manufacture of electrical and electronic equipment for motor vehicles

 

Telephone

01132391111

Next Accounts Due

September 2025

Group Structure

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Directors

Robert Willing3 Years

Brian Olsen3 Years

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Shareholders

ecco holdings corp. 100%

ecco safety group (uk) limited Estimated Valuation

£33.4m

Pomanda estimates the enterprise value of ECCO SAFETY GROUP (UK) LIMITED at £33.4m based on a Turnover of £49m and 0.68x industry multiple (adjusted for size and gross margin).

ecco safety group (uk) limited Estimated Valuation

£67.6m

Pomanda estimates the enterprise value of ECCO SAFETY GROUP (UK) LIMITED at £67.6m based on an EBITDA of £9.7m and a 6.95x industry multiple (adjusted for size and gross margin).

ecco safety group (uk) limited Estimated Valuation

£86.6m

Pomanda estimates the enterprise value of ECCO SAFETY GROUP (UK) LIMITED at £86.6m based on Net Assets of £47.8m and 1.81x industry multiple (adjusted for liquidity).

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Ecco Safety Group (uk) Limited Overview

Ecco Safety Group (uk) Limited is a live company located in leeds, LS14 1FB with a Companies House number of 00406476. It operates in the manufacture of electrical and electronic equipment for motor vehicles and their engines sector, SIC Code 29310. Founded in March 1946, it's largest shareholder is ecco holdings corp. with a 100% stake. Ecco Safety Group (uk) Limited is a mature, large sized company, Pomanda has estimated its turnover at £49m with healthy growth in recent years.

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Ecco Safety Group (uk) Limited Health Check

Pomanda's financial health check has awarded Ecco Safety Group (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £49m, make it larger than the average company (£23.4m)

£49m - Ecco Safety Group (uk) Limited

£23.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (2.7%)

12% - Ecco Safety Group (uk) Limited

2.7% - Industry AVG

production

Production

with a gross margin of 28.6%, this company has a lower cost of product (22.4%)

28.6% - Ecco Safety Group (uk) Limited

22.4% - Industry AVG

profitability

Profitability

an operating margin of 15% make it more profitable than the average company (4.3%)

15% - Ecco Safety Group (uk) Limited

4.3% - Industry AVG

employees

Employees

with 130 employees, this is similar to the industry average (123)

130 - Ecco Safety Group (uk) Limited

123 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.3k, the company has an equivalent pay structure (£41.4k)

£43.3k - Ecco Safety Group (uk) Limited

£41.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £376.7k, this is more efficient (£206.8k)

£376.7k - Ecco Safety Group (uk) Limited

£206.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is near the average (43 days)

48 days - Ecco Safety Group (uk) Limited

43 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (39 days)

20 days - Ecco Safety Group (uk) Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 112 days, this is more than average (78 days)

112 days - Ecco Safety Group (uk) Limited

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is average cash available to meet short term requirements (10 weeks)

10 weeks - Ecco Safety Group (uk) Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 17.8%, this is a lower level of debt than the average (48.6%)

17.8% - Ecco Safety Group (uk) Limited

48.6% - Industry AVG

ECCO SAFETY GROUP (UK) LIMITED financials

EXPORTms excel logo

Ecco Safety Group (Uk) Limited's latest turnover from December 2023 is £49 million and the company has net assets of £47.8 million. According to their latest financial statements, Ecco Safety Group (Uk) Limited has 130 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jun 2010
Turnover48,965,60048,649,13543,789,98234,532,21144,859,81253,341,89344,680,11124,739,91826,503,37730,133,53030,565,48228,925,11427,249,76710,485,93718,732,687
Other Income Or Grants000000000000000
Cost Of Sales34,954,18238,757,38636,038,98128,313,45935,203,82943,285,72035,169,34320,243,95621,862,18823,897,87623,845,42521,759,96919,968,4797,393,34713,325,414
Gross Profit14,011,4189,891,7497,751,0016,218,7529,655,98310,056,1739,510,7684,495,9624,641,1896,235,6546,720,0577,165,1457,281,2883,092,5905,407,273
Admin Expenses6,673,2596,704,4475,081,8846,114,5128,800,0546,178,5308,919,9803,230,1842,488,1087,202,6294,790,5886,541,3436,040,9802,343,6554,583,752
Operating Profit7,338,1593,187,3022,669,117104,240855,9293,877,643590,7881,265,7782,153,081-966,9751,929,469623,8021,240,308748,935823,521
Interest Payable7,67310,28910,29110,71725,35154,385253,197443,319428,027429,091502,295403,602160,93200
Interest Receivable5791201,11102535390012,15411,150050,16278,924127,298
Pre-Tax Profit7,330,5433,177,9252,658,82694,634830,5783,823,511338,130822,4591,725,054-1,383,9121,438,324220,2001,129,538827,859950,819
Tax-1,760,170-1,775,717-521,188-819-267,527-822,811-158,699-178,831-424,600399,069-264,0282,468,844-327,432-355,777-296,699
Profit After Tax5,570,3731,402,2082,137,63893,815563,0513,000,700179,431643,6281,300,454-984,8431,174,2962,689,044802,106472,082654,120
Dividends Paid00014,046,1812,569,81301,336,1890002,500,000011,100,00000
Retained Profit5,570,3731,402,2082,137,638-13,952,366-2,006,7623,000,700-1,156,758643,6281,300,454-984,843-1,325,7042,689,044-10,297,894472,082654,120
Employee Costs5,625,2725,776,7086,393,1517,514,8329,239,5809,713,33610,136,8024,614,9095,188,9113,755,4454,190,4184,457,7684,089,5581,873,8583,799,394
Number Of Employees130141161188244263244165151153150156156156155
EBITDA*9,737,9125,595,3482,976,132419,0881,209,5974,583,0101,295,7441,549,1802,450,175-669,4192,245,3411,121,7941,658,041926,2171,184,833

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jun 2010
Tangible Assets1,973,3402,210,0682,473,5642,661,9393,124,2403,644,2973,931,8041,307,9171,528,9241,752,0511,847,5531,911,3062,310,3622,295,3692,317,573
Intangible Assets16,663,91518,768,42920,869,764000325,31400000000
Investments & Other000000000000000
Debtors (Due After 1 year)131,040262,110393,179524,241655,303786,367917,430944,8851,179,554000000
Total Fixed Assets18,768,29521,240,60723,736,5073,186,1803,779,5434,430,6645,174,5482,252,8022,708,4781,752,0511,847,5531,911,3062,310,3622,295,3692,317,573
Stock & work in progress10,766,76514,348,61414,847,1729,179,75911,051,90911,903,73511,997,9584,841,1494,490,5254,327,5535,209,3605,596,0914,476,4993,904,1313,800,205
Trade Debtors6,446,8557,025,0967,798,9564,990,5616,781,7789,955,35710,049,1374,693,4194,468,6725,382,8814,729,8963,809,4364,765,3344,103,3334,202,604
Group Debtors19,411,0407,348,0503,688,137617,839124,842675,260541,251164,370116,913166,507884,813363,879189,9082,745,9595,953,319
Misc Debtors759,263588,493986,064863,857601,752795,4371,114,625552,898760,865386,648797,585498,488912,740655,165530,458
Cash2,054,1701,878,6892,325,2261,463,10811,621,5029,067,3865,437,8892,676,406726,2121,592,8242,454,3472,669,7932,236,9093,230,2761,078,812
misc current assets000000000000000
total current assets39,438,09331,188,94229,645,55517,115,12430,181,78332,397,17529,140,86012,928,24210,563,18711,856,41314,076,00112,937,68712,581,39014,638,86415,565,398
total assets58,206,38852,429,54953,382,06220,301,30433,961,32636,827,83934,315,40815,181,04413,271,66513,608,46415,923,55414,848,99314,891,75216,934,23317,882,971
Bank overdraft0000000013,129388,973566,488318,775015,1950
Bank loan000000000000000
Trade Creditors 1,990,1712,682,1003,749,1611,995,6642,717,2632,431,2044,154,7551,107,3031,476,7832,861,6122,743,9922,323,9752,644,2652,461,8213,061,454
Group/Directors Accounts4,283,1993,942,8625,595,6272,452,6951,570,4501,856,9521,164,3299,485,3338,846,2198,910,9859,627,8988,115,9158,235,062411,8681,417,985
other short term finances0000015,350337,48900000000
hp & lease commitments000000000000000
other current liabilities4,087,4863,529,4283,164,3232,970,6322,838,9343,698,2423,155,5831,959,651829,488762,2191,315,6581,095,1063,706,2473,441,2773,271,542
total current liabilities10,360,85610,154,39012,509,1117,418,9917,126,6478,001,7488,812,15612,552,28711,165,61912,923,78914,254,03611,853,77114,585,5746,330,1617,750,981
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000000000
total liabilities10,360,85610,154,39012,509,1117,418,9917,126,6478,001,7488,812,15612,552,28711,165,61912,923,78914,254,03611,853,77114,585,5746,330,1617,750,981
net assets47,845,53242,275,15940,872,95112,882,31326,834,67928,826,09125,503,2522,628,7572,106,046684,6751,669,5182,995,222306,17810,604,07210,131,990
total shareholders funds47,845,53242,275,15940,872,95112,882,31326,834,67928,826,09125,503,2522,628,7572,106,046684,6751,669,5182,995,222306,17810,604,07210,131,990
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Jun 2010
Operating Activities
Operating Profit7,338,1593,187,3022,669,117104,240855,9293,877,643590,7881,265,7782,153,081-966,9751,929,469623,8021,240,308748,935823,521
Depreciation295,239306,711307,015314,848353,668380,052380,955283,402297,094297,556315,872497,992417,733177,282361,312
Amortisation2,104,5142,101,335000325,315324,00100000000
Tax-1,760,170-1,775,717-521,188-819-267,527-822,811-158,699-178,831-424,600399,069-264,0282,468,844-327,432-355,777-296,699
Stock-3,581,849-498,5585,667,413-1,872,150-851,826-94,2237,156,809350,624162,972-881,807-386,7311,119,592572,3683,904,1313,800,205
Debtors11,524,4492,357,4135,869,838-1,167,177-4,048,746-410,0226,266,871-170,432589,968-476,2581,740,491-1,196,179-1,636,4757,504,45710,686,381
Creditors-691,929-1,067,0611,753,497-721,599286,059-1,723,5513,047,452-369,480-1,384,829117,620420,017-320,290182,4442,461,8213,061,454
Accruals and Deferred Income558,058365,105193,691131,698-859,308542,6591,195,9321,130,16367,269-553,439220,552-2,611,141264,9703,441,2773,271,542
Deferred Taxes & Provisions000000000000000
Cash flow from operations-98,7291,258,820-7,135,1192,867,6955,269,3933,083,552-8,043,2511,950,840-44,925651,8961,268,122735,7942,842,130-4,935,050-7,265,456
Investing Activities
capital expenditure00000-92,545-3,641,525-62,395-76,981-202,054-252,119-98,936-432,726-2,472,651-2,678,885
Change in Investments000000000000000
cash flow from investments00000-92,545-3,641,525-62,395-76,981-202,054-252,119-98,936-432,726-2,472,651-2,678,885
Financing Activities
Bank loans000000000000000
Group/Directors Accounts340,337-1,652,7653,142,932882,245-286,502692,623-8,321,004639,114-64,766-716,9131,511,983-119,1477,823,194411,8681,417,985
Other Short Term Loans 0000-15,350-322,139337,48900000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0025,853,000015,350322,13924,031,253-120,917120,917000010,131,9909,477,870
interest-7,616-9,377-10,291-9,606-25,351-54,132-252,658-443,319-428,027-416,937-491,145-403,602-110,77078,924127,298
cash flow from financing332,721-1,662,14228,985,641872,639-311,853638,49115,795,08074,878-371,876-1,133,8501,020,838-522,7497,712,42410,622,78211,023,153
cash and cash equivalents
cash175,481-446,537862,118-10,158,3942,554,1163,629,4972,761,4831,950,194-866,612-861,523-215,446432,884-993,3673,230,2761,078,812
overdraft0000000-13,129-375,844-177,515247,713318,775-15,19515,1950
change in cash175,481-446,537862,118-10,158,3942,554,1163,629,4972,761,4831,963,323-490,768-684,008-463,159114,109-978,1723,215,0811,078,812

ecco safety group (uk) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ecco Safety Group (uk) Limited Competitor Analysis

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Perform a competitor analysis for ecco safety group (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LS14 area or any other competitors across 12 key performance metrics.

ecco safety group (uk) limited Ownership

ECCO SAFETY GROUP (UK) LIMITED group structure

Ecco Safety Group (Uk) Limited has no subsidiary companies.

Ultimate parent company

ECCO HOLDINGS CORPORATION

#0035104

1 parent

ECCO SAFETY GROUP (UK) LIMITED

00406476

ECCO SAFETY GROUP (UK) LIMITED Shareholders

ecco holdings corp. 100%

ecco safety group (uk) limited directors

Ecco Safety Group (Uk) Limited currently has 5 directors. The longest serving directors include Mr Robert Willing (Mar 2021) and Mr Brian Olsen (Mar 2021).

officercountryagestartendrole
Mr Robert Willing56 years Mar 2021- Director
Mr Brian OlsenUnited Kingdom55 years Mar 2021- Director
Mr Brian KupchellaUnited Kingdom57 years Mar 2021- Director
Mr Simon BarclayUnited Kingdom44 years May 2023- Director
Mr Steven PowellUnited Kingdom47 years May 2024- Director

P&L

December 2023

turnover

49m

+1%

operating profit

7.3m

+130%

gross margin

28.7%

+40.73%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

47.8m

+0.13%

total assets

58.2m

+0.11%

cash

2.1m

+0.09%

net assets

Total assets minus all liabilities

ecco safety group (uk) limited company details

company number

00406476

Type

Private limited with Share Capital

industry

29310 - Manufacture of electrical and electronic equipment for motor vehicles

incorporation date

March 1946

age

78

incorporated

UK

ultimate parent company

ECCO HOLDINGS CORPORATION

accounts

Group

last accounts submitted

December 2023

previous names

britax pmg limited (April 2017)

britax (p.m.g.) limited (July 1997)

accountant

-

auditor

AZETS AUDIT SERVICES LIMITED

address

unit 1 green park, coal road, leeds, LS14 1FB

Bank

BARCLAYS BANK PLC

Legal Advisor

-

ecco safety group (uk) limited Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 7 charges/mortgages relating to ecco safety group (uk) limited. Currently there are 3 open charges and 4 have been satisfied in the past.

charges

ecco safety group (uk) limited Companies House Filings - See Documents

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