Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Registered Address
hudson house 8 albany street, edinburgh, midlothian, EH1 3QB
Website
-
econverte ltdEstimated Valuation
£586.9k
Pomanda estimates the enterprise value of ECONVERTE LTD at £586.9k based on a Turnover of £1.2m and 0.48x industry multiple (adjusted for size and gross margin).
econverte ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of ECONVERTE LTD at £0 based on an EBITDA of £-637.2k and a 3.29x industry multiple (adjusted for size and gross margin).
econverte ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of ECONVERTE LTD at £0 based on Net Assets of £-945.7k and 2.24x industry multiple (adjusted for liquidity).
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Econverte LtdOverview
Econverte Ltd is a dissolved company that was located in midlothian, EH1 3QB with a Companies House number of SC389106. It operated in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in November 2010, it's largest shareholder was
grace wallace-o'brien
with a 90% stake. The last turnover for Econverte Ltd was estimated at £1.2m.
Pomanda's financial health check has awarded Econverte Ltd a 3 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
Health Rating3out of 5
4 Strong
1 Regular
6 Weak
Size
annual sales of £1.2m, make it larger than the average company (£506k)
£1.2m - Econverte Ltd
£506k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Econverte Ltd
- - Industry AVG
Production
with a gross margin of 28.2%, this company has a higher cost of product (52.6%)
28.2% - Econverte Ltd
52.6% - Industry AVG
Profitability
an operating margin of -52.9% make it less profitable than the average company (11.3%)
-52.9% - Econverte Ltd
11.3% - Industry AVG
Employees
with 7 employees, this is below the industry average (29)
7 - Econverte Ltd
29 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£38.3k)
£38.3k - Econverte Ltd
£38.3k - Industry AVG
Efficiency
resulting in sales per employee of £174.6k, this is more efficient (£101k)
£174.6k - Econverte Ltd
£101k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (47 days)
22 days - Econverte Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 657 days, this is slower than average (37 days)
657 days - Econverte Ltd
37 days - Industry AVG
Stock Days
it holds stock equivalent to 210 days, this is more than average (25 days)
210 days - Econverte Ltd
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (36 weeks)
0 weeks - Econverte Ltd
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 249%, this is a higher level of debt than the average (57.8%)
249% - Econverte Ltd
57.8% - Industry AVG
ECONVERTE LTD financials
EXPORT
Econverte Ltd's latest turnover from March 2013 is estimated at £1.2 million and the company has net assets of -£945.7 thousand. According to their latest financial statements, we estimate that Econverte Ltd has 7 employees and maintains cash reserves of £19 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2013
Mar 2012
Turnover
1,222,132
380,758
Other Income Or Grants
Cost Of Sales
877,731
269,119
Gross Profit
344,401
111,640
Admin Expenses
990,710
411,532
Operating Profit
-646,309
-299,892
Interest Payable
Interest Receivable
249
202
Pre-Tax Profit
-646,060
-299,690
Tax
Profit After Tax
-646,060
-299,690
Dividends Paid
Retained Profit
-646,060
-299,690
Employee Costs
267,916
112,751
Number Of Employees
7
3
EBITDA*
-637,225
-299,892
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2013
Mar 2012
Tangible Assets
33,571
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
33,571
Stock & work in progress
506,170
Trade Debtors
75,769
35,462
Group Debtors
Misc Debtors
Cash
18,986
80,763
misc current assets
total current assets
600,925
116,225
total assets
634,496
116,225
Bank overdraft
Bank loan
Trade Creditors
1,580,146
415,815
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
1,580,146
415,815
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
1,580,146
415,815
net assets
-945,650
-299,590
total shareholders funds
-945,650
-299,590
Mar 2013
Mar 2012
Operating Activities
Operating Profit
-646,309
-299,892
Depreciation
9,084
Amortisation
Tax
Stock
506,170
Debtors
40,307
35,462
Creditors
1,164,331
415,815
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-19,371
80,461
Investing Activities
capital expenditure
-42,655
Change in Investments
cash flow from investments
-42,655
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
249
202
cash flow from financing
249
302
cash and cash equivalents
cash
-61,777
80,763
overdraft
change in cash
-61,777
80,763
econverte 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 econverte ltd. Get real-time insights into econverte ltd's credit score, group structure and payment trends.
Perform a competitor analysis for econverte ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in EH1 area or any other competitors across 12 key performance metrics.
econverte ltd Ownership
ECONVERTE LTD group structure
Econverte Ltd has no subsidiary companies.
Ultimate parent company
ECONVERTE LTD
SC389106
ECONVERTE LTD Shareholders
The largest shareholders in Econverte Ltd include Grace Wallace-O'Brien and David Stephen Mcgrath.
grace wallace-o'brien
90%
david stephen mcgrath
4%
grace wallace
2%
suzanne brett
1%
coreone licensing ltd
1%
ray mcgrath & nelli shpeter
1%
richard borland
1%
econverte ltd directors
Econverte Ltd currently has 1 director, Ms Grace Wallace serving since Jun 2012.
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
November 2010
age
15
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Small
last accounts submitted
March 2013
previous names
N/A
accountant
-
auditor
-
address
hudson house 8 albany street, edinburgh, midlothian, EH1 3QB
Bank
-
Legal Advisor
-
econverte 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 did not find charges/mortgages relating to econverte ltd.
econverte 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.
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econverte ltdCompanies House Filings - See Documents
