echo developments ltd

Live YoungSmallDeclining

echo developments ltd Company Information

Share ECHO DEVELOPMENTS LTD

Company Number

10788486

Directors

Naeem Aslam

Shareholders

naeem aslam

Group Structure

View All

Industry

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 ltd Estimated 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 ltd Estimated 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 ltd Estimated 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 Ltd Overview

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.

View Sample
View Sample
View Sample

Echo Developments Ltd Health Check

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 Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

8 Weak

size

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

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

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

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

Employees

with 4 employees, this is below the industry average (14)

4 - Echo Developments Ltd

14 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £339.6k, this is more efficient (£174k)

£339.6k - Echo Developments Ltd

£174k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Echo Developments Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Echo Developments Ltd

- - Industry AVG

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018
Turnover1,358,5011,381,0912,494,1232,937,4911,607,958869,35024,312
Other Income Or Grants
Cost Of Sales1,028,5811,053,4691,927,6092,299,2771,231,922670,128
Gross Profit329,921327,622566,513638,214376,036199,22324,312
Admin Expenses305,405151,862571,508641,454376,903212,2064,048
Operating Profit24,516175,760-4,995-3,240-867-12,98320,264
Interest Payable3,3753,250
Interest Receivable
Pre-Tax Profit24,516175,760-4,995-3,240-867-16,35820,264
Tax-6,129-43,940-3,850
Profit After Tax18,387131,820-4,995-3,240-867-16,35816,414
Dividends Paid5,000
Retained Profit18,387131,820-4,995-3,240-867-16,35811,414
Employee Costs168,402158,628265,636316,230175,756103,6681,660
Number Of Employees4479531
EBITDA*24,516175,760-4,995-3,240-867-12,98320,264

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018
Tangible Assets825,000825,000675,000525,000516,339516,339533,133
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets825,000825,000675,000525,000516,339516,339533,133
Stock & work in progress
Trade Debtors372,861414,826762,939875,030435,034225,262
Group Debtors
Misc Debtors
Cash89
misc current assets
total current assets372,861414,826762,939875,030435,034225,26289
total assets1,197,8611,239,8261,437,9391,400,030951,373741,601533,222
Bank overdraft100,000
Bank loan
Trade Creditors 22,00317,14352,34044,744161,054153,811
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities421,806
total current liabilities22,00317,14352,34044,744161,054153,811521,806
loans
hp & lease commitments
Accruals and Deferred Income1,200
other liabilities1,002,1971,067,4091,399,6451,364,337796,130591,534
provisions37,50037,500
total long term liabilities1,039,6971,104,9091,399,6451,364,337796,130592,734
total liabilities1,061,7001,122,0521,451,9851,409,081957,184746,545521,806
net assets136,161117,774-14,046-9,051-5,811-4,94411,416
total shareholders funds136,161117,774-14,046-9,051-5,811-4,94411,416
May 2024May 2023May 2022May 2021May 2020May 2019May 2018
Operating Activities
Operating Profit24,516175,760-4,995-3,240-867-12,98320,264
Depreciation
Amortisation
Tax-6,129-43,940-3,850
Stock
Debtors-41,965-348,113-112,091439,996209,772225,262
Creditors4,860-35,1977,596-116,3107,243153,811
Accruals and Deferred Income-1,200-420,606421,806
Deferred Taxes & Provisions37,500
Cash flow from operations65,212482,236114,692-559,546-204,596-505,040438,220
Investing Activities
capital expenditure-150,000-150,000-8,66116,794-533,133
Change in Investments
cash flow from investments-150,000-150,000-8,66116,794-533,133
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-65,212-332,23635,308568,207204,596591,534
share issue-22
interest-3,375-3,250
cash flow from financing-65,212-332,23635,308568,207204,596588,157-3,248
cash and cash equivalents
cash-8989
overdraft-100,000100,000
change in cash99,911-99,911

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.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Echo Developments Ltd Competitor Analysis

competitor_analysis_table_img

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

naeem aslam 100%

echo developments ltd directors

Echo Developments Ltd currently has 1 director, Dr Naeem Aslam serving since Jun 2022.

officercountryagestartendrole
Dr Naeem AslamUnited Kingdom46 years Jun 2022- Director

P&L

May 2024

turnover

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 2024

net assets

136.2k

+0.16%

total assets

1.2m

-0.03%

cash

0

0%

net assets

Total assets minus all liabilities

echo developments ltd company details

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

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 ltd Companies House Filings - See Documents

datedescriptionview/download