Top Track 250

High street closures in lockdown led to cancelled orders for this London-based clothing firm. Co-founder and managing director Shafiq Hassan, 62, says he pioneered ethical working conditions in Bangladesh, where its Echotex facility provides hot meals and full medical insurance for 11,000 staff. Echo’s shareholders also own the Ninety Percent clothing brand, which donates 90% of distributable profits to charity. Sales rose 33% to £114.8m in 2019.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
CompanyEcho Sourcing
ActivityClothing manufacturer and supplier
LocationCentral London
Sales £m114.8
Operating profit £m10.5
Main shareholdersShafiq Hassan (50%), Para Hamilton (50%)

If applicable:

* supplied by company   † annualised figure   ‡  profit = ebitda