Eteco Ltd

Eteco Ltd is a small, active company based in Harlow, UK, founded three years ago in December 2021. It’s a solo-founded operation with two directors, one owner (Waheed Faisal), and a single employee. The company holds £3,843 in assets and operates from a real address, though confirmation statements are overdue by three months. Eteco Ltd specializes in retail sale via mail order houses or via internet, offering custom polyurethane products and general use items.

The company’s website, Orange County Polyurethane Specialists, highlights its focus on custom polyurethane manufacturing. Eteco, Inc. caters to customers with specific needs, offering a wide range of products and services, including flexible pour foam, rigid pour foams, RIM cast elastomers, spray coatings, and packaging. The site emphasizes customer satisfaction, research and development, and troubleshooting—suggesting a focus on specialized solutions rather than mass-market products. It's clear they are operating as an ecommerce business, with a focus on B2B sales.

Financially, Eteco Ltd presents a mixed picture. While cash bank on hand increased by a significant 230% to £690, creditors decreased by 8.2% to £25,000. Current assets also saw a substantial rise of 230% to £3,800. However, the company’s equity remains negative at -£21,000, and net assets liabilities are also -£21,000. Fixed assets and intangible assets have completely disappeared, dropping 100% to zero. The company is meeting the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the accounts are unaudited.

Overall, Eteco Ltd appears to be a small startup still navigating its early stages. The increase in cash and current assets is encouraging, but the negative equity and disappearing assets suggest the company is burning through money. The lack of employees points to a lean operation, but the reliance on owner investment or external funding may be necessary to sustain growth.

Registered in England/Wales under the registration number 13804921, with a registered address at CM20 3ER, England, Harlow, 172 Ladyshot.

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