econocom limited
econocom limited Company Information
Company Number
03517197
Next Accounts
65 days late
Industry
Renting and leasing of office machinery and equipment (including computers)
Shareholders
econocom group sanv
Group Structure
View All
Contact
Registered Address
33 queen street, 4th floor, london, EC4R 1BR
Website
www.econocom.comeconocom limited Estimated Valuation
Pomanda estimates the enterprise value of ECONOCOM LIMITED at £27.2m based on a Turnover of £22.5m and 1.21x industry multiple (adjusted for size and gross margin).
econocom limited Estimated Valuation
Pomanda estimates the enterprise value of ECONOCOM LIMITED at £0 based on an EBITDA of £-1.2m and a 2.99x industry multiple (adjusted for size and gross margin).
econocom limited Estimated Valuation
Pomanda estimates the enterprise value of ECONOCOM LIMITED at £16.6m based on Net Assets of £6.9m and 2.4x industry multiple (adjusted for liquidity).
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Econocom Limited Overview
Econocom Limited is a live company located in london, EC4R 1BR with a Companies House number of 03517197. It operates in the renting and leasing of office machinery and equipment (including computers) sector, SIC Code 77330. Founded in February 1998, it's largest shareholder is econocom group sanv with a 100% stake. Econocom Limited is a mature, large sized company, Pomanda has estimated its turnover at £22.5m with declining growth in recent years.
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Econocom Limited Health Check
Pomanda's financial health check has awarded Econocom Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £22.5m, make it larger than the average company (£11.9m)
£22.5m - Econocom Limited
£11.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (-4%)
-27% - Econocom Limited
-4% - Industry AVG
Production
with a gross margin of 10.7%, this company has a higher cost of product (44.9%)
10.7% - Econocom Limited
44.9% - Industry AVG
Profitability
an operating margin of -5.3% make it less profitable than the average company (11.2%)
-5.3% - Econocom Limited
11.2% - Industry AVG
Employees
with 23 employees, this is below the industry average (31)
23 - Econocom Limited
31 - Industry AVG
Pay Structure
on an average salary of £111.5k, the company has a higher pay structure (£61.7k)
£111.5k - Econocom Limited
£61.7k - Industry AVG
Efficiency
resulting in sales per employee of £979.3k, this is more efficient (£222k)
£979.3k - Econocom Limited
£222k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (18 days)
99 days - Econocom Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 235 days, this is slower than average (28 days)
235 days - Econocom Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Econocom Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (11 weeks)
32 weeks - Econocom Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.4%, this is a similar level of debt than the average (76.8%)
82.4% - Econocom Limited
76.8% - Industry AVG
ECONOCOM LIMITED financials
Econocom Limited's latest turnover from December 2022 is £22.5 million and the company has net assets of £6.9 million. According to their latest financial statements, Econocom Limited has 23 employees and maintains cash reserves of £16.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,523,000 | 31,298,000 | 36,846,000 | 57,224,000 | 45,941,000 | 92,230,000 | 83,066,000 | 62,288,000 | 86,647,000 | 56,897,000 | 85,885,000 | 56,950,000 | 55,431,000 | 65,262,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 20,109,000 | 27,317,000 | 33,033,000 | 50,158,000 | 38,246,000 | 84,664,000 | 77,352,000 | 54,815,000 | 80,015,000 | 50,226,000 | 75,980,000 | 49,799,000 | 48,945,000 | 58,932,000 |
| Gross Profit | 2,414,000 | 3,981,000 | 3,813,000 | 7,066,000 | 7,695,000 | 7,566,000 | 5,714,000 | 7,473,000 | 6,632,000 | 6,671,000 | 9,905,000 | 7,151,000 | 6,486,000 | 6,330,000 |
| Admin Expenses | 3,617,000 | 4,429,000 | 3,640,000 | 5,440,000 | 4,590,000 | 5,306,000 | 4,801,000 | 4,731,000 | 6,551,000 | 6,093,000 | 6,170,000 | 5,515,000 | 5,631,000 | 4,935,000 |
| Operating Profit | -1,203,000 | -448,000 | 173,000 | 1,626,000 | 3,105,000 | 2,260,000 | 913,000 | 2,742,000 | 81,000 | 578,000 | 3,735,000 | 1,636,000 | 855,000 | 1,395,000 |
| Interest Payable | 183,000 | 165,000 | 69,000 | 100,000 | 191,000 | 137,000 | 121,000 | 190,000 | 181,000 | 233,000 | 68,000 | 11,000 | 33,000 | 41,000 |
| Interest Receivable | 57,000 | 99,000 | 81,000 | 80,000 | 29,000 | 3,000 | 3,000 | 23,000 | 17,000 | 4,000 | 8,000 | 6,000 | 0 | 0 |
| Pre-Tax Profit | -1,329,000 | -514,000 | 185,000 | 1,606,000 | 2,943,000 | 2,126,000 | 795,000 | 2,575,000 | 417,000 | 349,000 | 3,675,000 | 1,631,000 | 822,000 | 1,354,000 |
| Tax | 260,000 | 8,000 | 98,000 | -321,000 | -561,000 | -415,000 | -177,000 | -528,000 | -99,000 | 141,000 | -928,000 | -450,000 | -207,000 | -430,000 |
| Profit After Tax | -1,069,000 | -506,000 | 283,000 | 1,285,000 | 2,382,000 | 1,711,000 | 618,000 | 2,047,000 | 318,000 | 490,000 | 2,747,000 | 1,181,000 | 615,000 | 924,000 |
| Dividends Paid | 0 | 0 | 0 | 2,000,000 | 1,000,000 | 500,000 | 2,580,000 | 0 | 500,000 | 1,700,000 | 1,796,000 | 0 | 924,000 | 5,547,000 |
| Retained Profit | -1,069,000 | -506,000 | 283,000 | -715,000 | 1,382,000 | 1,211,000 | -1,962,000 | 2,047,000 | -182,000 | -1,210,000 | 951,000 | 1,181,000 | -309,000 | -4,623,000 |
| Employee Costs | 2,565,000 | 2,844,000 | 1,815,000 | 2,177,000 | 2,128,000 | 2,040,000 | 2,272,000 | 2,496,000 | 2,863,000 | 3,149,000 | 3,336,000 | 2,708,000 | 3,014,000 | 3,068,000 |
| Number Of Employees | 23 | 30 | 27 | 28 | 30 | 34 | 33 | 32 | 32 | 41 | 35 | 33 | 48 | 49 |
| EBITDA* | -1,203,000 | -448,000 | 200,000 | 1,652,000 | 3,129,000 | 2,272,000 | 940,000 | 2,773,000 | 114,000 | 613,000 | 3,765,000 | 1,651,000 | 873,000 | 1,423,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 36,000 | 29,000 | 41,000 | 57,000 | 65,000 | 76,000 | 15,000 | 26,000 | 50,000 | 83,000 | 111,000 | 127,000 | 11,000 | 1,284,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 13,000 | 0 | 0 | 0 | 0 | 0 | 25,000 | 25,000 | 25,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,738,000 | 2,913,000 | 4,340,000 | 651,000 | 0 | 0 |
| Total Fixed Assets | 49,000 | 29,000 | 41,000 | 57,000 | 65,000 | 76,000 | 40,000 | 51,000 | 3,813,000 | 2,996,000 | 4,451,000 | 778,000 | 11,000 | 1,284,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,113,000 | 19,832,000 | 27,805,000 | 34,899,000 | 54,819,000 | 38,140,000 | 35,418,000 | 25,259,000 | 22,145,000 | 26,412,000 | 20,012,000 | 27,358,000 | 25,390,000 | 18,969,000 |
| Group Debtors | 0 | 1,522,000 | 15,729,000 | 4,547,000 | 3,348,000 | 77,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 16,753,000 | 12,453,000 | 9,407,000 | 16,529,000 | 9,994,000 | 3,329,000 | 1,275,000 | 601,000 | 897,000 | 1,360,000 | 9,447,000 | 581,000 | 3,588,000 | 2,439,000 |
| Cash | 16,219,000 | 5,717,000 | 2,573,000 | 12,000 | 1,371,000 | 36,000 | 2,912,000 | 2,017,000 | 6,118,000 | 2,415,000 | 5,912,000 | 6,040,000 | 4,891,000 | 9,660,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 268,000 | 1,061,000 |
| total current assets | 39,085,000 | 39,524,000 | 55,514,000 | 55,987,000 | 69,532,000 | 41,582,000 | 39,605,000 | 27,877,000 | 29,160,000 | 30,187,000 | 35,371,000 | 33,979,000 | 34,137,000 | 32,129,000 |
| total assets | 39,134,000 | 39,553,000 | 55,555,000 | 56,044,000 | 69,597,000 | 41,658,000 | 39,645,000 | 27,928,000 | 32,973,000 | 33,183,000 | 39,822,000 | 34,757,000 | 34,148,000 | 33,413,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,857,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 12,991,000 | 12,105,000 | 9,945,000 | 5,609,000 | 6,897,000 | 6,940,000 | 6,201,000 | 2,242,000 | 5,522,000 | 3,179,000 | 3,066,000 | 11,262,000 | 10,847,000 | 3,277,000 |
| Group/Directors Accounts | 2,616,000 | 0 | 0 | 0 | 0 | 0 | 1,723,000 | 2,000,000 | 6,000,000 | 779,000 | 2,861,000 | 0 | 1,800,000 | 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 | 10,224,000 | 16,087,000 | 28,410,000 | 39,222,000 | 50,300,000 | 23,768,000 | 22,615,000 | 13,053,000 | 13,586,000 | 20,423,000 | 25,022,000 | 17,680,000 | 17,059,000 | 13,510,000 |
| total current liabilities | 25,831,000 | 28,192,000 | 38,355,000 | 44,831,000 | 57,197,000 | 30,708,000 | 30,539,000 | 17,295,000 | 25,108,000 | 24,381,000 | 30,949,000 | 28,942,000 | 29,706,000 | 28,644,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,939,000 | 1,939,000 | 0 | 0 | 0 |
| hp & lease commitments | 6,370,000 | 3,357,000 | 8,010,000 | 2,288,000 | 3,100,000 | 2,674,000 | 0 | 1,882,000 | 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 | 25,000 | 0 | 3,000 | 0 | 0 | 0 | 2,157,000 | 0 | 1,332,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 27,000 | 704,000 | 725,000 | 385,000 | 743,000 | 627,000 | 467,000 | 296,000 | 453,000 | 414,000 | 246,000 | 54,000 | 72,000 |
| total long term liabilities | 6,395,000 | 3,384,000 | 8,717,000 | 3,013,000 | 3,485,000 | 3,417,000 | 2,784,000 | 2,349,000 | 1,628,000 | 2,392,000 | 2,353,000 | 246,000 | 54,000 | 72,000 |
| total liabilities | 32,226,000 | 31,576,000 | 47,072,000 | 47,844,000 | 60,682,000 | 34,125,000 | 33,323,000 | 19,644,000 | 26,736,000 | 26,773,000 | 33,302,000 | 29,188,000 | 29,760,000 | 28,716,000 |
| net assets | 6,908,000 | 7,977,000 | 8,483,000 | 8,200,000 | 8,915,000 | 7,533,000 | 6,322,000 | 8,284,000 | 6,237,000 | 6,410,000 | 6,520,000 | 5,569,000 | 4,388,000 | 4,697,000 |
| total shareholders funds | 6,908,000 | 7,977,000 | 8,483,000 | 8,200,000 | 8,915,000 | 7,533,000 | 6,322,000 | 8,284,000 | 6,237,000 | 6,410,000 | 6,520,000 | 5,569,000 | 4,388,000 | 4,697,000 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,203,000 | -448,000 | 173,000 | 1,626,000 | 3,105,000 | 2,260,000 | 913,000 | 2,742,000 | 81,000 | 578,000 | 3,735,000 | 1,636,000 | 855,000 | 1,395,000 |
| Depreciation | 0 | 0 | 27,000 | 26,000 | 24,000 | 12,000 | 27,000 | 31,000 | 33,000 | 35,000 | 30,000 | 15,000 | 18,000 | 28,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 260,000 | 8,000 | 98,000 | -321,000 | -561,000 | -415,000 | -177,000 | -528,000 | -99,000 | 141,000 | -928,000 | -450,000 | -207,000 | -430,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,941,000 | -19,134,000 | -3,034,000 | -12,186,000 | 26,615,000 | 4,853,000 | 10,833,000 | -920,000 | -3,905,000 | -3,114,000 | 5,209,000 | -388,000 | 7,570,000 | 21,408,000 |
| Creditors | 886,000 | 2,160,000 | 4,336,000 | -1,288,000 | -43,000 | 739,000 | 3,959,000 | -3,280,000 | 2,343,000 | 113,000 | -8,196,000 | 415,000 | 7,570,000 | 3,277,000 |
| Accruals and Deferred Income | -5,863,000 | -12,323,000 | -10,812,000 | -11,078,000 | 26,532,000 | 1,153,000 | 9,562,000 | -533,000 | -6,837,000 | -4,599,000 | 7,342,000 | 621,000 | 3,549,000 | 13,510,000 |
| Deferred Taxes & Provisions | -27,000 | -677,000 | -21,000 | 340,000 | -358,000 | 116,000 | 160,000 | 171,000 | -157,000 | 39,000 | 168,000 | 192,000 | -18,000 | 72,000 |
| Cash flow from operations | 4,994,000 | 7,854,000 | -3,165,000 | 1,491,000 | 2,084,000 | -988,000 | 3,611,000 | -477,000 | -731,000 | -579,000 | -3,058,000 | 2,817,000 | 4,197,000 | -3,556,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -7,000 | -525,000 | ||||||||||||
| Change in Investments | 13,000 | 0 | 0 | 0 | 0 | -25,000 | 0 | 0 | 25,000 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -7,000 | -550,000 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,616,000 | 0 | 0 | 0 | 0 | -1,723,000 | -277,000 | -4,000,000 | 5,221,000 | -2,082,000 | 2,861,000 | -1,800,000 | 1,800,000 | 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 | -1,939,000 | 0 | 1,939,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 3,013,000 | -4,653,000 | 5,722,000 | -812,000 | 426,000 | 2,674,000 | -1,882,000 | 1,882,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 25,000 | -3,000 | 3,000 | 0 | 0 | -2,157,000 | 2,157,000 | -1,332,000 | 1,332,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -126,000 | -66,000 | 12,000 | -20,000 | -162,000 | -134,000 | -118,000 | -167,000 | -164,000 | -229,000 | -60,000 | -5,000 | -33,000 | -41,000 |
| cash flow from financing | 5,528,000 | -4,722,000 | 5,737,000 | -832,000 | 264,000 | -1,340,000 | -120,000 | -3,617,000 | 4,459,000 | -1,211,000 | 4,740,000 | -1,805,000 | 1,767,000 | 9,279,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 10,502,000 | 3,144,000 | 2,561,000 | -1,359,000 | 1,335,000 | -2,876,000 | 895,000 | -4,101,000 | 3,703,000 | -3,497,000 | -128,000 | 1,149,000 | -4,769,000 | 9,660,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,857,000 | 11,857,000 |
| change in cash | 10,502,000 | 3,144,000 | 2,561,000 | -1,359,000 | 1,335,000 | -2,876,000 | 895,000 | -4,101,000 | 3,703,000 | -3,497,000 | -128,000 | 1,149,000 | 7,088,000 | -2,197,000 |
econocom limited Credit Report and Business Information
Econocom Limited Competitor Analysis
Perform a competitor analysis for econocom limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC4R area or any other competitors across 12 key performance metrics.
econocom limited Ownership
ECONOCOM LIMITED group structure
Econocom Limited has 1 subsidiary company.
Ultimate parent company
ECONOCOM GROUP SANV
#0007518
1 parent
ECONOCOM LIMITED
03517197
1 subsidiary
econocom limited directors
Econocom Limited currently has 2 directors. The longest serving directors include Mr Sebastien Cabau (Oct 2022) and Mr Julien De Sousa (Sep 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sebastien Cabau | England | 47 years | Oct 2022 | - | Director |
| Mr Julien De Sousa | England | 36 years | Sep 2024 | - | Director |
P&L
December 2022turnover
22.5m
-28%
operating profit
-1.2m
+169%
gross margin
10.8%
-15.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.9m
-0.13%
total assets
39.1m
-0.01%
cash
16.2m
+1.84%
net assets
Total assets minus all liabilities
econocom limited company details
company number
03517197
Type
Private limited with Share Capital
industry
77330 - Renting and leasing of office machinery and equipment (including computers)
incorporation date
February 1998
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
econocom plc (November 2014)
ecs united kingdom plc (April 2011)
See moreaccountant
-
auditor
ERNST & YOUNG LLP
address
33 queen street, 4th floor, london, EC4R 1BR
Bank
SOCIETE GENERALE
Legal Advisor
-
econocom 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 430 charges/mortgages relating to econocom limited. Currently there are 430 open charges and 0 have been satisfied in the past.
econocom limited Companies House Filings - See Documents
| date | description | view/download |
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