Good News London Limited

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good news london limited Company Information

Live

EstablishedSmallDeclining

Company Number

07490846

Website

goodnews.london

Registered Address

6th floor amp house, dingwall road, croydon, CR0 2LX

Industry

Retail sale in non-specialised stores with food, beverages or tobacco predominating

Telephone

02087412906

Next Accounts Due

December 2024

Group Structure

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Directors

Samir Patel13 Years

Bhavisha Patel13 Years

Shareholders

bhavisha samir patel 50%

samir hariprasad patel 50%

good news london limited Estimated Valuation

£127.8k

Pomanda estimates the enterprise value of GOOD NEWS LONDON LIMITED at £127.8k based on a Turnover of £538.2k and 0.24x industry multiple (adjusted for size and gross margin).

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Good News London Limited is a live company located in croydon, CR0 2LX with a Companies House number of 07490846. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in January 2011, it's largest shareholder is bhavisha samir patel with a 50% stake. Good News London Limited is a established, small sized company, Pomanda has estimated its turnover at £538.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Good News London Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £538.2k, make it smaller than the average company (£1m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5.4%)

EXPORT

Good News London Limited's latest turnover from March 2023 is estimated at £538.2 thousand and the company has net assets of £5.9 thousand. According to their latest financial statements, Good News London Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Turnover	538,200	454,448	404,876	613,596	603,415	603,640	786,597	277,132	436,830	686,134	644,198	559,601
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	457,661	384,905	346,816	513,458	509,216	509,714	657,488	232,786	367,261	577,042	545,686	468,567
Gross Profit	80,539	69,543	58,060	100,137	94,199	93,926	129,109	44,345	69,569	109,092	98,512	91,033
Admin Expenses	76,980	67,331	47,530	136,443	107,062	87,511	120,564	7,038	59,741	101,019	95,802	84,125
Operating Profit	3,559	2,212	10,530	-36,306	-12,863	6,415	8,545	37,307	9,828	8,073	2,710	6,908
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	9	18	48	69	56	20
Pre-Tax Profit	3,559	2,212	10,530	-36,306	-12,863	6,415	8,554	37,325	9,876	8,142	2,766	6,928
Tax	-676	-420	-2,001	0	0	-1,219	-1,711	-7,465	-2,074	-1,873	-664	-1,801
Profit After Tax	2,883	1,792	8,529	-36,306	-12,863	5,196	6,843	29,860	7,802	6,269	2,102	5,127
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,883	1,792	8,529	-36,306	-12,863	5,196	6,843	29,860	7,802	6,269	2,102	5,127
Employee Costs	44,923	44,682	42,294	41,359	54,854	52,088	76,312	26,403	38,979	63,309	60,018	48,214
Number Of Employees	3	3	3	3	4	4	6	2	3	5	5	4
EBITDA*	3,559	2,212	10,530	-36,306	-12,863	6,415	8,545	46,535	18,514	18,089	14,487	20,035

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Tangible Assets	30,700	34,461	38,915	43,353	48,441	53,855	59,580	12,558	14,584	19,820	26,386	31,713
Intangible Assets	0	0	0	0	0	0	0	50,887	55,200	58,650	62,100	65,550
Investments & Other	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
Total Fixed Assets	30,700	34,461	38,915	43,353	48,441	53,855	59,580	63,445	69,784	78,470	88,486	97,263
Stock & work in progress	0	0	0	0	0	0	0	44,800	46,850	51,630	53,366	38,952
Trade Debtors	102,910	93,624	79,978	69,059	53,908	55,877	49,308	298	1,621	0	1,390	1,007
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,438	815	1,407	1,436	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	7,366	5,716	13,442	14,101	8,099
misc current assets	0	0	0	0	1,853	778	1,027	0	0	0	0	0
total current assets	104,348	94,439	81,385	70,495	55,761	56,655	50,335	52,464	54,187	65,072	68,857	48,058
total assets	135,048	128,900	120,300	113,848	104,202	110,510	109,915	115,909	123,971	143,542	157,343	145,321
Bank overdraft	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
Trade Creditors	88,207	79,682	68,741	120,718	74,816	68,281	72,860	45,949	102,571	129,944	150,014	140,094
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	88,207	79,682	68,741	120,718	74,816	68,281	72,860	45,949	102,571	129,944	150,014	140,094
loans	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
Accruals and Deferred Income	0	300	300	400	350	330	352	0	0	0	0	0
other liabilities	40,907	45,867	50,000	0	0	0	0	40,000	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	40,907	46,167	50,300	400	350	330	352	40,000	0	0	0	0
total liabilities	129,114	125,849	119,041	121,118	75,166	68,611	73,212	85,949	102,571	129,944	150,014	140,094
net assets	5,934	3,051	1,259	-7,270	29,036	41,899	36,703	29,960	21,400	13,598	7,329	5,227
total shareholders funds	5,934	3,051	1,259	-7,270	29,036	41,899	36,703	29,960	21,400	13,598	7,329	5,227

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Operating Activities
Operating Profit	3,559	2,212	10,530	-36,306	-12,863	6,415	8,545	37,307	9,828	8,073	2,710	6,908
Depreciation	0	0	0	0	0	0	0	4,915	5,236	6,566	8,327	9,677
Amortisation	0	0	0	0	0	0	0	4,313	3,450	3,450	3,450	3,450
Tax	-676	-420	-2,001	0	0	-1,219	-1,711	-7,465	-2,074	-1,873	-664	-1,801
Stock	0	0	0	0	0	0	-44,800	44,800	-4,780	-1,736	14,414	38,952
Debtors	9,909	13,054	10,890	16,587	-1,969	6,569	49,010	298	1,621	-1,390	383	1,007
Creditors	8,525	10,941	-51,977	45,902	6,535	-4,579	26,911	45,949	-27,373	-20,070	9,920	140,094
Accruals and Deferred Income	-300	0	-100	50	20	-22	352	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,199	-321	-54,438	-6,941	-4,339	-5,974	29,887	39,921	-7,774	-728	8,946	118,369
Investing Activities
capital expenditure	3,761	4,454	4,438	5,088	5,414	5,725	3,865	-72,673	0	0	-3,000	-110,390
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,761	4,454	4,438	5,088	5,414	5,725	3,865	-72,673	0	0	-3,000	-110,390
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,960	-4,133	50,000	0	0	0	-40,000	40,000	0	0	0	0
share issue	0	0	0	0	0	0	-100	100	0	0	0	100
interest	0	0	0	0	0	0	9	18	48	69	56	20
cash flow from financing	-4,960	-4,133	50,000	0	0	0	-40,091	40,118	48	69	56	120
cash and cash equivalents
cash	0	0	0	0	0	0	-7,366	7,366	-7,726	-659	6,002	8,099
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-7,366	7,366	-7,726	-659	6,002	8,099

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for good news london limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CR0 area or any other competitors across 12 key performance metrics.

GOOD NEWS LONDON LIMITED group structure

Good News London Limited has no subsidiary companies.

Ultimate parent company

GOOD NEWS LONDON LIMITED

07490846

GOOD NEWS LONDON LIMITED Shareholders

bhavisha samir patel	50%
samir hariprasad patel	50%

Good News London Limited currently has 2 directors. The longest serving directors include Mr Samir Patel (Jan 2011) and Ms Bhavisha Patel (Jan 2011).

officer	country	age	start	end	role
Mr Samir Patel	United Kingdom	47 years	Jan 2011	-	Director
Ms Bhavisha Patel	United Kingdom	47 years	Jan 2011	-	Director

P&L

March 2023

turnover

538.2k

+18%

operating profit

3.6k

gross margin

15%

-2.21%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

5.9k

+0.94%

total assets

135k

+0.05%

cash

net assets

Total assets minus all liabilities

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company number

07490846

Type

Private limited with Share Capital

industry

47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating

incorporation date

January 2011

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

6th floor amp house, dingwall road, croydon, CR0 2LX

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 did not find charges/mortgages relating to good news london limited.

good news london limited Company Information

good news london limited Estimated Valuation

good news london limited Estimated Valuation

good news london limited Estimated Valuation

Good News London Limited Overview

Good News London Limited Health Check

GOOD NEWS LONDON LIMITED financials

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