ESUBSTANCE LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +9.3%

  £30,225,881 → £33,050,414

• Cash

  -64.2%

  £10,517,284 → £3,769,223

• Net assets

  -11.9%

  -£1,917,756 → -£2,145,471

• Employees

  +8.5%

  94 → 102

• Operating profit

  -1.1%

  -£384,754 → -£389,091

• Profit before tax

  +98.5%

  -£32,283,076 → -£497,543

• Wages

  +37%

  £6,820,708 → £9,344,966

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. 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.

1. ESUBSTANCE LIMITED 1999-11-29 → present
2. CHARCO 795 LIMITED 1999-08-23 → 1999-11-29

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Athos Louca (Loucas)

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. ESUBSTANCE LIMITED · parent
   1. Ink Publishing (PTE) Limited 100% · Singapore
   2. Ink Publishing Corporation 100% · US
   3. Ink do Brazil 99.9% · Brazil
   4. Ink Publishing (HK) Limited 100% · Hong Kong
   5. Ink Publishing Advertising (Shanghai) Co Limited 100% · PRC
   6. Travel Content LLC 80% · US
   7. Business Traveler LLC 80% · Florida
   8. Business Traveller Media Limited 80% · London

Significant events

• “The year ended 31 December 2024 saw the Company recording an EBITDA of $0.6m (2023: LBITDA of $31.5m).”
• “During the year ended 31 December 2023, as part of a group reconstruction, the Company recognised a write off of amounts due from related parties of $32m. Excluding this non-trading related write off, trading EBITDA was $0.5m for the year.”
• “During the year, the business continued to develop its digital content offering across various platforms.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.