city news and food limited
city news and food limited Company Information
Company Number
SC553614
Website
www.foodsafetynews.comRegistered Address
pick 'n' save, 20 easter drylaw place, edinburgh, EH4 2QF
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Telephone
01314670404
Next Accounts Due
October 2024
Group Structure
View All
Directors
Muhammad Javaid1 Years
Shareholders
zahid iqbal 100%
city news and food limited Estimated Valuation
Pomanda estimates the enterprise value of CITY NEWS AND FOOD LIMITED at £501k based on a Turnover of £1.9m and 0.26x industry multiple (adjusted for size and gross margin).
city news and food limited Estimated Valuation
Pomanda estimates the enterprise value of CITY NEWS AND FOOD LIMITED at £0 based on an EBITDA of £-128.7k and a 3.02x industry multiple (adjusted for size and gross margin).
city news and food limited Estimated Valuation
Pomanda estimates the enterprise value of CITY NEWS AND FOOD LIMITED at £0 based on Net Assets of £-152.1k and 2.75x industry multiple (adjusted for liquidity).
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City News And Food Limited Overview
City News And Food Limited is a dissolved company that was located in edinburgh, EH4 2QF with a Companies House number of SC553614. It operated in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in January 2017, it's largest shareholder was zahid iqbal with a 100% stake. The last turnover for City News And Food Limited was estimated at £1.9m.
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City News And Food Limited Health Check
Pomanda's financial health check has awarded City News And Food Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.9m, make it larger than the average company (£933k)
- City News And Food Limited
£933k - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (4.7%)
- City News And Food Limited
4.7% - Industry AVG
Production
with a gross margin of 16.2%, this company has a higher cost of product (23.3%)
- City News And Food Limited
23.3% - Industry AVG
Profitability
an operating margin of -6.7% make it less profitable than the average company (3.1%)
- City News And Food Limited
3.1% - Industry AVG
Employees
with 8 employees, this is below the industry average (16)
8 - City News And Food Limited
16 - Industry AVG
Pay Structure
on an average salary of £15.2k, the company has an equivalent pay structure (£15.2k)
- City News And Food Limited
£15.2k - Industry AVG
Efficiency
resulting in sales per employee of £241.2k, this is more efficient (£112k)
- City News And Food Limited
£112k - Industry AVG
Debtor Days
it gets paid by customers after 47 days, this is later than average (6 days)
- City News And Food Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 94 days, this is slower than average (25 days)
- City News And Food Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- City News And Food Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - City News And Food Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 151.2%, this is a higher level of debt than the average (68.2%)
151.2% - City News And Food Limited
68.2% - Industry AVG
CITY NEWS AND FOOD LIMITED financials
City News And Food Limited's latest turnover from January 2023 is estimated at £1.9 million and the company has net assets of -£152.1 thousand. According to their latest financial statements, City News And Food Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| 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 | 8 | 7 | 6 | 6 | 6 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 45,499 | 30,125 | 34,281 | 18,436 | 17,578 | 9,679 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 45,499 | 30,125 | 34,281 | 18,436 | 17,578 | 9,679 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 251,771 | 9,462 | 221,755 | 144,016 | 104,075 | 74,681 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 251,771 | 9,462 | 221,755 | 144,016 | 104,075 | 74,681 |
| total assets | 297,270 | 39,587 | 256,036 | 162,452 | 121,653 | 84,360 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 418,592 | 22,217 | 49,822 | 19,186 | 27,744 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 418,592 | 22,217 | 49,822 | 19,186 | 27,744 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 30,820 | 40,822 | 45,834 | 0 | 0 | 42,798 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 30,820 | 40,822 | 45,834 | 0 | 0 | 42,798 |
| total liabilities | 449,412 | 63,039 | 95,656 | 19,186 | 27,744 | 42,798 |
| net assets | -152,142 | -23,452 | 160,380 | 143,266 | 93,909 | 41,562 |
| total shareholders funds | -152,142 | -23,452 | 160,380 | 143,266 | 93,909 | 41,562 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 242,309 | -212,293 | 77,739 | 39,941 | 29,394 | 74,681 |
| Creditors | 396,375 | -27,605 | 30,636 | -8,558 | 27,744 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -10,002 | -5,012 | 45,834 | 0 | -42,798 | 42,798 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
city news and food limited Credit Report and Business Information
City News And Food Limited Competitor Analysis
Perform a competitor analysis for city news and food limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in EH4 area or any other competitors across 12 key performance metrics.
city news and food limited Ownership
CITY NEWS AND FOOD LIMITED group structure
City News And Food Limited has no subsidiary companies.
Ultimate parent company
CITY NEWS AND FOOD LIMITED
SC553614
city news and food limited directors
City News And Food Limited currently has 1 director, Mr Muhammad Javaid serving since Apr 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Muhammad Javaid | United Kingdom | 29 years | Apr 2023 | - | Director |
P&L
January 2023turnover
1.9m
+623%
operating profit
-128.7k
0%
gross margin
16.3%
-0.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-152.1k
+5.49%
total assets
297.3k
+6.51%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
city news and food limited company details
company number
SC553614
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
January 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
January 2023
address
pick 'n' save, 20 easter drylaw place, edinburgh, EH4 2QF
accountant
-
auditor
-
city news and food 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 did not find charges/mortgages relating to city news and food limited.
city news and food limited Companies House Filings - See Documents
| date | description | view/download |
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