
Group Structure
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Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1Registered Address
units l and l1,second floor,, 43-49 fowler road, ilford, IG6 3FF
Website
-Pomanda estimates the enterprise value of ECHO DEVELOPMENTS LTD at £1.9m based on a Turnover of £1.4m and 1.39x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ECHO DEVELOPMENTS LTD at £89.2k based on an EBITDA of £24.5k and a 3.64x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of ECHO DEVELOPMENTS LTD at £275.7k based on Net Assets of £136.2k and 2.03x industry multiple (adjusted for liquidity).
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Echo Developments Ltd is a live company located in ilford, IG6 3FF with a Companies House number of 10788486. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2017, it's largest shareholder is naeem aslam with a 100% stake. Echo Developments Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
Pomanda's financial health check has awarded Echo Developments Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.6m)
- Echo Developments Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (7.3%)
- Echo Developments Ltd
7.3% - Industry AVG
Production
with a gross margin of 24.3%, this company has a higher cost of product (55.2%)
- Echo Developments Ltd
55.2% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (17.3%)
- Echo Developments Ltd
17.3% - Industry AVG
Employees
with 4 employees, this is below the industry average (14)
- Echo Developments Ltd
14 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Echo Developments Ltd
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £339.6k, this is more efficient (£174k)
- Echo Developments Ltd
£174k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (35 days)
- Echo Developments Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (34 days)
- Echo Developments Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Echo Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Echo Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.6%, this is a higher level of debt than the average (65%)
88.6% - Echo Developments Ltd
65% - Industry AVG
Echo Developments Ltd's latest turnover from May 2024 is estimated at £1.4 million and the company has net assets of £136.2 thousand. According to their latest financial statements, we estimate that Echo Developments Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
---|---|---|---|---|---|---|---|
Turnover | 24,312 | ||||||
Other Income Or Grants | |||||||
Cost Of Sales | |||||||
Gross Profit | 24,312 | ||||||
Admin Expenses | 4,048 | ||||||
Operating Profit | 20,264 | ||||||
Interest Payable | |||||||
Interest Receivable | |||||||
Pre-Tax Profit | 20,264 | ||||||
Tax | -3,850 | ||||||
Profit After Tax | 16,414 | ||||||
Dividends Paid | 5,000 | ||||||
Retained Profit | 11,414 | ||||||
Employee Costs | 1,660 | ||||||
Number Of Employees | |||||||
EBITDA* | 20,264 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 825,000 | 825,000 | 675,000 | 525,000 | 516,339 | 516,339 | 533,133 |
Intangible Assets | |||||||
Investments & Other | |||||||
Debtors (Due After 1 year) | |||||||
Total Fixed Assets | 825,000 | 825,000 | 675,000 | 525,000 | 516,339 | 516,339 | 533,133 |
Stock & work in progress | |||||||
Trade Debtors | 372,861 | 414,826 | 762,939 | 875,030 | 435,034 | 225,262 | |
Group Debtors | |||||||
Misc Debtors | |||||||
Cash | 89 | ||||||
misc current assets | |||||||
total current assets | 372,861 | 414,826 | 762,939 | 875,030 | 435,034 | 225,262 | 89 |
total assets | 1,197,861 | 1,239,826 | 1,437,939 | 1,400,030 | 951,373 | 741,601 | 533,222 |
Bank overdraft | 100,000 | ||||||
Bank loan | |||||||
Trade Creditors | 22,003 | 17,143 | 52,340 | 44,744 | 161,054 | 153,811 | |
Group/Directors Accounts | |||||||
other short term finances | |||||||
hp & lease commitments | |||||||
other current liabilities | 421,806 | ||||||
total current liabilities | 22,003 | 17,143 | 52,340 | 44,744 | 161,054 | 153,811 | 521,806 |
loans | |||||||
hp & lease commitments | |||||||
Accruals and Deferred Income | 1,200 | ||||||
other liabilities | 1,002,197 | 1,067,409 | 1,399,645 | 1,364,337 | 796,130 | 591,534 | |
provisions | 37,500 | 37,500 | |||||
total long term liabilities | 1,039,697 | 1,104,909 | 1,399,645 | 1,364,337 | 796,130 | 592,734 | |
total liabilities | 1,061,700 | 1,122,052 | 1,451,985 | 1,409,081 | 957,184 | 746,545 | 521,806 |
net assets | 136,161 | 117,774 | -14,046 | -9,051 | -5,811 | -4,944 | 11,416 |
total shareholders funds | 136,161 | 117,774 | -14,046 | -9,051 | -5,811 | -4,944 | 11,416 |
May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | 20,264 | ||||||
Depreciation | |||||||
Amortisation | |||||||
Tax | -3,850 | ||||||
Stock | |||||||
Debtors | -41,965 | -348,113 | -112,091 | 439,996 | 209,772 | 225,262 | |
Creditors | 4,860 | -35,197 | 7,596 | -116,310 | 7,243 | 153,811 | |
Accruals and Deferred Income | -1,200 | -420,606 | 421,806 | ||||
Deferred Taxes & Provisions | 37,500 | ||||||
Cash flow from operations | 438,220 | ||||||
Investing Activities | |||||||
capital expenditure | |||||||
Change in Investments | |||||||
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | |||||||
Group/Directors Accounts | |||||||
Other Short Term Loans | |||||||
Long term loans | |||||||
Hire Purchase and Lease Commitments | |||||||
other long term liabilities | -65,212 | -332,236 | 35,308 | 568,207 | 204,596 | 591,534 | |
share issue | |||||||
interest | |||||||
cash flow from financing | |||||||
cash and cash equivalents | |||||||
cash | -89 | 89 | |||||
overdraft | -100,000 | 100,000 | |||||
change in cash | 99,911 | -99,911 |
Perform a competitor analysis for echo developments ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in IG6 area or any other competitors across 12 key performance metrics.
ECHO DEVELOPMENTS LTD group structure
Echo Developments Ltd has no subsidiary companies.
Ultimate parent company
ECHO DEVELOPMENTS LTD
10788486
Echo Developments Ltd currently has 1 director, Dr Naeem Aslam serving since Jun 2022.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Dr Naeem Aslam | United Kingdom | 46 years | Jun 2022 | - | Director |
P&L
May 2024turnover
1.4m
-2%
operating profit
24.5k
0%
gross margin
24.3%
+2.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
136.2k
+0.16%
total assets
1.2m
-0.03%
cash
0
0%
net assets
Total assets minus all liabilities
company number
10788486
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.
82990 - Other business support service activities n.e.c.
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
units l and l1,second floor,, 43-49 fowler road, ilford, IG6 3FF
Bank
-
Legal Advisor
-
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 3 charges/mortgages relating to echo developments ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
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 ECHO DEVELOPMENTS LTD. This can take several minutes, an email will notify you when this has completed.
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