ecospend technologies limited
ecospend technologies limited Company Information
Company Number
11114967
Next Accounts
Sep 2025
Shareholders
trustly uk limited
Group Structure
View All
Industry
Business and domestic software development
+1Registered Address
the wingate shaftesbury avenue, london, W1D 5DY
Website
www.ecospend.comecospend technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ECOSPEND TECHNOLOGIES LIMITED at £1.8m based on a Turnover of £2.7m and 0.67x industry multiple (adjusted for size and gross margin).
ecospend technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ECOSPEND TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-1.8m and a 3.88x industry multiple (adjusted for size and gross margin).
ecospend technologies limited Estimated Valuation
Pomanda estimates the enterprise value of ECOSPEND TECHNOLOGIES LIMITED at £74.7m based on Net Assets of £32.1m and 2.33x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ecospend Technologies Limited Overview
Ecospend Technologies Limited is a live company located in london, W1D 5DY with a Companies House number of 11114967. It operates in the business and domestic software development sector, SIC Code 62012. Founded in December 2017, it's largest shareholder is trustly uk limited with a 100% stake. Ecospend Technologies Limited is a young, small sized company, Pomanda has estimated its turnover at £2.7m with high growth in recent years.
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Ecospend Technologies Limited Health Check
Pomanda's financial health check has awarded Ecospend Technologies Limited a 3.5 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
0 Regular
6 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£5.4m)
£2.7m - Ecospend Technologies Limited
£5.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.1%)
- Ecospend Technologies Limited
8.1% - Industry AVG
Production
with a gross margin of 27%, this company has a higher cost of product (67.7%)
27% - Ecospend Technologies Limited
67.7% - Industry AVG
Profitability
an operating margin of -66.2% make it less profitable than the average company (3.9%)
-66.2% - Ecospend Technologies Limited
3.9% - Industry AVG
Employees
with 12 employees, this is below the industry average (38)
12 - Ecospend Technologies Limited
38 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Ecospend Technologies Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £225.7k, this is more efficient (£147.9k)
£225.7k - Ecospend Technologies Limited
£147.9k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (55 days)
21 days - Ecospend Technologies Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (39 days)
9 days - Ecospend Technologies Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ecospend Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Ecospend Technologies Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.5%, this is a lower level of debt than the average (60.1%)
12.5% - Ecospend Technologies Limited
60.1% - Industry AVG
ECOSPEND TECHNOLOGIES LIMITED financials
Ecospend Technologies Limited's latest turnover from December 2023 is £2.7 million and the company has net assets of £32.1 million. According to their latest financial statements, Ecospend Technologies Limited has 12 employees and maintains cash reserves of £5 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 2,708,481 | 2,099,110 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | 1,976,929 | 2,297,506 | ||||
| Gross Profit | 731,552 | -198,396 | ||||
| Admin Expenses | 2,523,665 | 232,175 | ||||
| Operating Profit | -1,792,113 | -430,571 | ||||
| Interest Payable | 2,767 | 15,858 | ||||
| Interest Receivable | ||||||
| Pre-Tax Profit | -5,912,628 | -446,429 | ||||
| Tax | ||||||
| Profit After Tax | -5,912,628 | -446,429 | ||||
| Dividends Paid | ||||||
| Retained Profit | -5,912,628 | -446,429 | ||||
| Employee Costs | ||||||
| Number Of Employees | 12 | 13 | 10 | 4 | 2 | 2 |
| EBITDA* | -1,789,695 | -425,861 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 11,713 | 14,131 | 5,732 | 15,774 | ||
| Intangible Assets | ||||||
| Investments & Other | 14,024 | 14,024 | 200 | |||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 11,713 | 28,155 | 19,756 | 15,774 | 200 | |
| Stock & work in progress | ||||||
| Trade Debtors | 161,978 | 106,035 | 110,454 | 404,840 | 397,733 | 13,596 |
| Group Debtors | 35,762,121 | |||||
| Misc Debtors | 680,691 | 2 | 221,908 | |||
| Cash | 5 | 205,218 | 29,395 | |||
| misc current assets | ||||||
| total current assets | 36,604,795 | 311,255 | 361,757 | 404,840 | 397,733 | 13,596 |
| total assets | 36,616,508 | 339,410 | 381,513 | 420,614 | 397,733 | 13,796 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 52,157 | 45,404 | 150,240 | 115,391 | 175,307 | 172,961 |
| Group/Directors Accounts | 14,024 | |||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 173,119 | 646,400 | 123,216 | |||
| total current liabilities | 225,276 | 691,804 | 287,480 | 115,391 | 175,307 | 172,961 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 40,800 | 262,000 | ||||
| provisions | 4,334,163 | |||||
| total long term liabilities | 4,334,163 | 40,800 | 262,000 | |||
| total liabilities | 4,559,439 | 691,804 | 287,480 | 115,391 | 216,107 | 434,961 |
| net assets | 32,057,069 | -352,394 | 94,033 | 305,223 | 181,626 | -421,165 |
| total shareholders funds | 32,057,069 | -352,394 | 94,033 | 305,223 | 181,626 | -421,165 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -1,792,113 | -430,571 | ||||
| Depreciation | 2,418 | 4,710 | ||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 36,498,753 | -226,325 | -72,478 | 7,107 | 384,137 | 13,596 |
| Creditors | 6,753 | -104,836 | 34,849 | -59,916 | 2,346 | 172,961 |
| Accruals and Deferred Income | -473,281 | 523,184 | 123,216 | |||
| Deferred Taxes & Provisions | 4,334,163 | |||||
| Cash flow from operations | -34,420,813 | 218,812 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -14,024 | 14,024 | -200 | 200 | ||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -14,024 | 14,024 | ||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -40,800 | -221,200 | 262,000 | |||
| share issue | ||||||
| interest | -2,767 | -15,858 | ||||
| cash flow from financing | 38,319,324 | -29,880 | ||||
| cash and cash equivalents | ||||||
| cash | -205,213 | 175,823 | 29,395 | |||
| overdraft | ||||||
| change in cash | -205,213 | 175,823 | 29,395 |
ecospend technologies limited Credit Report and Business Information
Ecospend Technologies Limited Competitor Analysis
Perform a competitor analysis for ecospend technologies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in W1D area or any other competitors across 12 key performance metrics.
ecospend technologies limited Ownership
ECOSPEND TECHNOLOGIES LIMITED group structure
Ecospend Technologies Limited has no subsidiary companies.
Ultimate parent company
TRUSTLY GROUP AB
#0112249
2 parents
ECOSPEND TECHNOLOGIES LIMITED
11114967
ecospend technologies limited directors
Ecospend Technologies Limited currently has 3 directors. The longest serving directors include Mr Jonas Palmquist (Jan 2023) and Mr Mitchell Powers (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonas Palmquist | United Kingdom | 50 years | Jan 2023 | - | Director |
| Mr Mitchell Powers | England | 38 years | May 2024 | - | Director |
| Mr Tornike Liparteliani | England | 32 years | May 2024 | - | Director |
P&L
December 2023turnover
2.7m
+29%
operating profit
-1.8m
+316%
gross margin
27.1%
-385.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
32.1m
-91.97%
total assets
36.6m
+106.88%
cash
5
-1%
net assets
Total assets minus all liabilities
ecospend technologies limited company details
company number
11114967
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
63110 - Data processing, hosting and related activities
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
the wingate shaftesbury avenue, london, W1D 5DY
Bank
-
Legal Advisor
-
ecospend technologies 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 did not find charges/mortgages relating to ecospend technologies limited.
ecospend technologies 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 ECOSPEND TECHNOLOGIES LIMITED. This can take several minutes, an email will notify you when this has completed.
ecospend technologies limited Companies House Filings - See Documents
| date | description | view/download |
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