independent television news limited

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independent television news limited Company Information

Share INDEPENDENT TELEVISION NEWS LIMITED

Company Number

00548648

Shareholders

itv broadcasting ltd

reuters news & media limited

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Group Structure

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Industry

Television programming and broadcasting activities

 

Registered Address

200 grays inn road, london, WC1X 8XZ

independent television news limited Estimated Valuation

£140.4m

Pomanda estimates the enterprise value of INDEPENDENT TELEVISION NEWS LIMITED at £140.4m based on a Turnover of £155.9m and 0.9x industry multiple (adjusted for size and gross margin).

independent television news limited Estimated Valuation

£44.4m

Pomanda estimates the enterprise value of INDEPENDENT TELEVISION NEWS LIMITED at £44.4m based on an EBITDA of £10.9m and a 4.07x industry multiple (adjusted for size and gross margin).

independent television news limited Estimated Valuation

£0

Pomanda estimates the enterprise value of INDEPENDENT TELEVISION NEWS LIMITED at £0 based on Net Assets of £-71.1m and 1.95x industry multiple (adjusted for liquidity).

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Independent Television News Limited Overview

Independent Television News Limited is a live company located in london, WC1X 8XZ with a Companies House number of 00548648. It operates in the television programming and broadcasting activities sector, SIC Code 60200. Founded in May 1955, it's largest shareholder is itv broadcasting ltd with a 40% stake. Independent Television News Limited is a mature, mega sized company, Pomanda has estimated its turnover at £155.9m with healthy growth in recent years.

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Independent Television News Limited Health Check

Pomanda's financial health check has awarded Independent Television News Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £155.9m, make it larger than the average company (£8.9m)

£155.9m - Independent Television News Limited

£8.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (2.6%)

9% - Independent Television News Limited

2.6% - Industry AVG

production

Production

with a gross margin of 16.5%, this company has a higher cost of product (40.3%)

16.5% - Independent Television News Limited

40.3% - Industry AVG

profitability

Profitability

an operating margin of 4.9% make it more profitable than the average company (3%)

4.9% - Independent Television News Limited

3% - Industry AVG

employees

Employees

with 833 employees, this is above the industry average (19)

833 - Independent Television News Limited

19 - Industry AVG

paystructure

Pay Structure

on an average salary of £78.6k, the company has an equivalent pay structure (£67.2k)

£78.6k - Independent Television News Limited

£67.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £187.1k, this is less efficient (£260.5k)

£187.1k - Independent Television News Limited

£260.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 27 days, this is earlier than average (38 days)

27 days - Independent Television News Limited

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (36 days)

1 days - Independent Television News Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 8 days, this is less than average (32 days)

8 days - Independent Television News Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (13 weeks)

28 weeks - Independent Television News Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 171.2%, this is a higher level of debt than the average (69.3%)

171.2% - Independent Television News Limited

69.3% - Industry AVG

INDEPENDENT TELEVISION NEWS LIMITED financials

EXPORTms excel logo

Independent Television News Limited's latest turnover from December 2023 is £155.9 million and the company has net assets of -£71.1 million. According to their latest financial statements, Independent Television News Limited has 833 employees and maintains cash reserves of £23.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover155,889,000164,412,000126,097,000120,980,000135,946,000126,920,000126,444,000129,660,000119,681,000111,959,000105,829,000108,739,00098,207,00096,249,00098,474,000
Other Income Or Grants
Cost Of Sales130,137,000132,538,000100,368,00095,539,000110,188,000102,679,000104,606,000107,903,00098,777,00091,960,00086,639,00090,774,00081,504,00082,157,00083,835,000
Gross Profit25,752,00031,874,00025,729,00025,441,00025,758,00024,241,00021,838,00021,757,00020,904,00019,999,00019,190,00017,965,00016,703,00014,092,00014,639,000
Admin Expenses18,050,00020,021,00019,504,00020,965,00019,585,00017,626,00016,045,00014,648,00014,031,00014,242,00011,950,00014,230,00014,384,00013,150,00017,531,000
Operating Profit7,702,00011,853,0006,225,0004,476,0006,173,0006,615,0005,793,0007,109,0006,873,0005,757,0007,240,0003,735,0002,319,000942,000-2,892,000
Interest Payable6,723,0004,010,0003,310,0003,875,0004,493,0004,180,0005,163,0004,789,0004,615,0004,725,0001,446,0002,649,0001,535,000316,00017,810,000
Interest Receivable18,00013,00031,000868,00050,00016,041,000
Pre-Tax Profit1,464,0008,956,0003,315,0001,143,0002,401,0001,308,0003,670,0002,835,0002,752,0002,036,0006,604,0001,552,0002,308,000396,000-4,175,000
Tax1,112,000-2,412,0001,615,000884,000-647,000-69,000-431,000-631,000-618,000-164,000-1,839,000-464,000-763,00061,000791,000
Profit After Tax2,576,0006,544,0004,930,0002,027,0001,754,0001,239,0003,239,0002,204,0002,134,0001,872,0004,765,0001,088,0001,545,000457,000-3,384,000
Dividends Paid
Retained Profit2,576,0006,544,0004,930,0002,027,0001,754,0001,239,0003,239,0002,204,0002,134,0001,872,0004,765,0001,088,0001,545,000457,000-3,384,000
Employee Costs65,509,00059,610,00053,905,00054,060,00054,527,00054,633,00052,198,00054,643,00051,765,00049,382,00047,662,00046,479,00042,455,00041,236,00045,118,000
Number Of Employees833779727719720716712728723711705707646640729
EBITDA*10,901,00014,178,0008,467,0007,275,0009,209,0009,512,0008,725,0009,990,0009,670,0008,835,00010,576,0008,718,0006,913,0005,848,0002,322,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets9,540,00052,179,00065,517,00068,337,00031,823,00030,018,00029,667,00037,040,00028,724,0008,680,0008,580,0009,692,00011,667,00012,278,00013,113,000
Intangible Assets
Investments & Other30,432,000700,000598,000649,000556,000345,000370,000370,000370,000457,000500,0002,418,0002,318,0002,128,0002,128,000
Debtors (Due After 1 year)21,257,00030,127,00030,833,00024,056,00019,674,00020,347,000
Total Fixed Assets39,972,00030,922,00035,390,00037,504,00031,823,00030,018,00029,667,00037,040,00028,724,00029,484,0009,080,00012,110,00013,985,00014,406,00015,241,000
Stock & work in progress2,895,0001,020,0001,569,0001,531,000624,0001,397,000761,0001,013,0001,238,0001,025,000521,000
Trade Debtors11,657,00018,226,0004,110,0004,390,0008,374,00012,211,0008,174,00012,570,00011,029,00013,841,00011,976,00010,126,00010,793,00010,451,0006,952,000
Group Debtors8,073,0007,231,0005,872,0006,440,0006,493,0005,400,0006,153,0005,945,0006,725,000
Misc Debtors13,402,00013,607,0009,056,00011,002,00011,930,00010,821,00011,484,0008,442,0007,183,0007,937,0009,303,0009,299,0008,160,0008,320,0008,298,000
Cash23,919,00020,386,00029,536,00021,774,0007,347,0008,919,0008,313,0009,588,0008,402,0008,144,0008,609,0008,041,0005,177,0008,575,00016,036,000
misc current assets
total current assets59,946,00060,470,00050,143,00045,137,00034,768,00038,748,00034,885,00037,558,00034,577,00030,947,00030,409,00027,466,00024,130,00027,346,00031,286,000
total assets99,918,00091,392,00085,533,00082,641,00066,591,00068,766,00064,552,00074,598,00063,301,00060,431,00039,489,00039,576,00038,115,00041,752,00046,527,000
Bank overdraft
Bank loan
Trade Creditors 525,000558,000191,000158,000541,0001,550,0001,143,0002,351,0001,702,0002,038,0001,102,0002,090,0001,119,0001,679,0001,133,000
Group/Directors Accounts2,121,000
other short term finances2,096,0002,360,0003,066,000
hp & lease commitments118,000223,000211,00079,000
other current liabilities41,766,00044,181,00038,665,00033,306,00027,050,00030,761,00027,324,00031,687,00029,947,00026,697,00027,761,00026,128,00023,045,00024,107,00026,476,000
total current liabilities44,412,00044,739,00038,856,00033,464,00027,591,00032,311,00028,467,00034,038,00031,649,00028,853,00029,086,00028,429,00026,339,00028,146,00030,675,000
loans468,0001,517,000
hp & lease commitments118,000352,000171,000
Accruals and Deferred Income
other liabilities
provisions3,055,000211,778,000250,680,000336,538,000288,900,000255,364,000251,556,000324,502,000218,336,0003,421,0003,629,0002,732,0003,367,0003,526,0004,482,000
total long term liabilities126,647,000105,889,000125,340,000168,269,000144,450,000127,682,000125,778,000162,251,000109,168,000101,880,00068,053,00071,504,00065,357,00047,482,00046,726,000
total liabilities171,059,000150,628,000164,196,000201,733,000172,041,000159,993,000154,245,000196,289,000140,817,000130,733,00097,139,00099,933,00091,696,00075,628,00077,401,000
net assets-71,141,000-59,236,000-78,663,000-119,092,000-105,450,000-91,227,000-89,693,000-121,691,000-77,516,000-70,302,000-57,650,000-60,357,000-53,581,000-33,876,000-30,874,000
total shareholders funds-71,141,000-59,236,000-78,663,000-119,092,000-105,450,000-91,227,000-89,693,000-121,691,000-77,516,000-70,302,000-57,650,000-60,357,000-53,581,000-33,876,000-30,874,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit7,702,00011,853,0006,225,0004,476,0006,173,0006,615,0005,793,0007,109,0006,873,0005,757,0007,240,0003,735,0002,319,000942,000-2,892,000
Depreciation3,199,0002,325,0002,242,0002,799,0003,036,0002,897,0002,932,0002,881,0002,797,0003,078,0003,336,0004,983,0004,594,0004,906,0005,214,000
Amortisation
Tax1,112,000-2,412,0001,615,000884,000-647,000-69,000-431,000-631,000-618,000-164,000-1,839,000-464,000-763,00061,000791,000
Stock1,875,000-549,00038,000907,000-773,000636,000-252,000-225,000213,000504,000521,000
Debtors-27,189,00011,156,000-3,500,0001,812,00022,421,0002,621,000-1,146,000-17,654,0002,486,00020,846,0001,854,000472,000182,0003,521,00015,250,000
Creditors-33,000367,00033,000-383,000-1,009,000407,000-1,208,000649,000-336,000936,000-988,000971,000-560,000546,0001,133,000
Accruals and Deferred Income-2,415,0005,516,0005,359,0006,256,000-3,711,0003,437,000-4,363,0001,740,0003,250,000-1,064,0001,633,0003,083,000-1,062,000-2,369,00026,476,000
Deferred Taxes & Provisions-208,723,000-38,902,000-85,858,00047,638,00033,536,0003,808,000-72,946,000106,166,000214,915,000-208,000897,000-635,000-159,000-956,0004,482,000
Cash flow from operations-173,844,000-31,860,000-66,922,00058,951,00015,730,00013,838,000-68,825,000135,793,000224,182,000-13,015,0007,904,00011,201,0004,187,000-391,00019,954,000
Investing Activities
capital expenditure11,013,000578,000-39,313,000-4,841,000-3,248,0004,441,000-11,197,000-22,841,000-2,169,000-3,006,000-3,936,000-4,120,000-3,110,000
Change in Investments29,732,000102,000-51,00093,000211,000-25,000-87,000-43,000-1,918,000100,000190,0002,128,000
cash flow from investments-29,732,00010,911,000629,000-39,406,000-5,052,000-3,223,0004,441,000-11,197,000-22,754,00043,000-251,000-3,106,000-4,126,000-4,120,000-5,238,000
Financing Activities
Bank loans
Group/Directors Accounts2,121,000
Other Short Term Loans -2,096,000-264,000-706,0003,066,000
Long term loans-468,000-1,049,0001,517,000
Hire Purchase and Lease Commitments-118,000-223,000-222,000313,000250,000
other long term liabilities
share issue-14,481,00012,883,00035,499,000-15,669,000-15,977,000-2,773,00028,759,000-46,379,000-9,348,000-14,524,000-2,058,000-7,864,000-21,250,000-3,459,000-27,490,000
interest-6,723,000-4,010,000-3,310,000-3,875,000-4,493,000-4,180,000-5,163,000-4,789,000-4,615,000-4,707,000-1,433,000-2,618,000-667,000-266,000-1,769,000
cash flow from financing-19,083,0008,873,00032,189,000-19,544,000-20,470,000-6,953,00023,596,000-51,168,000-14,081,000-19,454,000-3,713,000-12,265,000-22,399,000-5,480,000-24,676,000
cash and cash equivalents
cash3,533,000-9,150,0007,762,00014,427,000-1,572,000606,000-1,275,0001,186,000258,000-465,000568,0002,864,000-3,398,000-7,461,00016,036,000
overdraft
change in cash3,533,000-9,150,0007,762,00014,427,000-1,572,000606,000-1,275,0001,186,000258,000-465,000568,0002,864,000-3,398,000-7,461,00016,036,000

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Independent Television News Limited Competitor Analysis

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Perform a competitor analysis for independent television news limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in WC1X area or any other competitors across 12 key performance metrics.

independent television news limited Ownership

INDEPENDENT TELEVISION NEWS LIMITED Shareholders

itv broadcasting ltd 40%
reuters news & media limited 20%
dmgv limited 20%
gnc media investments limited 20%

independent television news limited directors

Independent Television News Limited currently has 7 directors. The longest serving directors include Mr Geert Linnebank (Jan 2007) and Mr Andrew Mullins (Nov 2018).

officercountryagestartendrole
Mr Geert Linnebank69 years Jan 2007- Director
Mr Andrew Mullins61 years Nov 2018- Director
Mr Charles CoxEngland66 years Nov 2018- Director
Ms Kyla Mullins58 years Jul 2019- Director
Ms Rachel Corp52 years Sep 2022- Director
Ms Adedigba RawcliffeEngland52 years Oct 2023- Director
Mr Justin SmithEngland45 years Jan 2024- Director

P&L

December 2023

turnover

155.9m

-5%

operating profit

7.7m

-35%

gross margin

16.6%

-14.79%

turnover

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

Balance Sheet

December 2023

net assets

-71.1m

+0.2%

total assets

99.9m

+0.09%

cash

23.9m

+0.17%

net assets

Total assets minus all liabilities

independent television news limited company details

company number

00548648

Type

Private limited with Share Capital

industry

60200 - Television programming and broadcasting activities

incorporation date

May 1955

age

70

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

MHA

address

200 grays inn road, london, WC1X 8XZ

Bank

BARCLAYS BANK PLC

Legal Advisor

-

independent television news 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 found 18 charges/mortgages relating to independent television news limited. Currently there are 3 open charges and 15 have been satisfied in the past.

independent television news limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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independent television news limited Companies House Filings - See Documents

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