Last 0.33 GBp
Change Today 0.00 / 0.00%
Volume 0.0
ECV On Other Exchanges
As of 12:00 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

eco city vehicles plc (ECV) Snapshot

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0.33 GBp
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Day Low
52 Week High
12/4/13 - 1.98 GBp
52 Week Low
09/16/14 - 0.33 GBp
Market Cap
Average Volume 10 Days
0.0024 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for ECO CITY VEHICLES PLC (ECV)

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eco city vehicles plc (ECV) Details

Eco City Vehicles Plc operates as a specialist vehicle distributor and an after-sales service centre for the London taxi owner-driver market in the United Kingdom. The company sells and services new and used taxicabs, and low emissions vehicles; sells taxi parts to customers ranging from individual drivers to large repairers; and provides mechanical and bodywork repairs to taxi drivers, as well as offers license rights for the Mercedes-Benz taxi. It serves local authorities, urban vehicle fleet owners, and other business users. The company is based in London, the United Kingdom.

68 Employees
Last Reported Date: 06/30/14

eco city vehicles plc (ECV) Top Compensated Officers

Finance Director and Director
Total Annual Compensation: --
Consultant, Non-Executive Director, Chairman ...
Total Annual Compensation: 94.0K GBP
Compensation as of Fiscal Year 2013.

eco city vehicles plc (ECV) Key Developments

Eco City Vehicles plc Announces Board Changes

The Board of Eco City Vehicles plc has filed a notice of intention to appoint an administrator for the company in order to allow the directors of ECV sufficient time to evaluate various options available to the group concerning its future. In addition, the company announced that Finance Director, Jonathan Moritz, will be stepping down from the board with effect from 10 October 2014 to pursue other interests. Jonathan's role will be fulfilled by Ran Oren as required. Ran was appointed as a non-executive director of ECV in March 2014 and was previously the Interim Finance Director in the period May 2012 to June 2013.

Eco City Vehicles plc Reports Revenue Results for the Six Months Ended June 30, 2014

Eco City Vehicles plc reported revenue results for the six months ended June 30, 2014. Revenue decreased by 33% to £11.4 million compared to £17.0 million as new Vito taxi sales declined to 139 vehicles compared to 299 a year ago. The Vito's share of the new London licensed taxi market reduced to 24% (2013: 44%). Net debt (being cash and cash equivalents together with long and short term borrowings) has reduced further to £2.1 million as at 30 June 2014 compared to £3.6 million as on 31 December 2013, reflecting the repayment of the Pension Scheme loan earlier this year.

Eco City Vehicles Is Reviewing Its Strategic Options

Eco City Vehicles plc (AIM:ECV) said it was "reviewing its strategic options", although this "does not include the consideration or solicitation of bids". But Eco City refused to elaborate on what a strategic review might actually involve, "We can't say. I wouldn't like to speculate," said a spokesman.


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