Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1
Registered Address
units l and l1,second floor,, 43-49 fowler road, ilford, IG6 3FF
Website
-
echo developments ltdEstimated Valuation
£1.9m
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).
echo developments ltdEstimated Valuation
£89.2k
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).
echo developments ltdEstimated Valuation
£275.7k
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).
Edit your figures and get a professional valuation report.
Echo Developments LtdOverview
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
Health Rating1.5out of 5
1 Strong
1 Regular
8 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.6m)
£1.4m - 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%)
-23% - 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%)
24.3% - Echo Developments Ltd
55.2% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (17.3%)
1.8% - Echo Developments Ltd
17.3% - Industry AVG
Employees
with 4 employees, this is below the industry average (14)
4 - Echo Developments Ltd
14 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
£42.1k - Echo Developments Ltd
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £339.6k, this is more efficient (£174k)
£339.6k - Echo Developments Ltd
£174k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (35 days)
100 days - Echo Developments Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (34 days)
7 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 financials
EXPORT
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
1,358,501
1,381,091
2,494,123
2,937,491
1,607,958
869,350
24,312
Other Income Or Grants
Cost Of Sales
1,028,581
1,053,469
1,927,609
2,299,277
1,231,922
670,128
Gross Profit
329,921
327,622
566,513
638,214
376,036
199,223
24,312
Admin Expenses
305,405
151,862
571,508
641,454
376,903
212,206
4,048
Operating Profit
24,516
175,760
-4,995
-3,240
-867
-12,983
20,264
Interest Payable
3,375
3,250
Interest Receivable
Pre-Tax Profit
24,516
175,760
-4,995
-3,240
-867
-16,358
20,264
Tax
-6,129
-43,940
-3,850
Profit After Tax
18,387
131,820
-4,995
-3,240
-867
-16,358
16,414
Dividends Paid
5,000
Retained Profit
18,387
131,820
-4,995
-3,240
-867
-16,358
11,414
Employee Costs
168,402
158,628
265,636
316,230
175,756
103,668
1,660
Number Of Employees
4
4
7
9
5
3
1
EBITDA*
24,516
175,760
-4,995
-3,240
-867
-12,983
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
24,516
175,760
-4,995
-3,240
-867
-12,983
20,264
Depreciation
Amortisation
Tax
-6,129
-43,940
-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
65,212
482,236
114,692
-559,546
-204,596
-505,040
438,220
Investing Activities
capital expenditure
-150,000
-150,000
-8,661
16,794
-533,133
Change in Investments
cash flow from investments
-150,000
-150,000
-8,661
16,794
-533,133
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
-2
2
interest
-3,375
-3,250
cash flow from financing
-65,212
-332,236
35,308
568,207
204,596
588,157
-3,248
cash and cash equivalents
cash
-89
89
overdraft
-100,000
100,000
change in cash
99,911
-99,911
echo developments ltd 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 echo developments ltd. Get real-time insights into echo developments ltd's credit score, group structure and payment trends.
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 Ownership
ECHO DEVELOPMENTS LTD group structure
Echo Developments Ltd has no subsidiary companies.
Ultimate parent company
ECHO DEVELOPMENTS LTD
10788486
ECHO DEVELOPMENTS LTD Shareholders
The sole shareholder of Echo Developments Ltd is Naeem Aslam.
naeem aslam
100%
echo developments ltd directors
Echo Developments Ltd currently has 1 director, Dr Naeem Aslam serving since Jun 2022.
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
None
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
-
echo developments ltd 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 3 charges/mortgages relating to echo developments ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
echo developments ltd 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 ECHO DEVELOPMENTS LTD. This can take several minutes, an email will notify you when this has completed.
echo developments ltdCompanies House Filings - See Documents
