ec.2 news limited
ec.2 news limited Company Information
Company Number
03404306
Next Accounts
Jun 2025
Directors
Shareholders
himmat singh chaudasama
vikram jadeja
Group Structure
View All
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Registered Address
116 pentonville road, london, N1 9JB
Website
-ec.2 news limited Estimated Valuation
Pomanda estimates the enterprise value of EC.2 NEWS LIMITED at £0 based on a Turnover of £0 and 0.33x industry multiple (adjusted for size and gross margin).
ec.2 news limited Estimated Valuation
Pomanda estimates the enterprise value of EC.2 NEWS LIMITED at £0 based on an EBITDA of £-69 and a 3.6x industry multiple (adjusted for size and gross margin).
ec.2 news limited Estimated Valuation
Pomanda estimates the enterprise value of EC.2 NEWS LIMITED at £14.2k based on Net Assets of £5.4k and 2.61x industry multiple (adjusted for liquidity).
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Ec.2 News Limited Overview
Ec.2 News Limited is a live company located in london, N1 9JB with a Companies House number of 03404306. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in July 1997, it's largest shareholder is himmat singh chaudasama with a 50% stake. Ec.2 News Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Ec.2 News Limited Health Check
Pomanda's financial health check has awarded Ec.2 News Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 0 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
0 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ec.2 News Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ec.2 News Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (21 weeks)
- - Ec.2 News Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.4%, this is a lower level of debt than the average (65.9%)
- - Ec.2 News Limited
- - Industry AVG
EC.2 NEWS LIMITED financials
Ec.2 News Limited's latest turnover from September 2023 is estimated at 0 and the company has net assets of £5.4 thousand. According to their latest financial statements, we estimate that Ec.2 News Limited has no employees and maintains cash reserves of £1.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 2 | 2 | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,328 | 5,328 | 5,328 | 5,328 | 7,094 | 8,860 | 10,627 | 12,394 | 14,279 | 5,718 | 6,266 | 2,506 | 798 | 1,727 | 2,659 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,328 | 5,328 | 5,328 | 5,328 | 7,094 | 8,860 | 10,627 | 12,394 | 14,279 | 5,718 | 6,266 | 2,506 | 798 | 1,727 | 2,659 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,216 | 22,700 | 23,300 | 22,500 | 25,200 | 27,846 | 24,568 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 650 | 22,036 | 10,689 | 16,320 | 12,022 | 11,949 | 3,750 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 270 | 270 | 270 | 270 | 270 | 21,607 | 31,399 | 31,485 | 23,930 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,325 | 1,325 | 1,325 | 1,325 | 3,511 | 1,539 | 13,398 | 13,585 | 16,576 | 16,467 | 22,698 | 17,595 | 10,756 | 10,144 | 4,396 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 190 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,595 | 1,595 | 1,595 | 1,595 | 3,781 | 23,336 | 44,797 | 45,070 | 57,372 | 61,203 | 56,687 | 56,415 | 47,978 | 49,939 | 32,714 |
| total assets | 6,923 | 6,923 | 6,923 | 6,923 | 10,875 | 32,196 | 55,424 | 57,464 | 71,651 | 66,921 | 62,953 | 58,921 | 48,776 | 51,666 | 35,373 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 24,306 | 20,817 | 22,625 | 31,253 | 29,686 | 31,257 | 28,361 | 33,627 | 19,175 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,482 | 1,482 | 1,482 | 1,482 | 3,550 | 5,058 | 8,257 | 4,852 | 11,828 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,482 | 1,482 | 1,482 | 1,482 | 3,550 | 5,058 | 32,563 | 25,891 | 34,453 | 31,253 | 29,686 | 31,257 | 28,361 | 33,627 | 19,175 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 5,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 5,000 |
| total liabilities | 1,482 | 1,482 | 1,482 | 1,482 | 3,550 | 5,058 | 32,563 | 25,891 | 34,453 | 31,253 | 29,686 | 31,257 | 28,361 | 35,627 | 24,175 |
| net assets | 5,441 | 5,441 | 5,441 | 5,441 | 7,325 | 27,138 | 22,861 | 31,573 | 37,198 | 35,668 | 33,267 | 27,664 | 20,415 | 16,039 | 11,198 |
| total shareholders funds | 5,441 | 5,441 | 5,441 | 5,441 | 7,325 | 27,138 | 22,861 | 31,573 | 37,198 | 35,668 | 33,267 | 27,664 | 20,415 | 16,039 | 11,198 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 1,766 | 1,766 | 1,767 | 1,767 | 1,766 | 1,826 | 787 | 727 | 1,076 | 929 | 932 | 1,261 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16,216 | -6,484 | -600 | 800 | -2,700 | -2,646 | 3,278 | 24,568 |
| Debtors | 0 | 0 | 0 | 0 | -21,337 | -9,792 | -86 | 6,905 | 2,544 | 11,347 | -5,631 | 4,298 | 73 | 8,199 | 3,750 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -24,306 | 3,489 | -1,808 | -8,628 | 1,567 | -1,571 | 2,896 | -5,266 | 14,452 | 19,175 |
| Accruals and Deferred Income | 0 | 0 | 0 | -2,068 | -1,508 | -3,199 | 3,405 | -6,976 | 11,828 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -222 | 222 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,000 | -3,000 | 5,000 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | -2,186 | 1,972 | -11,859 | -187 | -2,991 | 109 | -6,231 | 5,103 | 6,839 | 612 | 5,748 | 4,396 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | -2,186 | 1,972 | -11,859 | -187 | -2,991 | 109 | -6,231 | 5,103 | 6,839 | 612 | 5,748 | 4,396 |
ec.2 news limited Credit Report and Business Information
Ec.2 News Limited Competitor Analysis
Perform a competitor analysis for ec.2 news limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mature companies, companies in N 1 area or any other competitors across 12 key performance metrics.
ec.2 news limited Ownership
EC.2 NEWS LIMITED group structure
Ec.2 News Limited has no subsidiary companies.
Ultimate parent company
EC.2 NEWS LIMITED
03404306
ec.2 news limited directors
Ec.2 News Limited currently has 1 director, Mr Himmat Chaudasama serving since Jul 1997.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Himmat Chaudasama | 63 years | Jul 1997 | - | Director |
P&L
September 2023turnover
0
0%
operating profit
-69.6
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
5.4k
0%
total assets
6.9k
0%
cash
1.3k
0%
net assets
Total assets minus all liabilities
ec.2 news limited company details
company number
03404306
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
July 1997
age
28
incorporated
UK
ultimate parent company
accounts
Dormant
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
116 pentonville road, london, N1 9JB
Bank
-
Legal Advisor
-
ec.2 news limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 1 charges/mortgages relating to ec.2 news limited. Currently there are 1 open charges and 0 have been satisfied in the past.
ec.2 news limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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ec.2 news limited Companies House Filings - See Documents
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