financial times limited(the)

3.5

financial times limited(the) Company Information

Share FINANCIAL TIMES LIMITED(THE)
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Company Number

00227590

Registered Address

bracken house, 1 friday street, london, EC4M 9BT

Industry

Publishing of newspapers

 

Telephone

02078733000

Next Accounts Due

September 2024

Group Structure

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Directors

John Ridding18 Years

James Lund10 Years

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Shareholders

financial times group limited 100%

financial times limited(the) Estimated Valuation

£481.7m

Pomanda estimates the enterprise value of FINANCIAL TIMES LIMITED(THE) at £481.7m based on a Turnover of £422.5m and 1.14x industry multiple (adjusted for size and gross margin).

financial times limited(the) Estimated Valuation

£295.4m

Pomanda estimates the enterprise value of FINANCIAL TIMES LIMITED(THE) at £295.4m based on an EBITDA of £41.3m and a 7.15x industry multiple (adjusted for size and gross margin).

financial times limited(the) Estimated Valuation

£60.5m

Pomanda estimates the enterprise value of FINANCIAL TIMES LIMITED(THE) at £60.5m based on Net Assets of £69.3m and 0.87x industry multiple (adjusted for liquidity).

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Financial Times Limited(the) Overview

Financial Times Limited(the) is a live company located in london, EC4M 9BT with a Companies House number of 00227590. It operates in the publishing of newspapers sector, SIC Code 58130. Founded in January 1928, it's largest shareholder is financial times group limited with a 100% stake. Financial Times Limited(the) is a mature, mega sized company, Pomanda has estimated its turnover at £422.5m with healthy growth in recent years.

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Financial Times Limited(the) Health Check

Pomanda's financial health check has awarded Financial Times Limited(The) a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £422.5m, make it larger than the average company (£4.5m)

£422.5m - Financial Times Limited(the)

£4.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (-3.1%)

7% - Financial Times Limited(the)

-3.1% - Industry AVG

production

Production

with a gross margin of 50.1%, this company has a comparable cost of product (50.1%)

50.1% - Financial Times Limited(the)

50.1% - Industry AVG

profitability

Profitability

an operating margin of 3.2% make it less profitable than the average company (4.1%)

3.2% - Financial Times Limited(the)

4.1% - Industry AVG

employees

Employees

with 1508 employees, this is above the industry average (86)

1508 - Financial Times Limited(the)

86 - Industry AVG

paystructure

Pay Structure

on an average salary of £100.3k, the company has a higher pay structure (£37.3k)

£100.3k - Financial Times Limited(the)

£37.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £280.2k, this is more efficient (£97.1k)

£280.2k - Financial Times Limited(the)

£97.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is later than average (38 days)

53 days - Financial Times Limited(the)

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (33 days)

13 days - Financial Times Limited(the)

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (10 days)

2 days - Financial Times Limited(the)

10 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (35 weeks)

9 weeks - Financial Times Limited(the)

35 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 86.8%, this is a higher level of debt than the average (37.7%)

86.8% - Financial Times Limited(the)

37.7% - Industry AVG

FINANCIAL TIMES LIMITED(THE) financials

EXPORTms excel logo

Financial Times Limited(The)'s latest turnover from December 2022 is £422.5 million and the company has net assets of £69.3 million. According to their latest financial statements, Financial Times Limited(The) has 1,508 employees and maintains cash reserves of £43.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover422,539,000370,483,000320,759,000344,967,000324,335,000322,132,000311,244,000285,329,000288,343,000296,385,000296,828,000306,161,000292,535,000265,327,000
Other Income Or Grants1,064,000001,047,0000000000000
Cost Of Sales211,796,000184,288,000169,560,000181,737,000178,182,000173,232,000168,714,000164,164,000156,312,000166,608,000175,074,000178,917,000171,943,000160,479,000
Gross Profit211,807,000186,195,000151,199,000164,277,000146,153,000148,900,000142,530,000121,165,000132,031,000129,777,000121,754,000127,244,000120,592,000104,848,000
Admin Expenses198,396,000178,920,000172,104,000163,605,000138,868,000144,931,000135,926,000254,104,000140,692,000174,675,000159,433,000141,870,000138,819,000140,519,000
Operating Profit13,411,0007,275,000-20,905,000672,0007,285,0003,969,0006,604,000-132,939,000-8,661,000-44,898,000-37,679,000-14,626,000-18,227,000-35,671,000
Interest Payable6,189,0006,012,0006,340,0006,478,000171,000277,000651,000210,000487,000351,000386,000264,000740,0001,564,000
Interest Receivable1,287,000992,000779,000935,000413,000278,000276,0001,247,0002,067,0003,712,0008,065,000773,000760,000838,000
Pre-Tax Profit6,774,000-735,000-34,535,000-4,572,0008,158,0004,656,0006,229,000355,806,00014,748,000-20,509,000-8,829,000440,531,0002,572,000-10,076,000
Tax-2,581,00012,357,000100,0006,457,00068,000727,000-165,0003,621,000537,0001,122,0006,550,000-12,082,0003,911,00010,078,000
Profit After Tax4,193,00011,622,000-34,435,0001,885,0008,226,0005,383,0006,064,000359,427,00015,285,000-19,387,000-2,279,000428,449,0006,483,0002,000
Dividends Paid0000000692,134,00021,028,000321,171,000020,779,00000
Retained Profit4,193,00011,622,000-34,435,0001,885,0008,226,0005,383,0006,064,000-332,707,000-5,743,000-340,558,000-2,279,000407,670,0006,483,0002,000
Employee Costs151,310,000132,110,000120,005,000105,219,000104,374,000103,722,000100,814,000236,743,000121,435,000146,022,000132,291,000126,206,000117,197,000111,345,000
Number Of Employees1,5081,3961,3481,3401,2971,2911,3061,2741,2601,2411,3071,2641,2631,246
EBITDA*41,317,00044,203,00020,138,00036,168,00027,677,00022,783,00024,262,000-113,825,00017,579,000-25,023,000-19,356,0001,242,00093,000-19,871,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets203,623,000291,085,000278,007,000291,216,00022,698,00019,653,00020,010,0004,207,00050,972,00089,916,00091,875,00086,104,00082,720,00086,974,000
Intangible Assets82,749,00093,547,00094,734,000103,179,000103,916,00097,980,00096,493,00091,735,00091,846,00030,783,00033,894,00037,005,00040,116,00043,291,000
Investments & Other40,985,00017,649,00017,598,00017,626,00010,689,0009,589,0009,511,000012,223,0002,590,0002,590,0002,590,0002,825,0002,843,000
Debtors (Due After 1 year)53,244,00027,190,00014,122,00014,122,00000018,055,000000000
Total Fixed Assets380,601,000357,442,000358,619,000380,273,000126,614,000117,633,000116,503,000113,997,000155,041,000123,289,000128,359,000125,699,000125,661,000133,108,000
Stock & work in progress1,608,000929,0001,445,0001,283,0001,221,0001,534,0001,597,0001,312,0001,344,0001,519,0001,525,0001,441,0001,588,0001,115,000
Trade Debtors62,274,00058,618,00040,063,00036,958,00039,811,00038,352,00037,892,00036,000,00043,060,00040,576,00054,641,00039,656,00042,739,00037,144,000
Group Debtors3,778,00080,153,00057,458,00051,054,00040,590,00035,811,00035,765,00029,769,000144,143,000151,827,000466,750,000468,474,00038,907,00039,517,000
Misc Debtors32,856,00030,117,00030,047,00027,531,00024,467,00041,579,00027,315,00016,241,00013,071,00023,364,00019,116,00021,479,00032,558,00041,087,000
Cash43,225,00024,528,00016,686,00013,507,00018,324,00017,159,00019,856,00020,733,00074,153,00091,961,00099,777,000108,554,000100,082,000100,871,000
misc current assets000000003,997,00000000
total current assets143,741,000194,345,000145,699,000130,333,000124,413,000134,435,000122,425,000104,055,000279,768,000309,247,000641,809,000639,604,000215,874,000219,734,000
total assets524,342,000551,787,000504,318,000510,606,000251,027,000252,068,000238,928,000218,052,000434,809,000432,536,000770,168,000765,303,000341,535,000352,842,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 8,097,00010,480,0002,808,0001,957,0006,318,00010,218,00011,914,0007,491,0008,742,00021,633,00019,763,00014,546,0008,540,00010,869,000
Group/Directors Accounts84,738,00000000037,598,00014,931,00021,394,00027,747,00025,639,00033,970,00057,556,000
other short term finances00000000000000
hp & lease commitments10,304,00010,134,00015,043,00015,043,0000018,00032,000475,000957,000995,000583,000926,000835,000
other current liabilities136,064,000227,208,000186,080,000156,527,000144,353,000148,613,000136,746,00075,690,00070,922,00088,967,00087,173,00089,340,00075,160,00068,272,000
total current liabilities239,203,000247,822,000203,931,000173,527,000150,671,000158,831,000148,678,000120,811,00095,070,000132,951,000135,678,000130,108,000118,596,000137,532,000
loans0431,624,000440,808,000459,292,00000001,009,00000000
hp & lease commitments0215,812,000220,404,000229,646,00000050,000131,000637,0001,498,0001,799,000257,0001,128,000
Accruals and Deferred Income00000000000000
other liabilities204,304,00000000000477,0001,563,000522,00000
provisions11,540,00027,264,00034,168,00018,896,0007,828,00010,042,00013,198,00093,804,0003,171,0007,052,0001,856,0002,186,0001,256,000701,000
total long term liabilities215,844,000229,444,000237,488,000239,094,0003,914,0005,021,0006,599,00093,854,0004,311,0008,166,0004,917,0004,507,0001,513,0001,829,000
total liabilities455,047,000477,266,000441,419,000412,621,000154,585,000163,852,000155,277,000214,665,00099,381,000141,117,000140,595,000134,615,000120,109,000139,361,000
net assets69,295,00074,521,00062,899,00097,985,00096,442,00088,216,00083,651,0003,387,000335,428,000291,419,000629,573,000630,688,000221,426,000213,481,000
total shareholders funds69,295,00074,521,00062,899,00097,985,00096,442,00088,216,00083,651,0003,387,000335,428,000291,419,000629,573,000630,688,000221,426,000213,481,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit13,411,0007,275,000-20,905,000672,0007,285,0003,969,0006,604,000-132,939,000-8,661,000-44,898,000-37,679,000-14,626,000-18,227,000-35,671,000
Depreciation13,863,00014,144,00014,177,00012,847,0001,239,0001,724,0001,958,0005,063,00023,113,00016,764,00015,212,00012,757,00015,113,00012,745,000
Amortisation14,043,00022,784,00026,866,00022,649,00019,153,00017,090,00015,700,00014,051,0003,127,0003,111,0003,111,0003,111,0003,207,0003,055,000
Tax-2,581,00012,357,000100,0006,457,00068,000727,000-165,0003,621,000537,0001,122,0006,550,000-12,082,0003,911,00010,078,000
Stock679,000-516,000162,00062,000-313,000-63,000285,000-32,000-175,000-6,00084,000-147,000473,0001,115,000
Debtors-43,926,00054,388,00012,025,00024,797,000-10,874,00014,770,000907,000-100,209,000-15,493,000-324,740,00010,898,000415,405,000-3,544,000117,748,000
Creditors-2,383,0007,672,000851,000-4,361,000-3,900,000-1,696,0004,423,000-1,251,000-12,891,0001,870,0005,217,0006,006,000-2,329,00010,869,000
Accruals and Deferred Income-91,144,00041,128,00029,553,00012,174,000-4,260,00011,867,00061,056,0004,768,000-18,045,0001,794,000-2,167,00014,180,0006,888,00068,272,000
Deferred Taxes & Provisions-15,724,000-6,904,00015,272,00011,068,000-2,214,000-3,156,000-80,606,00090,633,000-3,881,0005,196,000-330,000930,000555,000701,000
Cash flow from operations-27,268,00044,584,00053,727,00036,647,00028,558,00015,818,0007,778,00084,187,000-1,033,000309,705,000-21,068,000-404,982,00012,189,000-48,814,000
Investing Activities
capital expenditure70,354,000-48,819,000-19,389,000-303,277,000-29,373,000-19,944,000-38,219,00027,762,000-48,359,000-14,805,000-20,983,000-16,141,000-10,891,000-146,065,000
Change in Investments23,336,00051,000-28,0006,937,0001,100,00078,0009,511,000-12,223,0009,633,00000-235,000-18,0002,843,000
cash flow from investments47,018,000-48,870,000-19,361,000-310,214,000-30,473,000-20,022,000-47,730,00039,985,000-57,992,000-14,805,000-20,983,000-15,906,000-10,873,000-148,908,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts84,738,00000000-37,598,00022,667,000-6,463,000-6,353,0002,108,000-8,331,000-23,586,00057,556,000
Other Short Term Loans 00000000000000
Long term loans-431,624,000-9,184,000-18,484,000459,292,000000-1,009,0001,009,00000000
Hire Purchase and Lease Commitments-215,642,000-9,501,000-9,242,000244,689,0000-18,000-64,000-524,000-988,000-899,000111,0001,199,000-780,0001,963,000
other long term liabilities204,304,0000000000-477,000-1,086,0001,041,000522,00000
share issue-9,419,0000-651,000-342,0000-818,00074,200,000666,00049,752,0002,404,0001,164,0001,592,0001,462,000213,479,000
interest-4,902,000-5,020,000-5,561,000-5,543,000242,0001,000-375,0001,037,0001,580,0003,361,0007,679,000509,00020,000-726,000
cash flow from financing-372,545,000-23,705,000-33,938,000698,096,000242,000-835,00036,163,00022,837,00044,413,000-2,573,00012,103,000-4,509,000-22,884,000272,272,000
cash and cash equivalents
cash18,697,0007,842,0003,179,000-4,817,0001,165,000-2,697,000-877,000-53,420,000-17,808,000-7,816,000-8,777,0008,472,000-789,000100,871,000
overdraft00000000000000
change in cash18,697,0007,842,0003,179,000-4,817,0001,165,000-2,697,000-877,000-53,420,000-17,808,000-7,816,000-8,777,0008,472,000-789,000100,871,000

financial times limited(the) Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Financial Times Limited(the) Competitor Analysis

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Perform a competitor analysis for financial times limited(the) by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in EC4M area or any other competitors across 12 key performance metrics.

financial times limited(the) directors

Financial Times Limited(The) currently has 5 directors. The longest serving directors include Mr John Ridding (Jun 2006) and Mr James Lund (Jan 2014).

officercountryagestartendrole
Mr John RiddingUnited Kingdom59 years Jun 2006- Director
Mr James LundEngland51 years Jan 2014- Director
Roula Khalaf RazzoukEngland59 years Jan 2020- Director
Mr Jonathan SladeEngland51 years Nov 2021- Director
Mr Daisuke ArakawaUnited Kingdom62 years Mar 2022- Director

P&L

December 2022

turnover

422.5m

+14%

operating profit

13.4m

+84%

gross margin

50.2%

-0.26%

turnover

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

Balance Sheet

December 2022

net assets

69.3m

-0.07%

total assets

524.3m

-0.05%

cash

43.2m

+0.76%

net assets

Total assets minus all liabilities

financial times limited(the) company details

company number

00227590

Type

Private limited with Share Capital

industry

58130 - Publishing of newspapers

incorporation date

January 1928

age

96

incorporated

UK

accounts

Full Accounts

ultimate parent company

NIKKEI INC

previous names

N/A

last accounts submitted

December 2022

address

bracken house, 1 friday street, london, EC4M 9BT

accountant

-

auditor

DELOITTE LLP

financial times limited(the) 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 found 4 charges/mortgages relating to financial times limited(the). Currently there are 1 open charges and 3 have been satisfied in the past.

charges

financial times limited(the) Companies House Filings - See Documents

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