financial times (asc) limited
financial times (asc) limited Company Information
Company Number
00519261
Website
http://ft.comRegistered Address
bracken house, 1 friday street, london, EC4M 9BT
Industry
Publishing of newspapers
Telephone
02078733000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
the financial times ltd 100%
financial times (asc) limited Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL TIMES (ASC) LIMITED at £526.3k based on a Turnover of £2.3m and 0.23x industry multiple (adjusted for size and gross margin).
financial times (asc) limited Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL TIMES (ASC) LIMITED at £172.2k based on an EBITDA of £118.5k and a 1.45x industry multiple (adjusted for size and gross margin).
financial times (asc) limited Estimated Valuation
Pomanda estimates the enterprise value of FINANCIAL TIMES (ASC) LIMITED at £0 based on Net Assets of £-398k and 0.87x industry multiple (adjusted for liquidity).
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Financial Times (asc) Limited Overview
Financial Times (asc) Limited is a live company located in london, EC4M 9BT with a Companies House number of 00519261. It operates in the publishing of newspapers sector, SIC Code 58130. Founded in May 1953, it's largest shareholder is the financial times ltd with a 100% stake. Financial Times (asc) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.
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Financial Times (asc) Limited Health Check
Pomanda's financial health check has awarded Financial Times (Asc) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
5 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£4.5m)
£2.3m - Financial Times (asc) Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (-3.1%)
-14% - Financial Times (asc) Limited
-3.1% - Industry AVG
Production
with a gross margin of -1.6%, this company has a higher cost of product (50.1%)
-1.6% - Financial Times (asc) Limited
50.1% - Industry AVG
Profitability
an operating margin of 5.2% make it more profitable than the average company (4.1%)
5.2% - Financial Times (asc) Limited
4.1% - Industry AVG
Employees
with 24 employees, this is below the industry average (86)
- Financial Times (asc) Limited
86 - Industry AVG
Pay Structure
on an average salary of £375, the company has a lower pay structure (£37.3k)
- Financial Times (asc) Limited
£37.3k - Industry AVG
Efficiency
resulting in sales per employee of £94.7k, this is equally as efficient (£97.1k)
- Financial Times (asc) Limited
£97.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Financial Times (asc) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Financial Times (asc) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Financial Times (asc) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Financial Times (asc) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 267.2%, this is a higher level of debt than the average (37.7%)
267.2% - Financial Times (asc) Limited
37.7% - Industry AVG
FINANCIAL TIMES (ASC) LIMITED financials
Financial Times (Asc) Limited's latest turnover from December 2022 is £2.3 million and the company has net assets of -£398 thousand. According to their latest financial statements, we estimate that Financial Times (Asc) Limited has 24 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,272,000 | 2,735,000 | 2,597,000 | 3,558,000 | 3,474,000 | 4,650,000 | 5,521,000 | 5,526,000 | 6,024,000 | 6,824,000 | 7,982,000 | 8,865,000 | 9,281,000 | 7,484,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 2,308,000 | 2,274,000 | 2,374,000 | 3,090,000 | 3,235,000 | 4,360,000 | 5,242,000 | 5,249,000 | 5,782,000 | 6,559,000 | 7,615,000 | 8,477,000 | 8,852,000 | 7,088,000 |
| Gross Profit | -36,000 | 461,000 | 223,000 | 468,000 | 239,000 | 290,000 | 279,000 | 277,000 | 242,000 | 265,000 | 367,000 | 388,000 | 429,000 | 396,000 |
| Admin Expenses | -475,000 | 209,000 | 273,000 | 30,000 | 143,000 | -418,000 | 80,000 | 114,000 | ||||||
| Operating Profit | 754,000 | 68,000 | -31,000 | 235,000 | 224,000 | 806,000 | 349,000 | 282,000 | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 118,000 | 116,000 | 116,000 | 150,000 | 155,000 | 377,000 | 754,000 | 68,000 | -31,000 | 235,000 | 224,000 | 806,000 | 349,000 | 282,000 |
| Tax | -22,000 | -9,000 | -31,000 | -30,000 | -30,000 | -73,000 | -150,000 | -15,000 | 6,000 | -55,000 | -57,000 | -215,000 | -99,000 | -79,000 |
| Profit After Tax | 96,000 | 107,000 | 85,000 | 120,000 | 125,000 | 304,000 | 604,000 | 53,000 | -25,000 | 180,000 | 167,000 | 591,000 | 250,000 | 203,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 96,000 | 107,000 | 85,000 | 120,000 | 125,000 | 304,000 | 604,000 | 53,000 | -25,000 | 180,000 | 167,000 | 591,000 | 250,000 | 203,000 |
| Employee Costs | 9,000 | 9,000 | 10,000 | 12,000 | 48,000 | 48,000 | 57,000 | 67,000 | 63,000 | 82,000 | 83,000 | 101,000 | 96,000 | 67,000 |
| Number Of Employees | ||||||||||||||
| EBITDA* | 760,000 | 74,000 | -25,000 | 260,000 | 274,000 | 844,000 | 379,000 | 282,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 15,000 | 11,000 | 17,000 | 23,000 | 29,000 | 35,000 | 23,000 | 73,000 | 104,000 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 16,000 | 16,000 | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 11,000 | 0 | 0 | 9,000 | 6,000 | 7,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,000 | 16,000 | 11,000 | 10,000 | 15,000 | 20,000 | 23,000 | 30,000 | 29,000 | 35,000 | 23,000 | 73,000 | 104,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 217,000 | 100,000 | 79,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,000 | 16,000 | 12,000 | 11,000 | 0 | 0 | 0 | 0 | 19,000 | 13,000 | 21,000 | 17,000 | 18,000 | 21,000 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 222,000 | 116,000 | 91,000 | 11,000 | 82,000 | 1,000 | 0 | 0 | 19,000 | 13,000 | 21,000 | 17,000 | 18,000 | 21,000 |
| total assets | 238,000 | 132,000 | 102,000 | 21,000 | 97,000 | 21,000 | 23,000 | 30,000 | 48,000 | 48,000 | 44,000 | 90,000 | 122,000 | 21,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 365,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 587,000 | 681,000 | 1,210,000 | 1,410,000 | 1,377,000 | 1,443,000 | 2,091,000 | 2,831,000 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63,000 | 86,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 429,000 | 372,000 | 360,000 | 387,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,002,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 207,000 | 254,000 | 343,000 | 320,000 | 0 | 365,000 | 577,000 | 659,000 | 530,000 | 475,000 | 562,000 | 213,000 | 96,000 | 74,000 |
| total current liabilities | 636,000 | 626,000 | 703,000 | 707,000 | 905,000 | 952,000 | 1,258,000 | 1,869,000 | 1,940,000 | 1,915,000 | 2,091,000 | 2,304,000 | 2,927,000 | 3,076,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 636,000 | 626,000 | 703,000 | 707,000 | 905,000 | 952,000 | 1,258,000 | 1,869,000 | 1,940,000 | 1,915,000 | 2,091,000 | 2,304,000 | 2,927,000 | 3,076,000 |
| net assets | -398,000 | -494,000 | -601,000 | -686,000 | -808,000 | -931,000 | -1,235,000 | -1,839,000 | -1,892,000 | -1,867,000 | -2,047,000 | -2,214,000 | -2,805,000 | -3,055,000 |
| total shareholders funds | -398,000 | -494,000 | -601,000 | -686,000 | -806,000 | -931,000 | -1,235,000 | -1,839,000 | -1,892,000 | -1,867,000 | -2,047,000 | -2,214,000 | -2,805,000 | -3,055,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 754,000 | 68,000 | -31,000 | 235,000 | 224,000 | 806,000 | 349,000 | 282,000 | ||||||
| Depreciation | 0 | 0 | 0 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 25,000 | 50,000 | 38,000 | 30,000 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -22,000 | -9,000 | -31,000 | -30,000 | -30,000 | -73,000 | -150,000 | -15,000 | 6,000 | -55,000 | -57,000 | -215,000 | -99,000 | -79,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 106,000 | 14,000 | 91,000 | 11,000 | -9,000 | 3,000 | -1,000 | -12,000 | 6,000 | -8,000 | 4,000 | -1,000 | -3,000 | 21,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -63,000 | -23,000 | 86,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | -47,000 | -89,000 | 23,000 | 320,000 | -365,000 | -212,000 | -82,000 | 129,000 | 55,000 | -87,000 | 349,000 | 117,000 | 22,000 | 74,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 529,000 | 200,000 | -33,000 | 103,000 | 648,000 | 747,000 | 305,000 | 256,000 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 16,000 | -10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -587,000 | -94,000 | -529,000 | -200,000 | 33,000 | -66,000 | -648,000 | -740,000 | 2,831,000 | 0 |
| Group/Directors Accounts | 57,000 | 12,000 | -27,000 | 387,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,002,000 | 3,002,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 57,000 | 12,000 | -27,000 | 387,000 | -94,000 | -529,000 | -200,000 | 33,000 | -66,000 | -648,000 | -740,000 | -171,000 | -256,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | -365,000 | 365,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 365,000 | -365,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
financial times (asc) limited Credit Report and Business Information
Financial Times (asc) Limited Competitor Analysis
Perform a competitor analysis for financial times (asc) limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EC4M area or any other competitors across 12 key performance metrics.
financial times (asc) limited Ownership
FINANCIAL TIMES (ASC) LIMITED group structure
Financial Times (Asc) Limited has no subsidiary companies.
Ultimate parent company
NIKKEI INC
#0012896
2 parents
FINANCIAL TIMES (ASC) LIMITED
00519261
financial times (asc) limited directors
Financial Times (Asc) Limited currently has 2 directors. The longest serving directors include Mr James Lund (Jan 2014) and Mrs Janet White (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Lund | England | 51 years | Jan 2014 | - | Director |
| Mrs Janet White | England | 65 years | May 2022 | - | Director |
P&L
December 2022turnover
2.3m
-17%
operating profit
118.5k
0%
gross margin
-1.5%
-109.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-398k
-0.19%
total assets
238k
+0.8%
cash
0
0%
net assets
Total assets minus all liabilities
financial times (asc) limited company details
company number
00519261
Type
Private limited with Share Capital
industry
58130 - Publishing of newspapers
incorporation date
May 1953
age
71
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
financial times (scp) limited (April 2013)
st.clements press limited (December 2010)
last accounts submitted
December 2022
address
bracken house, 1 friday street, london, EC4M 9BT
accountant
-
auditor
DELOITTE LLP
financial times (asc) 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 financial times (asc) limited.
financial times (asc) limited Companies House Filings - See Documents
| date | description | view/download |
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