Econocom Limited

Econocom Ltd, based in London, UK, is a sizable holding company with an active status, having been incorporated 27 years ago in 1998. Employing 23 people, the company boasts assets of £16,649,000 and a yearly revenue of £18,621,000. It’s managed by two directors and has one owner, with a Google rating of 3.0 based on 12 reviews. The company regularly imports machinery, boilers, and mechanical appliances, parts (for four months), and occasionally exports similar items (for two months).

Econocom operates as a digital transformation partner, providing equipment financing services and solutions. Its website highlights a broad range of services, from equipment leasing and financing to asset management and circular economy initiatives. The company emphasizes its role as a “digital general contractor,” carrying out complex digital projects for businesses and public organizations. It also has a strong focus on sustainability, promoting a circular economy and reducing carbon footprint.

Financially, Econocom’s picture is mixed. While revenue remained steady, current assets dropped significantly by 57%, from £39 million to £17 million. Debtor levels increased, suggesting a need to manage cash flow. However, creditors also decreased substantially, indicating improved debt management. The company’s equity has also declined, from £8 million to £5.1 million. The audit firm Ernst & Young LLP didn't mention any issues. The company’s large size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market, and the decline in assets warrants further investigation, but the company’s focus on digital transformation and sustainable practices positions it for future growth.

Registered in England/Wales under the registration number 03517197, with a registered address at EC4R 1BR, England, London, 33 Queen Street, 4th Floor.

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