Pomanda estimates the enterprise value of ECONOMOVE LIMITED at £191.9k based on a Turnover of £460.1k and 0.42x industry multiple (adjusted for size and gross margin).
economove limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of ECONOMOVE LIMITED at £0 based on an EBITDA of £-18.3k and a 3.13x industry multiple (adjusted for size and gross margin).
economove limitedEstimated Valuation
£537.4k
Pomanda estimates the enterprise value of ECONOMOVE LIMITED at £537.4k based on Net Assets of £240.8k and 2.23x industry multiple (adjusted for liquidity).
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Economove LimitedOverview
Economove Limited is a live company located in middlesbrough, TS2 1RT with a Companies House number of 04082387. It operates in the freight transport by road sector, SIC Code 49410. Founded in October 2000, it's largest shareholder is
meco (site services) limited
with a 50% stake. Economove Limited is a mature,
micro sized company, Pomanda has estimated its turnover at
£460.1k with
declining
growth in recent years.
Pomanda's financial health check has awarded Economove Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
1 Strong
4 Regular
6 Weak
Size
annual sales of £460.1k, make it smaller than the average company (£10.8m)
£460.1k - Economove Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (6.7%)
-11% - Economove Limited
6.7% - Industry AVG
Production
with a gross margin of 21.1%, this company has a comparable cost of product (21.1%)
21.1% - Economove Limited
21.1% - Industry AVG
Profitability
an operating margin of -9.3% make it less profitable than the average company (5.4%)
-9.3% - Economove Limited
5.4% - Industry AVG
Employees
with 4 employees, this is below the industry average (66)
4 - Economove Limited
66 - Industry AVG
Pay Structure
on an average salary of £38.9k, the company has an equivalent pay structure (£38.9k)
£38.9k - Economove Limited
£38.9k - Industry AVG
Efficiency
resulting in sales per employee of £115k, this is less efficient (£135.6k)
£115k - Economove Limited
£135.6k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (56 days)
60 days - Economove Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (32 days)
38 days - Economove Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Economove Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Economove Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.2%, this is a similar level of debt than the average (62.5%)
66.2% - Economove Limited
62.5% - Industry AVG
ECONOMOVE LIMITED financials
EXPORT
Economove Limited's latest turnover from December 2022 is estimated at £460.1 thousand and the company has net assets of £240.8 thousand. According to their latest financial statements, Economove Limited has 4 employees and maintains cash reserves of £5 thousand 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
460,073
580,055
525,528
656,415
826,707
540,440
779,589
913,886
561,420
276,926
221,201
251,318
186,933
293,955
Other Income Or Grants
Cost Of Sales
363,126
458,418
420,179
527,377
666,794
432,268
621,786
740,969
457,285
227,237
181,535
204,586
148,688
Gross Profit
96,947
121,637
105,349
129,038
159,913
108,172
157,803
172,918
104,135
49,689
39,666
46,732
38,245
Admin Expenses
139,900
135,667
327,777
97,954
91,413
839
-5,686
100,134
48,795
39,615
60,373
91,596
41,842
-256,045
Operating Profit
-42,953
-14,030
-222,428
31,084
68,500
107,333
163,489
72,784
55,340
10,074
-20,707
-44,864
-3,597
256,045
Interest Payable
3,921
3,003
1,525
162
156
24
82
139
82
Interest Receivable
1,736
400
150
438
1,117
940
291
463
325
288
168
118
192
97
Pre-Tax Profit
-45,138
-16,633
-223,803
31,522
69,617
108,111
163,624
73,248
55,665
10,338
-20,620
-44,885
-3,487
256,142
Tax
-5,989
-13,227
-20,541
-32,725
-14,649
-11,690
-2,378
-71,720
Profit After Tax
-45,138
-16,633
-223,803
25,533
56,390
87,570
130,899
58,598
43,975
7,960
-20,620
-44,885
-3,487
184,422
Dividends Paid
Retained Profit
-45,138
-16,633
-223,803
25,533
56,390
87,570
130,899
58,598
43,975
7,960
-20,620
-44,885
-3,487
184,422
Employee Costs
155,542
324,795
310,240
308,688
370,273
325,995
321,760
252,407
152,076
89,756
59,140
87,065
57,198
Number Of Employees
4
9
9
9
11
10
10
8
5
3
2
3
2
EBITDA*
-18,284
44,321
-138,982
127,635
144,443
156,754
194,726
86,993
63,803
19,882
-5,701
1,964
35,347
299,131
* 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
235,733
260,402
306,428
457,227
450,077
336,991
280,450
123,838
81,569
67,109
57,768
162,876
169,700
207,062
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
235,733
260,402
306,428
457,227
450,077
336,991
280,450
123,838
81,569
67,109
57,768
162,876
169,700
207,062
Stock & work in progress
300
300
260
260
260
Trade Debtors
76,362
94,421
77,173
98,094
163,933
74,244
161,688
137,978
94,739
49,252
62,729
71,123
52,203
37,251
Group Debtors
382,330
390,426
Misc Debtors
12,876
8,179
39,634
277,500
196,270
35,275
31,348
27
18,086
3,074
Cash
4,952
94,246
225,700
74,967
41,888
256,094
120,000
112,678
72,573
57,242
58,023
9,199
37,995
38,653
misc current assets
total current assets
476,520
587,272
342,507
450,561
402,091
365,613
313,036
250,656
167,312
106,794
121,079
80,582
108,544
79,238
total assets
712,253
847,674
648,935
907,788
852,168
702,604
593,486
374,494
248,881
173,903
178,847
243,458
278,244
286,300
Bank overdraft
9,648
9,648
4,979
Bank loan
748
1,760
2,526
Trade Creditors
37,934
11,452
4,322
33,467
11,219
7,067
11,791
117,328
65,722
36,473
4,478
8,058
5,834
18,935
Group/Directors Accounts
other short term finances
hp & lease commitments
70,280
65,130
69,228
84,665
72,491
54,485
41,083
other current liabilities
47,603
84,935
109,826
55,225
52,195
124,686
132,163
48,026
28,318
32,480
total current liabilities
165,465
171,165
183,376
173,357
135,905
186,238
190,016
117,328
65,722
36,473
53,252
38,136
40,840
18,935
loans
26,821
36,437
50,000
hp & lease commitments
234,395
304,675
113,005
208,074
215,439
71,932
46,606
10,163
67,204
56,467
82,941
Accruals and Deferred Income
other liabilities
31,201
15,792
14,038
2,066
provisions
44,789
49,476
total long term liabilities
306,005
390,588
163,005
208,074
215,439
71,932
46,606
31,201
15,792
14,038
10,163
69,270
56,467
82,941
total liabilities
471,470
561,753
346,381
381,431
351,344
258,170
236,622
148,529
81,514
50,511
63,415
107,406
97,307
101,876
net assets
240,783
285,921
302,554
526,357
500,824
444,434
356,864
225,965
167,367
123,392
115,432
136,052
180,937
184,424
total shareholders funds
240,783
285,921
302,554
526,357
500,824
444,434
356,864
225,965
167,367
123,392
115,432
136,052
180,937
184,424
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
-42,953
-14,030
-222,428
31,084
68,500
107,333
163,489
72,784
55,340
10,074
-20,707
-44,864
-3,597
256,045
Depreciation
24,669
58,351
83,446
96,551
75,943
49,421
31,237
14,209
8,463
9,808
15,006
46,828
38,944
43,086
Amortisation
Tax
-5,989
-13,227
-20,541
-32,725
-14,649
-11,690
-2,378
-71,720
Stock
-300
40
260
Debtors
-21,458
376,219
-258,787
15,391
250,684
-83,517
55,058
43,239
45,487
-13,504
-8,367
834
29,964
40,325
Creditors
26,482
7,130
-29,145
22,248
4,152
-4,724
-105,537
51,606
29,249
31,995
-3,580
2,224
-13,101
18,935
Accruals and Deferred Income
-37,332
-24,891
54,601
3,030
-72,491
-7,477
132,163
-48,026
19,708
-4,162
32,480
Deferred Taxes & Provisions
-4,687
49,476
Cash flow from operations
-12,363
-300,183
145,261
131,533
-187,807
207,529
133,569
80,711
36,175
14,977
18,754
-808
24,762
205,761
Investing Activities
capital expenditure
-12,325
67,353
-103,701
-189,029
-105,962
-187,849
-56,478
-22,923
-19,149
90,102
-40,004
-1,582
-250,148
Change in Investments
cash flow from investments
-12,325
67,353
-103,701
-189,029
-105,962
-187,849
-56,478
-22,923
-19,149
90,102
-40,004
-1,582
-250,148
Financing Activities
Bank loans
-748
-1,012
-766
2,526
Group/Directors Accounts
Other Short Term Loans
Long term loans
-9,616
-13,563
50,000
Hire Purchase and Lease Commitments
-65,130
187,572
-110,506
4,809
161,513
38,728
87,689
-10,163
-57,041
10,737
-26,474
82,941
other long term liabilities
-31,201
15,409
1,754
14,038
-2,066
2,066
share issue
2
interest
-2,185
-2,603
-1,375
438
1,117
778
135
463
325
264
86
-21
110
97
cash flow from financing
-76,931
171,406
-61,881
5,247
162,630
39,506
56,623
15,872
2,079
3,391
-60,033
12,016
-23,838
83,040
cash and cash equivalents
cash
-89,294
-131,454
150,733
33,079
-214,206
136,094
7,322
40,105
15,331
-781
48,824
-28,796
-658
38,653
overdraft
9,648
-4,979
4,979
change in cash
-89,294
-141,102
150,733
33,079
-214,206
141,073
2,343
40,105
15,331
-781
48,824
-28,796
-658
38,653
economove limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for economove limited. Get real-time insights into economove limited's credit score, group structure and payment trends.
Perform a competitor analysis for economove limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in TS2 area or any other competitors across 12 key performance metrics.
economove limited Ownership
ECONOMOVE LIMITED group structure
Economove Limited has no subsidiary companies.
Ultimate parent company
ECONOMOVE LIMITED
04082387
ECONOMOVE LIMITED Shareholders
The largest shareholders in Economove Limited include Meco (Site Services) Limited and Neil Carter Middleton.
meco (site services) limited
50%
neil carter middleton
50%
economove limited directors
Economove Limited currently has 2 directors.
The longest serving directors include
Mr Michael Lee (Nov 2021) and
Mr Neil Middleton (Nov 2021).
unit 2 river court, brighouse road, middlesbrough, TS2 1RT
Bank
-
Legal Advisor
-
economove 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 1 charges/mortgages relating to economove limited. Currently there are 0 open charges and 1 have been satisfied in the past.
economove limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for ECONOMOVE LIMITED. This can take several minutes, an email will notify you when this has completed.
economove limitedCompanies House Filings - See Documents
