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Economic Development Corporation Limited

04375639

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

THE COUNTING HOUSE WATLING LANE, DUNMOW, CM6 2QY
Incorporated 18/02/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

94990
Activities of other membership organisations

Officers

Mr Mitchell Dennis Herber

director · Since 15/01/2003

DESIGNER

BRITISH · ENGLAND · Age 66

Also on 5 other boards

Mrs Kathleen Mary Mandel

director · Since 04/02/2021

COMMERCIAL DIRECTOR

BRITISH · ENGLAND · Age 82

Persons with Significant Control

Mitchell Dennis Herber

75–100% shares
75–100% votes
Appoint directors

British · England · Age 66

The Counting House, Watling Lane, Dunmow, CM6 2QY

Notified 15/11/2025

Former PSCs

Mr Mitchell Dennis Herber

Ceased 04/02/2021

Mrs Kathleen Mary Mandel

Ceased 15/11/2025

CompanyRankvs 4025+ SIC 94990 peers
51

Financial strength3th percentile among SIC peers · 1/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 82.92× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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4025Economic Development Corporation Limited
51
How is this score calculated?
Financial strength1/25 pts

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

Employees0/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 28/02/2025

Net Worth

-£72k

Balance sheet strength

Cash

£139k

Cash in the bank

Net Current Assets

£138k

Working capital

Current Assets

£139k

Current Liabilities

£2k

Balance Sheet

Assets less current liabilities£138k
Signed by Mr Mitchell Herber Mr Mitchell Herber 02/02/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202582.92+£0
202582.92-£23k
2024298.06-£28k
20230.07—

Derived from filed accounts. Not audited figures.