Echo Sourcing Ltd

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echo sourcing ltd Company Information

Live

MatureMegaHigh

Company Number

03276837

Website

http://www.echosourcing.com

Registered Address

110-112 parkway, camden, london, NW1 7AN

Industry

Manufacture of women's outerwear, other than leather clothes and workwear

Telephone

02073729955

Next Accounts Due

March 2025

Group Structure

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Directors

Shafiqul Hassan27 Years

Para Hamilton27 Years

Shareholders

mrs para hamilton 50%

mr shafiqul hassan 50%

echo sourcing ltd Estimated Valuation

£257.2m

Pomanda estimates the enterprise value of ECHO SOURCING LTD at £257.2m based on Net Assets of £81.2m and 3.17x industry multiple (adjusted for liquidity).

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Echo Sourcing Ltd is a live company located in london, NW1 7AN with a Companies House number of 03276837. It operates in the manufacture of other women's outerwear sector, SIC Code 14132. Founded in November 1996, it's largest shareholder is mrs para hamilton with a 50% stake. Echo Sourcing Ltd is a mature, mega sized company, Pomanda has estimated its turnover at £161.7m with high growth in recent years.

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Pomanda's financial health check has awarded Echo Sourcing Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £161.7m, make it larger than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (3.1%)

EXPORT

Echo Sourcing Ltd's latest turnover from June 2023 is £161.7 million and the company has net assets of £81.2 million. According to their latest financial statements, Echo Sourcing Ltd has 16,120 employees and maintains cash reserves of £8.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	161,748,245	161,181,518	128,304,507	95,730,428	114,754,315	86,571,244	89,922,223	83,220,934	74,312,666	64,242,485	63,386,005	44,721,834	40,688,850	34,000,211
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	140,524,930	139,381,558	101,321,189	81,628,823	94,525,036	72,450,499	74,406,597	65,319,463	58,583,517	48,129,792	48,477,738	33,841,436	32,624,599	30,207,838
Gross Profit	21,223,315	21,799,960	26,983,318	14,101,605	20,229,279	14,120,745	15,515,626	17,901,471	15,729,149	16,112,693	14,908,267	10,880,398	8,064,251	3,792,373
Admin Expenses	10,996,280	10,770,510	8,834,172	8,765,895	9,726,453	9,898,794	9,853,078	8,158,565	5,510,522	5,353,458	4,270,658	3,540,594	2,766,975	2,214,402
Operating Profit	10,227,035	11,029,450	18,149,146	5,335,710	10,502,826	4,221,951	5,662,548	9,742,906	10,218,627	10,759,235	10,637,609	7,339,804	5,297,276	1,577,971
Interest Payable	1,473,012	1,253,197	983,948	1,081,568	1,018,246	676,045	603,717	613,475	612,253	727,724	754,824	720,125	60,956	98,680
Interest Receivable	53,569	729	2	232,184	29,324	314,378	7,782	6,008	13,491	7,607	20,899	5,541	8,161	17,896
Pre-Tax Profit	9,172,833	9,776,982	17,494,709	4,929,165	9,513,904	3,860,284	5,066,613	9,853,260	12,285,377	10,044,118	9,904,797	6,522,141	5,246,979	1,482,492
Tax	-4,386,436	-722,775	-1,618,650	-517,069	-1,179,919	-334,094	-792,277	-1,589,956	-3,066,666	-1,127,339	-1,077,102	-1,968,949	-1,208,421	-513,537
Profit After Tax	4,786,397	9,054,207	15,876,059	4,412,096	8,333,985	3,526,190	4,274,336	8,263,304	9,218,711	8,916,779	8,827,695	4,553,192	4,038,558	968,955
Dividends Paid	1,670,663	1,264,005	945,573	1,799,375	3,238,441	773,266	811,326	352,348	474,005	367,368	826,632	476,480	439,063	287,472
Retained Profit	1,667,569	4,971,551	11,915,255	1,174,196	2,909,136	1,827,854	2,758,741	5,860,910	6,998,172	6,408,395	6,004,997	3,449,560	3,385,255	626,305
Employee Costs	4,210,442	13,727,639	10,442,263	10,442,263	9,965,641	9,614,401	10,136,753	10,820,954	8,588,001	5,156,811	4,516,906	2,661,442	1,943,051	1,638,257
Number Of Employees	16,120	16,363	14,110	11,309	7,716	6,848	6,890	7,337	7,323	6,568	6,481	6,440	6,208	5,208
EBITDA*	13,023,089	13,939,682	20,692,016	7,574,914	12,441,172	6,048,424	8,102,592	11,944,326	11,809,107	12,086,994	11,715,342	8,259,782	6,088,341	2,265,721

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	67,753,954	64,849,555	62,752,721	62,147,152	53,615,018	50,896,778	48,160,633	42,573,431	40,282,977	19,079,078	20,292,557	17,968,510	16,213,405	14,922,970
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	11,199,390	11,676,048	11,635,000	8,635,000	2,529,844	2,529,844	2,529,844	2,288,391	2,104,089	1,516,360	1,492,652	1,242,538	1,207,088	1,207,088
Debtors (Due After 1 year)	0	0	0	0	0	1,107,001	233,283	225,820	0	0	0	0	0	0
Total Fixed Assets	78,953,344	76,525,603	74,387,721	70,782,152	56,144,862	54,533,623	50,923,760	45,087,642	42,387,066	20,595,438	21,785,209	19,211,048	17,420,493	16,130,058
Stock & work in progress	30,009,678	39,010,848	25,752,388	17,506,063	20,516,596	21,816,918	16,209,868	15,785,724	16,571,382	10,177,952	8,855,589	6,284,516	5,403,115	3,912,579
Trade Debtors	38,037,729	33,164,945	20,700,952	9,147,140	8,971,025	7,415,395	8,328,851	8,104,279	8,448,611	6,603,897	6,269,706	4,801,181	8,736,569	6,330,363
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	4,730,252	9,587,318	12,601,705	11,777,435	7,170,122	4,442,955	6,653,416	5,138,683	1,666,548	6,362,778	3,826,407	5,895,289	3,925,734	2,617,858
Cash	8,720,330	10,580,698	7,661,385	13,941,676	5,548,788	4,768,437	3,649,013	6,907,340	5,205,290	5,000,948	4,008,576	3,428,479	2,133,539	3,473,384
misc current assets	0	0	0	0	0	0	163,188	0	0	0	0	0	0	0
total current assets	81,497,989	92,343,809	66,716,430	52,372,314	42,206,531	38,443,705	35,004,336	35,936,026	31,891,831	28,145,575	22,960,278	20,409,465	20,198,957	16,334,184
total assets	160,451,333	168,869,412	141,104,151	123,154,466	98,351,393	92,977,328	85,928,096	81,023,668	74,278,897	48,741,013	44,745,487	39,620,513	37,619,450	32,464,242
Bank overdraft	0	0	0	0	0	0	487,144	490,346	10,010	0	649,541	1,631,495	4,253,779	4,741,479
Bank loan	240,000	180,000	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	43,808,525	59,111,750	6,633,300	6,226,633	5,368,041	4,813,252	3,974,598	4,114,135	2,792,834	3,393,766	2,946,708	1,945,010	3,031,168	2,585,451
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	392,443	1,514,555	33,807,497	27,226,859	24,963,244	25,963,340	21,808,960	20,055,987	20,981,262	17,160,528	19,167,088	20,838,193	18,049,159	16,278,997
total current liabilities	44,440,968	60,806,305	40,440,797	33,453,492	30,331,285	30,776,592	26,270,702	24,660,468	23,784,106	20,554,294	22,763,337	24,414,698	25,334,106	23,605,927
loans	7,493,494	3,884,172	4,428,259	7,589,444	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	7,500	7,500	7,500	0	0	0	0	0	0
provisions	3,613,495	1,170,797	1,182,793	1,182,793	1,021,896	1,021,896	1,231,478	1,231,478	1,231,478	15,278	15,278	2,720	2,720	2,720
total long term liabilities	11,106,989	5,054,969	5,611,052	8,772,237	1,021,896	1,029,396	1,238,978	1,238,978	1,231,478	15,278	15,278	2,720	2,720	2,720
total liabilities	55,547,957	65,861,274	46,051,849	42,225,729	31,353,181	31,805,988	27,509,680	25,899,446	25,015,584	20,569,572	22,778,615	24,417,418	25,336,826	23,608,647
net assets	81,194,898	80,747,825	75,610,640	64,502,306	52,010,306	48,369,842	46,541,988	55,124,222	49,263,313	28,171,441	21,966,872	15,203,095	12,282,624	8,855,595
total shareholders funds	81,194,898	80,747,825	75,610,640	64,502,306	52,010,306	48,369,842	46,541,988	55,124,222	49,263,313	28,171,441	21,966,872	15,203,095	12,282,624	8,855,595

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	10,227,035	11,029,450	18,149,146	5,335,710	10,502,826	4,221,951	5,662,548	9,742,906	10,218,627	10,759,235	10,637,609	7,339,804	5,297,276	1,577,971
Depreciation	2,796,054	2,910,232	2,542,870	2,239,204	1,938,346	1,826,473	2,440,044	2,201,420	1,590,480	1,327,759	1,077,733	919,978	791,065	687,750
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-4,386,436	-722,775	-1,618,650	-517,069	-1,179,919	-334,094	-792,277	-1,589,956	-3,066,666	-1,127,339	-1,077,102	-1,968,949	-1,208,421	-513,537
Stock	-9,001,170	13,258,460	8,246,325	-3,010,533	-1,300,322	5,607,050	424,144	-785,658	6,393,430	1,322,363	2,571,073	881,401	1,490,536	3,912,579
Debtors	15,718	9,449,606	12,378,082	4,783,428	3,175,796	-2,250,199	1,746,768	3,353,623	-2,851,516	2,870,562	-600,357	-1,965,833	3,714,082	8,948,221
Creditors	-15,303,225	52,478,450	406,667	858,592	554,789	838,654	-139,537	1,321,301	-600,932	447,058	1,001,698	-1,086,158	445,717	2,585,451
Accruals and Deferred Income	-1,122,112	-32,292,942	6,580,638	2,263,615	-1,000,096	4,154,380	1,752,973	-925,275	3,820,734	-2,006,560	-1,671,105	2,789,034	1,770,162	16,278,997
Deferred Taxes & Provisions	2,442,698	-11,996	0	160,897	0	-209,582	0	0	1,216,200	0	12,558	0	0	2,720
Cash flow from operations	3,639,466	10,682,353	5,436,264	8,568,054	8,940,472	7,140,931	6,752,839	8,182,431	9,636,529	5,207,228	8,010,675	9,078,141	1,891,181	7,758,552
Investing Activities
capital expenditure	0	0	0	0	-5,030,077	-4,562,618	-3,641,445	-4,813,716	-5,802,910	-1,912,730	-4,701,312	-2,830,048	-2,081,499	-3,387,966
Change in Investments	-476,658	41,048	3,000,000	6,105,156	0	0	241,453	184,302	587,729	23,708	250,114	35,450	0	1,207,088
cash flow from investments	476,658	-41,048	-3,000,000	-6,105,156	-5,030,077	-4,562,618	-3,882,898	-4,998,018	-6,390,639	-1,936,438	-4,951,426	-2,865,498	-2,081,499	-4,595,054
Financing Activities
Bank loans	60,000	180,000	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	3,609,322	-544,087	-3,161,185	7,589,444	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	-7,500	0	0	7,500	0	0	0	0	0	0
share issue	-1,220,496	165,634	-806,921	11,317,804	731,328	0	-11,340,975	-1	14,093,700	-203,826	758,780	-529,089	41,774	8,229,290
interest	-1,419,443	-1,252,468	-983,946	-849,384	-988,922	-361,667	-595,935	-607,467	-598,762	-720,117	-733,925	-714,584	-52,795	-80,784
cash flow from financing	1,029,383	-1,450,921	-4,952,052	18,057,864	-265,094	-361,667	-11,936,910	-599,968	13,494,938	-923,943	24,855	-1,243,673	-11,021	8,148,506
cash and cash equivalents
cash	-1,860,368	2,919,313	-6,280,291	8,392,888	780,351	1,119,424	-3,258,327	1,702,050	204,342	992,372	580,097	1,294,940	-1,339,845	3,473,384
overdraft	0	0	0	0	0	-487,144	-3,202	480,336	10,010	-649,541	-981,954	-2,622,284	-487,700	4,741,479
change in cash	-1,860,368	2,919,313	-6,280,291	8,392,888	780,351	1,606,568	-3,255,125	1,221,714	194,332	1,641,913	1,562,051	3,917,224	-852,145	-1,268,095

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ECHO SOURCING LTD group structure

Echo Sourcing Ltd has 1 subsidiary company.

Ultimate parent company

ECHO SOURCING LTD

03276837

1 subsidiary

ECHOLOGYX LTD

11338720

ECHO SOURCING LTD Shareholders

mrs para hamilton	50%
mr shafiqul hassan	50%

Echo Sourcing Ltd currently has 2 directors. The longest serving directors include Mr Shafiqul Hassan (Nov 1996) and Mrs Para Hamilton (Oct 1997).

officer	country	age	start	end	role
Mr Shafiqul Hassan	United Kingdom	66 years	Nov 1996	-	Director
Mrs Para Hamilton	United Kingdom	68 years	Oct 1997	-	Director

P&L

June 2023

turnover

161.7m

operating profit

10.2m

-7%

gross margin

13.2%

-2.99%

turnover

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

Balance Sheet

June 2023

net assets

81.2m

+0.01%

total assets

160.5m

-0.05%

cash

8.7m

-0.18%

net assets

Total assets minus all liabilities

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company number

03276837

Type

Private limited with Share Capital

industry

14132 - Manufacture of women's outerwear, other than leather clothes and workwear

incorporation date

November 1996

ultimate parent company

None

previous names

eccho ltd (November 1996)

address

110-112 parkway, camden, london, NW1 7AN

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 echo sourcing ltd. Currently there are 1 open charges and 6 have been satisfied in the past.

echo sourcing ltd Company Information

echo sourcing ltd Estimated Valuation

echo sourcing ltd Estimated Valuation

echo sourcing ltd Estimated Valuation

Echo Sourcing Ltd Overview

Echo Sourcing Ltd Health Check

ECHO SOURCING LTD financials

echo sourcing ltd Credit Report and Business Information

Echo Sourcing Ltd Competitor Analysis

echo sourcing ltd Ownership

echo sourcing ltd directors

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echo sourcing ltd Charges & Mortgages

echo sourcing ltd Companies House Filings - See Documents