Economico Management Limited
06090337
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 26/11/2021
DIRECTOR
POLISH · CYPRUS · Age 49
Also on 1 other board
director · Since 01/12/2021
OFFICE ADMINISTRATOR
CYPRIOT · CYPRUS · Age 50
Also on 1 other board
Persons with Significant Control
Mr Michal Bacior
Polish · Cyprus · Age 49
Parola 1, Parekklisia, Limassol
Notified 01/06/2016
CompanyRankvs 27534+ SIC 64209 peers35
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. As of the year-end, the company's liabilities exceeded it's assets by € 10 , 182,609 (202 3 : € 9 , 472,461 ), indicating that a material uncertainty exists that may cast doubt on the comp
Key FinancialsYear ending 31/12/2024
Net Worth
-£10.2M
Balance sheet strength
Cash
£706k
Cash in the bank
Net Current Assets
-£26.2M
Working capital
Current Assets
£5.1M
Current Liabilities
£31.3M
Fixed Assets
£28.6M
Debtors
£4.4M
Tax at Year End(2022)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.16 | -£710k |
| 2023 | 0.10 | -£2.0M |
| 2022 | 0.07 | +£17k |
| 2021 | 0.07 | -£1.1M |
| 2020 | 0.09 | -£6.4M |
Derived from filed accounts. Not audited figures.