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Econ Restaurants Limited

03956144

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

ARKLE HOUSE, CARLISLE, CA1 1BJ
Incorporated 24/03/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56102
Unlicensed restaurants and cafes

Officers

David Duncan

secretary · Since 24/03/2000

RESTAURANTEUR

BRITISH · UNITED KINGDOM · Age 68

Also on 3 other boards

David Duncan

director · Since 24/03/2000

RESTAURANTEUR

BRITISH · UNITED KINGDOM · Age 68

Also on 3 other boards

Persons with Significant Control

Mr David Duncan

75–100% shares

British · Wales · Age 68

Arkle House, Lonsdale Street, Carlisle, CA1 1BJ

Notified 06/04/2016

Former PSCs

Mr Nicholas James Pennington

Ceased 31/03/2018

Charges0 outstanding

charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/09/2012Registered 02/10/2012Satisfied 31/01/2018

CompanyRankvs 334+ SIC 56102 peers
72

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.1× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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334Econ Restaurants Limited
82
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£26.1M

Annual revenue

Net Worth

£1.3M

Balance sheet strength

Cash

£539k

Cash in the bank

Profit Before Tax

£363k

Bottom line earnings

Net Current Assets

£546k

Working capital

Current Assets

£6.1M

Current Liabilities

£5.5M

Fixed Assets

£2.4M

Debtors

£5.4M

Cost of Sales

£9.3M

Gross Profit

£16.9M

Admin Expenses

£16.4M

Operating Profit

£480k

Profit After Tax

£263k

459avg. employees

Tax at Year End

Corp tax£613k
Dividends paid£720k

Director Loans

Directors owe company£3.3M

People Costs

Wages & salaries£6.1M
NI contributions£357k

Balance Sheet

Intangible assets£146k
Assets less current liabilities£2.9M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent Ratio
20241.10

Derived from filed accounts. Not audited figures.