How much does Echo Packaging Limited make?

Echo Packaging Limited reported revenue of £19.4m and £322k profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Echo Packaging Limited have?

Echo Packaging Limited reported an average of 89 employees in the year to 31 Dec 2023.

Is Echo Packaging Limited profitable?

Yes — Echo Packaging Limited reported a profit of £322k in the year to 31 Dec 2023.

Company No. 02717201 · Incorporated 22 May 1992

Echo Packaging Limited

Registered name: ECHO PACKAGING LIMITED

Echo Packaging Limited made £19.4m revenue and £322k profit in the year to 31 Dec 2023.

Echo Packaging Limited’s revenue fell 5% to £19.4m in the year to 31 Dec 2023, with £322k profit and 89 employees. The company is classified under “manufacture of plastic packing goods” and is based in Corby; we hold 2 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 22220Manufacture of plastic packing goods

Status: Active
Location: Corby, East Midlands
Age: 34 yrs · since 1992
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCash flow filed

Revenue

£19.4m

Growth ▼4.7%

Profit

£322k

Growth ▲39.4%

Profit margin

1.7%

Gross 15.7%

Employees

Change ▼11%

Profit / employee

£3.6k

Revenue/employee £218k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£20.3m	£19.4m
Cost of sales	£17.4m	£16.3m
Gross profit	£2.9m	£3m
Operating profit	£708k	£824k
Profit before tax	£462k	£428k
Profit after tax	£231k	£322k
Profit (best available)	£231k	£322k
Staff costs	£3.7m	£4.1m
Employees (average)	100	89
Ratios
Profit margin	1.1%	1.7%
Gross margin	14.4%	15.7%
Revenue per employee	£203k	£218k
Profit per employee	£2.3k	£3.6k
Cash conversion	182.1%	167.9%
Growth (year on year)
Revenue growth	—	▼4.7%
Profit growth	—	▲39.4%
Headcount growth	—	▼11%
Balance sheet — indirect signals, not revenue
Cash at bank	£604	£37.7k
Net assets	£4.1m	£4.4m
Fixed assets	£9m	£8.9m
Current assets	£8.2m	£7.9m
Debtors	£4.8m	£4.3m
Deferred income	£231k	£212k
Cash from operations	£1.3m	£1.4m
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: 1.7%; Profit ÷ revenue.
Gross margin: 15.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £218k; Revenue ÷ average employees.
Profit per employee: £3.6k; Profit ÷ average employees.
Cash conversion: 167.9%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 45.9%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 1.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲8%; Now £4.4m
Cash at bank: ▲6143%; Now £37.7k
Headcount: ▼11%; Now 89
Deferred income: ▼8%; Now £212k
Fixed assets: ▼1%; Now £8.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Subsidiaries (1)

Recirc LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit £322k), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.