Ecodryenergy Limited

Ecodryenergy Limited, based in Daventry, UK, is a small, active company founded ten years ago. With 25 employees and £522,863 in assets, it's a modest operation led by two directors and a single owner. The company boasts a stellar 5.0 Google rating based on five reviews. It’s an irregular importer, primarily dealing in wood and wood products, with its last import activity occurring one month ago in December 2023.

The company’s activities encompass both manufacturing and retail, operating within the “other manufacturing n.e.c.” and “other retail sale of new goods in specialised stores” industries. While no website is listed, this suggests a more traditional business model, potentially focused on local sales or wholesale distribution.

Financially, Ecodryenergy Limited presents a mixed picture. While its current assets remained stable at £520,000, a slight increase, there are concerning trends. Accumulated depreciation impairment on plant and machinery has increased by 18%, and bank borrowings have surged by a staggering 690%, reaching £260,000. Cash reserves have also decreased by 46%, dropping to £79,000. Creditors have decreased by 10%, which is a positive sign. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the increased borrowing and decreased cash raise questions about its financial health. The company’s net assets have increased by 12% to £1.4 million. No auditor is mentioned, which is typical for small companies.

The company’s workforce has increased by 20%, with an average of 30 employees reported. This suggests growth, but it also means higher operational costs. The increased depreciation on plant and machinery could reflect investments in new equipment or aging assets. Overall, Ecodryenergy Limited appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 09075900, with a registered address at NN11 8YL, England, Daventry, Unit 23 Cottesbrooke Park, Heartlands Business Park.

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