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Echo Developments Ltd

10788486

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

UNITS L AND L1,SECOND FLOOR, 43-49 FOWLER ROAD, ILFORD, IG6 3FF
Incorporated 25/05/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

78109
Other activities of employment placement agencies

Officers

Dr Naeem Aslam

director · Since 01/06/2022

MEDICAL DOCTOR

BRITISH · UNITED KINGDOM · Age 47

Also on 4 other boards

Persons with Significant Control

Dr Naeem Aslam

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

British · United Kingdom · Age 47

51 A, Marlborough Road, London, E18 1AR

Notified 01/06/2022

Former PSCs

Mr Jawad Tanveer

Ceased 01/06/2022

Mr Muhammad Waseem Aslam

Ceased 09/11/2018

Charges2 outstanding

Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED

Created 25/10/2022Registered 26/10/2022
Charge
satisfied

ONE SAVINGS BANK PLC

Created 02/11/2018Registered 06/11/2018Satisfied 07/11/2022
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED TRADING AS PRECISE MORTGAGES

Created 24/11/2017Registered 27/11/2017

CompanyRankvs 4346+ SIC 78109 peers
58

Financial strength88th percentile among SIC peers · 22/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 16.95× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 pts

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

Employees2/15 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.

Longevity9/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/05/2024

Net Worth

£136k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£351k

Working capital

Current Assets

£373k

Current Liabilities

£22k

Fixed Assets

£825k

0avg. employees

Balance Sheet

Assets less current liabilities£1.2M

EstimatesDerived

YearCurrent RatioImplied Profit
202416.95+£18k
202324.20+£104k
20229.33+£5k
202119.56+£3k
20202.70-£5k
20190.05

Derived from filed accounts. Not audited figures.