Echorest Limited
12049225
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/11/2024
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 36
Also on 1 other board
Persons with Significant Control
Mr Shahzad Ahmad
British · England · Age 36
12, Crouch End Hill, London, N8 8AA
Notified 01/11/2024
Former PSCs
Blandfords Group Limited
Ceased 01/11/2024
CompanyRankvs 22297+ SIC 56101 peers37
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/10/2024
Net Worth
-£100k
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£81k
Working capital
Current Assets
£10k
Current Liabilities
£91k
Fixed Assets
£43k
Debtors
£5k
Tax at Year End(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.11 | -£24k |
| 2023 | 0.20 | -£194k |
| 2022 | 1.13 | +£36k |
| 2021 | 1.01 | +£29k |
| 2020 | 0.95 | — |
Derived from filed accounts. Not audited figures.