Echo Sourcing Ltd

Echo Sourcing Ltd, based in London, UK, is a holding company with an active trading status. Established 28 years ago in 1996, the company employs 35 people and holds assets valued at £16,112,930. It has a real registered address and is managed by three directors and two owners. Google users have given it a perfect 5.0 rating based on two reviews. The company regularly imports clothing and accessories made by knitting or crocheting, with 201 months of import activity recorded, the last in January 2025. It exports these items irregularly, with just one month of export activity recorded in August 2020.

The company's website is unavailable, making it difficult to assess its online presence and sales strategy. However, financial data reveals a mixed picture. While net assets remained steady at £24 million, a significant drop in cash reserves—down 19% to £4.1 million—suggests tighter liquidity. Bank borrowings, however, increased by a substantial 90% to £7.7 million, potentially indicating investment or operational expansion. Creditors also decreased by 31%, suggesting improved debt management. The company’s turnover decreased by 69% to £4.8 million.

Despite these challenges, Echo Sourcing Ltd appears to be navigating a competitive market. The company’s focus on importing and exporting knitted and crocheted items suggests a specialized niche. The drop in cash reserves could be due to increased investment in inventory or marketing, while the rise in bank borrowings may reflect a strategic decision to fund growth. The lack of an auditor mentioned likely means the company is exempt, so the figures rely on unaudited director reports. The company’s two owners, Hamilton Para and Hassan Shafiq, are listed as directors, and the list of directors hasn't changed much over the years.

Registered in England/Wales under the registration number 03276837, with a registered address at NW1 7AN, London, 110-112 Parkway, Camden.

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