3 November (Part 2) - Eco Communities beat Howbury Friends on Finance by 16·5 points
In 2008, 2009, 2010, 2011 and 2012, Eco Learning was Eco Computer Systems
Limited, then this year it became Eco Communities Limited, just in time to
bid for Bexley council’s Howbury Centre contract. Then on 13th February 2013 the
same people opened a new, legally speaking, business called Eco Computer Systems. Why the chopping
and changing? To give Eco Communities an instant five year history to prove they
were neither upstarts nor fly-by-nights. But are they?
In 2008 there was a turnover of £1,930 and the company made a loss. Then the
turnover more than doubled and the losses increased but by 2011 turnover had
fallen to £3,213 and the losses skyrocketed. More than £25k. In 2012 creditors
were owed £53,335.
If you check out Eco Communities at a Credit Agency you will find they score 19
points out of 100 and are noted “Cash transactions preferred”.
This doesn’t look too good either…
And this from the company that Bexley council rated 16·5 points above Howbury
Friends who can raise a £100,000 in a year without having to pay company directors.