Eco Technology Ltd.

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eco technology ltd. Company Information

Live

MatureMidDeclining

Company Number

02832828

Website

http://ecotechnology.ltd.uk

Registered Address

mbg house, unit c, maerdy industrial estate, tredegar, gwent, NP22 5PY

Industry

Collection of non-hazardous waste

Telephone

01246857076

Next Accounts Due

January 2025

Group Structure

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Directors

Paul Mellor30 Years

Daniel Lewis6 Years

Shareholders

mekatek business group ltd 85.7%

trustees of the mrs pn mellor discretionary trust 14.3%

eco technology ltd. Estimated Valuation

£12.9m

Pomanda estimates the enterprise value of ECO TECHNOLOGY LTD. at £12.9m based on an EBITDA of £2.1m and a 6.17x industry multiple (adjusted for size and gross margin).

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Eco Technology Ltd. is a live company located in tredegar, NP22 5PY with a Companies House number of 02832828. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in July 1993, it's largest shareholder is mekatek business group ltd with a 85.7% stake. Eco Technology Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £10.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Eco Technology Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £10.3m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (7.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ECO TECHNOLOGY LTD. group structure

Eco Technology Ltd. has no subsidiary companies.

Ultimate parent company

MEKATEK BUSINESS GROUP LIMITED

07729702

1 parent

ECO TECHNOLOGY LTD.

02832828

ECO TECHNOLOGY LTD. Shareholders

mekatek business group ltd	85.71%
trustees of the mrs pn mellor discretionary trust	14.29%

Eco Technology Ltd. currently has 2 directors. The longest serving directors include Mr Paul Mellor (Jul 1993) and Mr Daniel Lewis (Feb 2018).

officer	country	age	start	end	role
Mr Paul Mellor	Wales	62 years	Jul 1993	-	Director
Mr Daniel Lewis	Wales	46 years	Feb 2018	-	Director

EXPORT

Eco Technology Ltd.'s latest turnover from April 2023 is estimated at £10.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Eco Technology Ltd. has 41 employees and maintains cash reserves of £97.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	10,339,330	11,952,607	12,792,701	11,926,211	14,516,772	4,153,510	8,676,871	13,889,756	9,145,820	7,842,328	8,800,332	6,746,420	4,847,964	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,868,729	9,074,037	9,742,783	9,202,729	11,047,728	3,101,273	6,571,995	10,779,177	7,025,778	6,089,288	6,774,363	5,022,971	3,599,410	0
Gross Profit	2,470,602	2,878,570	3,049,918	2,723,482	3,469,044	1,052,238	2,104,876	3,110,579	2,120,042	1,753,040	2,025,968	1,723,449	1,248,554	0
Admin Expenses	796,120	1,879,280	2,612,957	2,549,599	3,312,947	762,411	2,111,083	2,658,126	1,881,418	1,251,986	1,567,402	1,483,334	1,136,927	-620,165
Operating Profit	1,674,482	999,290	436,961	173,883	156,097	289,827	-6,207	452,453	238,624	501,054	458,566	240,115	111,627	620,165
Interest Payable	43,640	54,831	60,379	66,325	64,090	63,715	32,397	0	0	0	0	0	0	0
Interest Receivable	2,065	805	529	1,754	3,141	1,190	1,354	4,581	5,007	3,694	1,956	1,174	390	79
Pre-Tax Profit	1,632,907	945,264	377,111	109,312	95,147	227,301	-37,250	457,034	243,630	504,748	460,522	241,289	112,017	620,244
Tax	-408,227	-179,600	-71,651	-20,769	-18,078	-43,187	0	-91,407	-51,162	-116,092	-110,525	-62,735	-31,365	-173,668
Profit After Tax	1,224,680	765,664	305,460	88,543	77,069	184,114	-37,250	365,627	192,468	388,656	349,997	178,554	80,652	446,576
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,224,680	765,664	305,460	88,543	77,069	184,114	-37,250	365,627	192,468	388,656	349,997	178,554	80,652	446,576
Employee Costs	1,541,325	107,077	98,726	160,165	156,366	153,879	151,713	2,980,744	2,026,718	1,796,045	1,898,524	1,518,490	1,158,019	0
Number Of Employees	41	3	3	5	5	5	5	100	69	61	67	56	41	0
EBITDA*	2,091,174	1,198,919	636,799	402,051	434,411	578,941	396,631	601,546	419,908	636,341	575,792	345,399	267,785	700,778

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	2,307,308	2,550,980	2,368,164	2,558,929	2,610,521	2,896,105	2,557,182	1,341,830	1,482,853	1,459,734	1,055,037	947,552	468,475	241,836
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	2,307,308	2,550,980	2,368,164	2,558,929	2,610,521	2,896,105	2,557,182	1,341,830	1,482,853	1,459,734	1,055,037	947,552	468,475	241,836
Stock & work in progress	961,823	673,983	1,048,179	1,309,520	1,471,431	106,670	229,707	138,881	13,300	12,315	15,530	13,150	13,150	12,008
Trade Debtors	1,031,838	1,755,347	1,152,646	850,639	1,319,888	969,886	1,977,094	2,009,907	1,193,823	819,700	1,213,296	924,186	792,845	653,756
Group Debtors	0	0	4,100	0	0	13,268	30,000	0	0	0	0	0	0	0
Misc Debtors	652,924	38,680	41,356	0	0	44,485	61,416	0	0	0	0	0	0	0
Cash	97,178	920,540	689,141	369,544	98,239	739,287	212,422	870,508	961,949	1,040,659	437,091	345,353	124,149	31,679
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,743,763	3,388,550	2,935,422	2,585,412	2,889,558	1,873,596	2,510,639	3,019,296	2,169,072	1,872,674	1,665,917	1,282,689	930,144	697,443
total assets	5,051,071	5,939,530	5,303,586	5,144,341	5,500,079	4,769,701	5,067,821	4,361,126	3,651,925	3,332,408	2,720,954	2,230,241	1,398,619	939,279
Bank overdraft	0	0	0	31,028	36,915	36,915	36,915	0	0	0	0	0	0	0
Bank loan	29,305	52,773	45,915	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	84,196	459,826	187,035	353,902	99,662	320,629	858,806	2,358,296	2,014,722	1,887,673	1,649,911	1,509,195	712,548	492,403
Group/Directors Accounts	539,544	697,246	1,120,232	0	0	600,000	684,604	0	0	0	0	0	0	0
other short term finances	0	0	0	1,037,385	859,855	0	0	0	0	0	0	0	0	0
hp & lease commitments	84,504	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,833,629	328,519	357,571	0	0	568,176	361,141	0	0	0	0	0	0	0
total current liabilities	2,571,178	1,538,364	1,710,753	1,793,356	2,255,252	1,525,720	1,941,466	2,358,296	2,014,722	1,887,673	1,649,911	1,509,195	712,548	492,403
loans	822,210	833,731	865,303	0	0	965,287	999,775	0	0	0	0	0	0	0
hp & lease commitments	286,253	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	9,005	24,264	0	0	0	0	0	0	0	0	0	158,543	0
provisions	146,400	172,000	82,500	0	0	129,000	161,000	0	0	0	14,964	14,964	0	0
total long term liabilities	1,254,863	1,014,736	972,067	1,035,679	1,018,064	1,094,287	1,160,775	0	0	0	14,964	14,964	158,543	0
total liabilities	3,826,041	2,553,100	2,682,820	2,829,035	3,273,316	2,620,007	3,102,241	2,358,296	2,014,722	1,887,673	1,664,875	1,524,159	871,091	492,403
net assets	1,225,030	3,386,430	2,620,766	2,315,306	2,226,763	2,149,694	1,965,580	2,002,830	1,637,203	1,444,735	1,056,079	706,082	527,528	446,876
total shareholders funds	1,225,030	3,386,430	2,620,766	2,315,306	2,226,763	2,149,694	1,965,580	2,002,830	1,637,203	1,444,735	1,056,079	706,082	527,528	446,876

	Apr 2023	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	1,674,482	999,290	436,961	173,883	156,097	289,827	-6,207	452,453	238,624	501,054	458,566	240,115	111,627	620,165
Depreciation	416,692	199,629	199,838	228,168	278,314	289,114	402,838	149,093	181,284	135,287	117,226	105,284	156,158	80,613
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-408,227	-179,600	-71,651	-20,769	-18,078	-43,187	0	-91,407	-51,162	-116,092	-110,525	-62,735	-31,365	-173,668
Stock	961,823	-374,196	-261,341	-161,911	1,364,761	-123,037	90,826	125,581	985	-3,215	2,380	0	1,142	12,008
Debtors	1,684,762	595,925	347,463	-469,249	292,249	-1,040,871	58,603	816,084	374,123	-393,596	289,110	131,341	139,089	653,756
Creditors	84,196	272,791	-166,867	254,240	-220,967	-538,177	-1,499,490	343,574	127,049	237,762	140,716	796,647	220,145	492,403
Accruals and Deferred Income	1,833,629	-29,052	357,571	0	-568,176	207,035	361,141	0	0	0	0	0	0	0
Deferred Taxes & Provisions	146,400	89,500	82,500	0	-129,000	-32,000	161,000	0	0	-14,964	0	14,964	0	0
Cash flow from operations	1,100,587	1,130,829	752,230	1,266,682	-2,158,820	1,336,520	-730,147	-87,952	120,687	1,139,858	314,493	962,934	316,334	353,749
Investing Activities
capital expenditure	-2,724,000	-382,445	-9,073	-176,576	7,270	-628,037	-1,618,190	-8,070	-204,403	-539,984	-224,711	-584,361	-382,797	-322,449
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,724,000	-382,445	-9,073	-176,576	7,270	-628,037	-1,618,190	-8,070	-204,403	-539,984	-224,711	-584,361	-382,797	-322,449
Financing Activities
Bank loans	29,305	6,858	45,915	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	539,544	-422,986	1,120,232	0	-600,000	-84,604	684,604	0	0	0	0	0	0	0
Other Short Term Loans	0	0	-1,037,385	177,530	859,855	0	0	0	0	0	0	0	0	0
Long term loans	822,210	-31,572	865,303	0	-965,287	-34,488	999,775	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	370,757	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-15,259	24,264	0	0	0	0	0	0	0	0	-158,543	158,543	0
share issue	350	0	0	0	0	0	0	0	0	0	0	0	0	300
interest	-41,575	-54,026	-59,850	-64,571	-60,949	-62,525	-31,043	4,581	5,007	3,694	1,956	1,174	390	79
cash flow from financing	1,720,591	-516,985	958,479	112,959	-766,381	-181,617	1,653,336	4,581	5,007	3,694	1,956	-157,369	158,933	379
cash and cash equivalents
cash	97,178	231,399	319,597	271,305	-641,048	526,865	-658,086	-91,441	-78,710	603,568	91,738	221,204	92,470	31,679
overdraft	0	0	-31,028	-5,887	0	0	36,915	0	0	0	0	0	0	0
change in cash	97,178	231,399	350,625	277,192	-641,048	526,865	-695,001	-91,441	-78,710	603,568	91,738	221,204	92,470	31,679

P&L

April 2023

turnover

10.3m

operating profit

1.7m

gross margin

23.9%

turnover

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

Balance Sheet

April 2023

net assets

1.2m

total assets

5.1m

cash

97.2k

net assets

Total assets minus all liabilities

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company number

02832828

Type

Private limited with Share Capital

industry

38110 - Collection of non-hazardous waste

incorporation date

July 1993

age

accounts

Total Exemption Full

ultimate parent company

MEKATEK BUSINESS GROUP LIMITED

previous names

N/A

incorporated

address

mbg house, unit c, maerdy industrial estate, tredegar, gwent, NP22 5PY

last accounts submitted

April 2023

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 4 charges/mortgages relating to eco technology ltd.. Currently there are 4 open charges and 0 have been satisfied in the past.

eco technology ltd. Company Information

eco technology ltd. Estimated Valuation

eco technology ltd. Estimated Valuation

eco technology ltd. Estimated Valuation

Eco Technology Ltd. AI Business Plan

Eco Technology Ltd. Overview

Eco Technology Ltd. Health Check

eco technology ltd. Credit Report and Business Information

Eco Technology Ltd. Competitor Analysis

eco technology ltd. Ownership

eco technology ltd. directors

ECO TECHNOLOGY LTD. financials

eco technology ltd. company details

eco technology ltd. Charges & Mortgages

eco technology ltd. Companies House Filings - See Documents