ecco safety group (uk) limited Company Information
Company Number
00406476
Website
www.eccosafetygroup.comRegistered 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
View All
Shareholders
ecco holdings corp. 100%
ecco safety group (uk) limited Estimated Valuation
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
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
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
6 Strong
4 Regular
2 Weak
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
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
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
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
with 130 employees, this is similar to the industry average (123)
130 - Ecco Safety Group (uk) Limited
123 - Industry AVG
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
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
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
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
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
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
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
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 House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 48,965,600 | 48,649,135 | 43,789,982 | 34,532,211 | 44,859,812 | 53,341,893 | 44,680,111 | 24,739,918 | 26,503,377 | 30,133,530 | 30,565,482 | 28,925,114 | 27,249,767 | 10,485,937 | 18,732,687 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
Cost Of Sales | 34,954,182 | 38,757,386 | 36,038,981 | 28,313,459 | 35,203,829 | 21,759,969 | 19,968,479 | 7,393,347 | 13,325,414 | ||||||
Gross Profit | 14,011,418 | 9,891,749 | 7,751,001 | 6,218,752 | 9,655,983 | 7,165,145 | 7,281,288 | 3,092,590 | 5,407,273 | ||||||
Admin Expenses | 6,673,259 | 6,704,447 | 5,081,884 | 6,114,512 | 8,800,054 | 6,541,343 | 6,040,980 | 2,343,655 | 4,583,752 | ||||||
Operating Profit | 7,338,159 | 3,187,302 | 2,669,117 | 104,240 | 855,929 | 3,877,643 | 590,788 | 1,265,778 | 2,153,081 | -966,975 | 1,929,469 | 623,802 | 1,240,308 | 748,935 | 823,521 |
Interest Payable | 7,673 | 10,289 | 10,291 | 10,717 | 25,351 | 54,385 | 253,197 | 443,319 | 428,027 | 429,091 | 502,295 | 403,602 | 160,932 | 0 | 0 |
Interest Receivable | 57 | 912 | 0 | 1,111 | 0 | 253 | 539 | 0 | 0 | 12,154 | 11,150 | 0 | 50,162 | 78,924 | 127,298 |
Pre-Tax Profit | 7,330,543 | 3,177,925 | 2,658,826 | 94,634 | 830,578 | 3,823,511 | 338,130 | 822,459 | 1,725,054 | -1,383,912 | 1,438,324 | 220,200 | 1,129,538 | 827,859 | 950,819 |
Tax | -1,760,170 | -1,775,717 | -521,188 | -819 | -267,527 | -822,811 | -158,699 | -178,831 | -424,600 | 399,069 | -264,028 | 2,468,844 | -327,432 | -355,777 | -296,699 |
Profit After Tax | 5,570,373 | 1,402,208 | 2,137,638 | 93,815 | 563,051 | 3,000,700 | 179,431 | 643,628 | 1,300,454 | -984,843 | 1,174,296 | 2,689,044 | 802,106 | 472,082 | 654,120 |
Dividends Paid | 0 | 0 | 0 | 14,046,181 | 2,569,813 | 0 | 1,336,189 | 0 | 0 | 0 | 2,500,000 | 0 | 11,100,000 | 0 | 0 |
Retained Profit | 5,570,373 | 1,402,208 | 2,137,638 | -13,952,366 | -2,006,762 | 3,000,700 | -1,156,758 | 643,628 | 1,300,454 | -984,843 | -1,325,704 | 2,689,044 | -10,297,894 | 472,082 | 654,120 |
Employee Costs | 5,625,272 | 5,776,708 | 6,393,151 | 7,514,832 | 9,239,580 | 9,713,336 | 10,136,802 | 4,614,909 | 5,188,911 | 3,755,445 | 4,190,418 | 4,457,768 | 4,089,558 | 1,873,858 | 3,799,394 |
Number Of Employees | 130 | 141 | 161 | 188 | 244 | 263 | 244 | 165 | 151 | 153 | 150 | 156 | 156 | 156 | 155 |
EBITDA* | 9,737,912 | 5,595,348 | 2,976,132 | 419,088 | 1,209,597 | 4,583,010 | 1,295,744 | 1,549,180 | 2,450,175 | -669,419 | 2,245,341 | 1,121,794 | 1,658,041 | 926,217 | 1,184,833 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,973,340 | 2,210,068 | 2,473,564 | 2,661,939 | 3,124,240 | 3,644,297 | 3,931,804 | 1,307,917 | 1,528,924 | 1,752,051 | 1,847,553 | 1,911,306 | 2,310,362 | 2,295,369 | 2,317,573 |
Intangible Assets | 16,663,915 | 18,768,429 | 20,869,764 | 0 | 0 | 0 | 325,314 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 131,040 | 262,110 | 393,179 | 524,241 | 655,303 | 786,367 | 917,430 | 944,885 | 1,179,554 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 18,768,295 | 21,240,607 | 23,736,507 | 3,186,180 | 3,779,543 | 4,430,664 | 5,174,548 | 2,252,802 | 2,708,478 | 1,752,051 | 1,847,553 | 1,911,306 | 2,310,362 | 2,295,369 | 2,317,573 |
Stock & work in progress | 10,766,765 | 14,348,614 | 14,847,172 | 9,179,759 | 11,051,909 | 11,903,735 | 11,997,958 | 4,841,149 | 4,490,525 | 4,327,553 | 5,209,360 | 5,596,091 | 4,476,499 | 3,904,131 | 3,800,205 |
Trade Debtors | 6,446,855 | 7,025,096 | 7,798,956 | 4,990,561 | 6,781,778 | 9,955,357 | 10,049,137 | 4,693,419 | 4,468,672 | 5,382,881 | 4,729,896 | 3,809,436 | 4,765,334 | 4,103,333 | 4,202,604 |
Group Debtors | 19,411,040 | 7,348,050 | 3,688,137 | 617,839 | 124,842 | 675,260 | 541,251 | 164,370 | 116,913 | 166,507 | 884,813 | 363,879 | 189,908 | 2,745,959 | 5,953,319 |
Misc Debtors | 759,263 | 588,493 | 986,064 | 863,857 | 601,752 | 795,437 | 1,114,625 | 552,898 | 760,865 | 386,648 | 797,585 | 498,488 | 912,740 | 655,165 | 530,458 |
Cash | 2,054,170 | 1,878,689 | 2,325,226 | 1,463,108 | 11,621,502 | 9,067,386 | 5,437,889 | 2,676,406 | 726,212 | 1,592,824 | 2,454,347 | 2,669,793 | 2,236,909 | 3,230,276 | 1,078,812 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 39,438,093 | 31,188,942 | 29,645,555 | 17,115,124 | 30,181,783 | 32,397,175 | 29,140,860 | 12,928,242 | 10,563,187 | 11,856,413 | 14,076,001 | 12,937,687 | 12,581,390 | 14,638,864 | 15,565,398 |
total assets | 58,206,388 | 52,429,549 | 53,382,062 | 20,301,304 | 33,961,326 | 36,827,839 | 34,315,408 | 15,181,044 | 13,271,665 | 13,608,464 | 15,923,554 | 14,848,993 | 14,891,752 | 16,934,233 | 17,882,971 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,129 | 388,973 | 566,488 | 318,775 | 0 | 15,195 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,990,171 | 2,682,100 | 3,749,161 | 1,995,664 | 2,717,263 | 2,431,204 | 4,154,755 | 1,107,303 | 1,476,783 | 2,861,612 | 2,743,992 | 2,323,975 | 2,644,265 | 2,461,821 | 3,061,454 |
Group/Directors Accounts | 4,283,199 | 3,942,862 | 5,595,627 | 2,452,695 | 1,570,450 | 1,856,952 | 1,164,329 | 9,485,333 | 8,846,219 | 8,910,985 | 9,627,898 | 8,115,915 | 8,235,062 | 411,868 | 1,417,985 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 15,350 | 337,489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 4,087,486 | 3,529,428 | 3,164,323 | 2,970,632 | 2,838,934 | 3,698,242 | 3,155,583 | 1,959,651 | 829,488 | 762,219 | 1,315,658 | 1,095,106 | 3,706,247 | 3,441,277 | 3,271,542 |
total current liabilities | 10,360,856 | 10,154,390 | 12,509,111 | 7,418,991 | 7,126,647 | 8,001,748 | 8,812,156 | 12,552,287 | 11,165,619 | 12,923,789 | 14,254,036 | 11,853,771 | 14,585,574 | 6,330,161 | 7,750,981 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 10,360,856 | 10,154,390 | 12,509,111 | 7,418,991 | 7,126,647 | 8,001,748 | 8,812,156 | 12,552,287 | 11,165,619 | 12,923,789 | 14,254,036 | 11,853,771 | 14,585,574 | 6,330,161 | 7,750,981 |
net assets | 47,845,532 | 42,275,159 | 40,872,951 | 12,882,313 | 26,834,679 | 28,826,091 | 25,503,252 | 2,628,757 | 2,106,046 | 684,675 | 1,669,518 | 2,995,222 | 306,178 | 10,604,072 | 10,131,990 |
total shareholders funds | 47,845,532 | 42,275,159 | 40,872,951 | 12,882,313 | 26,834,679 | 28,826,091 | 25,503,252 | 2,628,757 | 2,106,046 | 684,675 | 1,669,518 | 2,995,222 | 306,178 | 10,604,072 | 10,131,990 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 7,338,159 | 3,187,302 | 2,669,117 | 104,240 | 855,929 | 3,877,643 | 590,788 | 1,265,778 | 2,153,081 | -966,975 | 1,929,469 | 623,802 | 1,240,308 | 748,935 | 823,521 |
Depreciation | 295,239 | 306,711 | 307,015 | 314,848 | 353,668 | 380,052 | 380,955 | 283,402 | 297,094 | 297,556 | 315,872 | 497,992 | 417,733 | 177,282 | 361,312 |
Amortisation | 2,104,514 | 2,101,335 | 0 | 0 | 0 | 325,315 | 324,001 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -1,760,170 | -1,775,717 | -521,188 | -819 | -267,527 | -822,811 | -158,699 | -178,831 | -424,600 | 399,069 | -264,028 | 2,468,844 | -327,432 | -355,777 | -296,699 |
Stock | -3,581,849 | -498,558 | 5,667,413 | -1,872,150 | -851,826 | -94,223 | 7,156,809 | 350,624 | 162,972 | -881,807 | -386,731 | 1,119,592 | 572,368 | 3,904,131 | 3,800,205 |
Debtors | 11,524,449 | 2,357,413 | 5,869,838 | -1,167,177 | -4,048,746 | -410,022 | 6,266,871 | -170,432 | 589,968 | -476,258 | 1,740,491 | -1,196,179 | -1,636,475 | 7,504,457 | 10,686,381 |
Creditors | -691,929 | -1,067,061 | 1,753,497 | -721,599 | 286,059 | -1,723,551 | 3,047,452 | -369,480 | -1,384,829 | 117,620 | 420,017 | -320,290 | 182,444 | 2,461,821 | 3,061,454 |
Accruals and Deferred Income | 558,058 | 365,105 | 193,691 | 131,698 | -859,308 | 542,659 | 1,195,932 | 1,130,163 | 67,269 | -553,439 | 220,552 | -2,611,141 | 264,970 | 3,441,277 | 3,271,542 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -98,729 | 1,258,820 | -7,135,119 | 2,867,695 | 5,269,393 | 3,083,552 | -8,043,251 | 1,950,840 | -44,925 | 651,896 | 1,268,122 | 735,794 | 2,842,130 | -4,935,050 | -7,265,456 |
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 0 | -92,545 | -3,641,525 | -62,395 | -76,981 | ||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 0 | -92,545 | -3,641,525 | -62,395 | -76,981 | ||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 340,337 | -1,652,765 | 3,142,932 | 882,245 | -286,502 | 692,623 | -8,321,004 | 639,114 | -64,766 | -716,913 | 1,511,983 | -119,147 | 7,823,194 | 411,868 | 1,417,985 |
Other Short Term Loans | 0 | 0 | 0 | 0 | -15,350 | -322,139 | 337,489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
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 | -110,770 | 78,924 | 127,298 |
cash flow from financing | 332,721 | -1,662,142 | 28,985,641 | 872,639 | -311,853 | 638,491 | 15,795,080 | 74,878 | -371,876 | -1,133,850 | 1,020,838 | -522,749 | 7,712,424 | 10,622,782 | 11,023,153 |
cash and cash equivalents | |||||||||||||||
cash | 175,481 | -446,537 | 862,118 | -10,158,394 | 2,554,116 | 3,629,497 | 2,761,483 | 1,950,194 | -866,612 | -861,523 | -215,446 | 432,884 | -993,367 | 3,230,276 | 1,078,812 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13,129 | -375,844 | -177,515 | 247,713 | 318,775 | -15,195 | 15,195 | 0 |
change in cash | 175,481 | -446,537 | 862,118 | -10,158,394 | 2,554,116 | 3,629,497 | 2,761,483 | 1,963,323 | -490,768 | -684,008 | -463,159 | 114,109 | -978,172 | 3,215,081 | 1,078,812 |
ecco safety group (uk) limited Credit Report and Business Information
Ecco Safety Group (uk) Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Robert Willing | 56 years | Mar 2021 | - | Director | |
Mr Brian Olsen | United Kingdom | 55 years | Mar 2021 | - | Director |
Mr Brian Kupchella | United Kingdom | 57 years | Mar 2021 | - | Director |
Mr Simon Barclay | United Kingdom | 44 years | May 2023 | - | Director |
Mr Steven Powell | United Kingdom | 47 years | May 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
ecco safety group (uk) limited Companies House Filings - See Documents
date | description | view/download |
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