Discover Echo Uk Ltd

Discover Echo Uk Ltd, based in Ascot, UK, is a small, active company established six years ago in February 2019. With two employees and £560,680 in assets, it operates from a virtual address – a detail worth noting as twenty-eight companies share the same location. The business is led by two directors, although no owners are officially listed. It’s a regular importer of optical and medical tools and devices, having imported for 50 months, with the latest import occurring in December 2024. It also exports these items, though only for one month, with the last export also in December 2024. The company operates within the “other professional, scientific and technical activities n.e.c.” industries.

The company’s website is currently unavailable, making it difficult to determine the specifics of its operations beyond the import/export activities. Without a website, it’s impossible to know if Discover Echo Uk Ltd engages in e-commerce or operates as a business-to-business supplier.

Financially, Discover Echo Uk Ltd presents a mixed picture. Current assets have decreased by 11%, settling at £560,000. Bank borrowings have increased significantly by 150%, reaching £29,000. Creditors have also risen by 150%, reaching £56,000. Equity has decreased by 8.5%, settling at -£380,000. Cash reserves have fallen by 19%, reaching £230,000. The company meets the criteria for being a small company – its turnover is under £10.2 million, its balance sheet total is under £5.1 million, and it has fewer than 50 employees. The accounts are audited, and the audit firm is Kirk Rice LLP. The company’s depreciation charge for property, plant, and equipment has increased by 50%, and the increase from depreciation charge for property, plant, and equipment has remained constant.

While the company’s assets are substantial, the negative equity and rising debts suggest it’s burning through cash. The increase in bank borrowings is concerning, indicating a need for external funding. However, the decrease in creditors suggests some improvement in managing short-term liabilities. It’s possible the company is investing in growth, but careful monitoring of its cash flow is essential.

Registered in England/Wales under the registration number 11808844, with a registered address at SL5 7HP, England, Ascot, Berkshire, The Courtyard, High Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.