ECU WORLDWIDE (UK) LIMITED

Latest accounts filed cover 2024-12-31; financial figures currently reflect up to 2021-12-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, 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.”

Significant events

• “An Improved Turnover for 2024 was centred around the increased Shipping Costs at the end of Q1 due to the Red Sea Impact ultimately leading to improved yield for both Export and Import in Q2 and Q3 results.”
• “As the year went on the prices once again started to drop therefore reducing the margins in Q4.”
• “Import Volumes were up by 10% on the previous year”
• “Our main warehouse went into administration in Feb 2024 and the real impact for us was our costs increased for a short period Feb and March whilst the new Provider obtained the relevant licences for our Import containers to be unpacked.”
• “Exports had minimal affect after the warehouse had ceased operations and we had very smooth transition to the new provider.”
• “Market is in a downward trend as we go into Q1 Shipping line prices are back to pre-covid levels therefore we expect the margins to fall and to combat this we will be looking at niche markets where ECU can develop with the use of network in areas where competitors are not as strong.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +147.7%

  £28,755,104 → £71,214,394

• Cash

  -8.5%

  £109,334 → £100,002

• Net assets

  -27.7%

  £1,153,287 → £833,515

• Employees

  -4.2%

  71 → 68

• Operating profit

  +303.4%

  £1,789,855 → £7,219,502

• Profit before tax

  +303%

  £1,796,597 → £7,240,551

• Wages

  +62.6%

  £1,778,494 → £2,890,990

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers