Economical Investment Limited

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economical investment limited Company Information

Live

MatureMicroRapid

Company Number

02786893

Next Accounts

5 days late

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Levent Huseyin

Shareholders

levent huseyin

jeyda turcan mehmet

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Group Structure

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Contact

Registered Address

496-498 bearwood road, smethwick, B66 4HB

Website

economical investment limited Estimated Valuation

£758.9k

Pomanda estimates the enterprise value of ECONOMICAL INVESTMENT LIMITED at £758.9k based on Net Assets of £479.1k and 1.58x industry multiple (adjusted for liquidity).

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Economical Investment Limited is a live company located in smethwick, B66 4HB with a Companies House number of 02786893. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 1993, it's largest shareholder is levent huseyin with a 40% stake. Economical Investment Limited is a mature, micro sized company, Pomanda has estimated its turnover at £20.9k with rapid growth in recent years.

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Pomanda's financial health check has awarded Economical Investment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £20.9k, make it smaller than the average company (£815.1k)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (1.6%)

EXPORT

Economical Investment Limited's latest turnover from February 2023 is estimated at £20.9 thousand and the company has net assets of £479.1 thousand. According to their latest financial statements, we estimate that Economical Investment Limited has 1 employee and maintains cash reserves of £267.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	20,901	13,280	14,242	9,353	6,269	7,253	5,832	6,608	69,029	61,906	86,528	112,287	80,115	20,927
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,866	3,823	3,886	2,768	1,795	2,004	1,544	1,991	23,887	21,337	29,381	37,577	26,997	7,817
Gross Profit	15,035	9,457	10,357	6,585	4,474	5,250	4,288	4,616	45,142	40,568	57,147	74,710	53,117	13,110
Admin Expenses	-12,142	-26,150	-59,162	-6,476	-3,111	3,634	-42,377	-17,824	38,797	-14,308	-5,088	142,459	107,235	-420,677
Operating Profit	27,177	35,607	69,519	13,061	7,585	1,616	46,665	22,440	6,345	54,876	62,235	-67,749	-54,118	433,787
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,149	1,118	180	1,014	961	629	244	478	519	391	203	191	344	210
Pre-Tax Profit	37,326	36,725	69,699	14,075	8,546	2,246	46,909	22,918	6,863	55,266	62,438	-67,558	-53,774	433,997
Tax	-7,092	-6,978	-13,243	-2,674	-1,624	-427	-9,382	-4,583	-1,441	-12,711	-14,985	0	0	-121,519
Profit After Tax	30,234	29,747	56,456	11,401	6,922	1,819	37,527	18,334	5,422	42,555	47,453	-67,558	-53,774	312,478
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	30,234	29,747	56,456	11,401	6,922	1,819	37,527	18,334	5,422	42,555	47,453	-67,558	-53,774	312,478
Employee Costs	30,641	29,725	26,889	28,291	27,385	26,237	25,715	26,393	26,000	24,750	23,979	23,802	23,237	24,845
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1
EBITDA*	27,177	35,607	69,519	13,061	7,585	1,616	46,665	22,440	6,345	54,876	62,235	-67,749	-54,118	433,787

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755	243,755
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,444	1,692	1,692	799	0	0	0	0	773	746	3,021	5,251	5,190	685
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,355	1,372	1,088	1,054	1,006	946	711	791	0	0	0	0	0	0
Cash	267,897	239,529	207,713	152,066	118,315	137,955	113,798	81,352	109,660	97,752	58,537	22,633	53,626	84,119
misc current assets	0	0	0	0	247	0	0	0	0	0	0	0	0	0
total current assets	271,696	242,593	210,493	153,919	119,568	138,901	114,509	82,143	110,433	98,498	61,558	27,884	58,816	84,804
total assets	515,451	486,348	454,248	397,674	363,323	382,656	358,264	325,898	354,188	342,253	305,313	271,639	302,571	328,559
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,520	2,520	2,520	2,520	2,204	2,520	2,520	2,400	67,512	60,999	66,614	80,393	43,767	15,981
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	33,815	34,946	32,593	32,475	9,841	35,780	13,207	18,488	0	0	0	0	0	0
total current liabilities	36,335	37,466	35,113	34,995	12,045	38,300	15,727	20,888	67,512	60,999	66,614	80,393	43,767	15,981
loans	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
Accruals and Deferred Income	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
provisions	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
total liabilities	36,335	37,466	35,113	34,995	12,045	38,300	15,727	20,888	67,512	60,999	66,614	80,393	43,767	15,981
net assets	479,116	448,882	419,135	362,679	351,278	344,356	342,537	305,010	286,676	281,254	238,699	191,246	258,804	312,578
total shareholders funds	479,116	448,882	419,135	362,679	351,278	344,356	342,537	305,010	286,676	281,254	238,699	191,246	258,804	312,578

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	27,177	35,607	69,519	13,061	7,585	1,616	46,665	22,440	6,345	54,876	62,235	-67,749	-54,118	433,787
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-7,092	-6,978	-13,243	-2,674	-1,624	-427	-9,382	-4,583	-1,441	-12,711	-14,985	0	0	-121,519
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	735	284	927	847	60	235	-80	18	27	-2,275	-2,230	61	4,505	685
Creditors	0	0	0	316	-316	0	120	-65,112	6,513	-5,615	-13,779	36,626	27,786	15,981
Accruals and Deferred Income	-1,131	2,353	118	22,634	-25,939	22,573	-5,281	18,488	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	18,219	30,698	55,467	32,490	-20,354	23,527	32,202	-28,785	11,390	38,825	35,701	-31,184	-30,837	327,564
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	-243,755
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-243,755
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	10,149	1,118	180	1,014	961	629	244	478	519	391	203	191	344	210
cash flow from financing	10,149	1,118	180	1,014	961	629	244	478	519	391	203	191	344	310
cash and cash equivalents
cash	28,368	31,816	55,647	33,751	-19,640	24,157	32,446	-28,308	11,908	39,215	35,904	-30,993	-30,493	84,119
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	28,368	31,816	55,647	33,751	-19,640	24,157	32,446	-28,308	11,908	39,215	35,904	-30,993	-30,493	84,119

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for economical investment limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in B66 area or any other competitors across 12 key performance metrics.

ECONOMICAL INVESTMENT LIMITED group structure

Economical Investment Limited has no subsidiary companies.

Ultimate parent company

ECONOMICAL INVESTMENT LIMITED

02786893

ECONOMICAL INVESTMENT LIMITED Shareholders

levent huseyin	40%
jeyda turcan mehmet	20%
umit veli	20%
yeliz umit alkan	20%

Economical Investment Limited currently has 1 director, Mr Levent Huseyin serving since Aug 2012.

officer	country	age	start	end	role
Mr Levent Huseyin	England	38 years	Aug 2012	-	Director

P&L

February 2023

turnover

20.9k

+57%

operating profit

27.2k

gross margin

72%

+1.02%

turnover

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

Balance Sheet

February 2023

net assets

479.1k

+0.07%

total assets

515.5k

+0.06%

cash

267.9k

+0.12%

net assets

Total assets minus all liabilities

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company number

02786893

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

February 1993

ultimate parent company

None

previous names

N/A

address

496-498 bearwood road, smethwick, B66 4HB

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 2 charges/mortgages relating to economical investment limited. Currently there are 2 open charges and 0 have been satisfied in the past.

economical investment limited Company Information

economical investment limited Estimated Valuation

economical investment limited Estimated Valuation

economical investment limited Estimated Valuation

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