EC FINANCE PLC
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Cash
£129k
EUR 150,362
+22.7% vs 2024
Net assets
£70k
EUR 81,995
+2% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£1.7k
EUR 2,000
0% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
Therefore, the directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis as it will cease to trade once the debt is paid. There have been no amendments to the amounts disclosed on the Balance Sheet due to preparing the financial statements on a non-going concern basis. Accordingly, the financial statements have been prepared on a basis other than going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | £1,713 | £1,713 | — | — | |
| Profit before tax | £1,713 | £1,713 | £1,713 | 0% | |
| Net profit | £1,387 | £1,387 | £1,387 | 0% | |
| Cash | £154,854 | £104,972 | £128,779 | +22.7% | |
| Total assets less current liabilities | £428,296,296 | £428,297,683 | £70,225 | -100% | |
| Net assets | £67,450 | £68,838 | £70,225 | +2% | |
| Equity | £67,450 | £68,838 | £70,225 | +2% | |
| Average employees | 0 | 0 | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from EUR at 0.856 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | 0.0% | 0.0% | — | |
| Gearing (liabilities / total assets) | 100.0% | 100.0% | 100.0% | |
| Current ratio | 1.02x | 1.02x | 1.00x | |
| Interest cover | 0.00x | 0.00x | — |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- EC FINANCE PLC 2010-05-26 → present
- WELGROVE PLC 2010-03-17 → 2010-05-26
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- ERNST & YOUNG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“Therefore, the directors have concluded that it is no longer appropriate to prepare the financial statements on a going concern basis as it will cease to trade once the debt is paid. There have been no amendments to the amounts disclosed on the Balance Sheet due to preparing the financial statements on a non-going concern basis. Accordingly, the financial statements have been prepared on a basis other than going concern.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TMF CORPORATE ADMINISTRATION SERVICES LIMITED | Corporate Secretary | 2022-02-22 | — | — |
| WALLACE, Andrew Paul, Mr. | Director | 2020-03-31 | Mar 1971 | British |
| JOINT CORPORATE SERVICES LIMITED | Corporate Director | 2010-06-02 | — | — |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOINT SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2010-06-02 | 2022-02-22 |
| LAW DEBENTURE CORPORATE SERVICES LIMITED | Corporate Secretary | 2010-03-17 | 2010-06-02 |
| ARTHUR, Roy Neil | Director | 2011-04-04 | 2016-12-31 |
| BOWDEN, Ian Kenneth | Director | 2010-03-17 | 2010-06-02 |
| HUSAIN, Tariq Charles Anthony | Director | 2010-07-30 | 2011-04-04 |
| NORTON, Stephen William Spencer | Director | 2016-12-31 | 2020-03-31 |
| VICKERS, Jonathan Glyn | Director | 2010-06-02 | 2010-07-30 |
| L.D.C. SECURITISATION DIRECTOR NO. 3 LIMITED | Corporate Director | 2010-03-17 | 2010-06-02 |
| L.D.C. SECURITISATION DIRECTOR NO. 4 LIMITED | Corporate Director | 2010-03-17 | 2010-06-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tmf Trustee Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 95 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type full | |
| 2026-04-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-30 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-12-09 | AA | accounts | Accounts with accounts type full | |
| 2025-03-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-03-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-04 | CH02 | officers | Change corporate director company with change date | |
| 2024-03-04 | CH01 | officers | Change person director company with change date | |
| 2024-03-04 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-03-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-07-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full | |
| 2023-04-08 | AA | accounts | Accounts with accounts type full | |
| 2023-03-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-25 | TM02 | officers | Termination secretary company | |
| 2022-02-24 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2021-11-26 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.