independent television news limited
independent television news limited Company Information
Company Number
00548648
Next Accounts
Sep 2025
Shareholders
itv broadcasting ltd
reuters news & media limited
View AllGroup Structure
View All
Industry
Television programming and broadcasting activities
Registered Address
200 grays inn road, london, WC1X 8XZ
Website
www.itn.co.ukindependent television news limited Estimated Valuation
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
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
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
7 Strong
1 Regular
4 Weak
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
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
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
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
with 833 employees, this is above the industry average (19)
833 - Independent Television News Limited
19 - Industry AVG
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
resulting in sales per employee of £187.1k, this is less efficient (£260.5k)
£187.1k - Independent Television News Limited
£260.5k - Industry AVG
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
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
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
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
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
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 House, Pomanda Estimates
| Dec 2023 | 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 | 155,889,000 | 164,412,000 | 126,097,000 | 120,980,000 | 135,946,000 | 126,920,000 | 126,444,000 | 129,660,000 | 119,681,000 | 111,959,000 | 105,829,000 | 108,739,000 | 98,207,000 | 96,249,000 | 98,474,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 130,137,000 | 132,538,000 | 100,368,000 | 95,539,000 | 110,188,000 | 102,679,000 | 104,606,000 | 107,903,000 | 98,777,000 | 91,960,000 | 86,639,000 | 90,774,000 | 81,504,000 | 82,157,000 | 83,835,000 |
| Gross Profit | 25,752,000 | 31,874,000 | 25,729,000 | 25,441,000 | 25,758,000 | 24,241,000 | 21,838,000 | 21,757,000 | 20,904,000 | 19,999,000 | 19,190,000 | 17,965,000 | 16,703,000 | 14,092,000 | 14,639,000 |
| Admin Expenses | 18,050,000 | 20,021,000 | 19,504,000 | 20,965,000 | 19,585,000 | 17,626,000 | 16,045,000 | 14,648,000 | 14,031,000 | 14,242,000 | 11,950,000 | 14,230,000 | 14,384,000 | 13,150,000 | 17,531,000 |
| Operating Profit | 7,702,000 | 11,853,000 | 6,225,000 | 4,476,000 | 6,173,000 | 6,615,000 | 5,793,000 | 7,109,000 | 6,873,000 | 5,757,000 | 7,240,000 | 3,735,000 | 2,319,000 | 942,000 | -2,892,000 |
| Interest Payable | 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 | 4,725,000 | 1,446,000 | 2,649,000 | 1,535,000 | 316,000 | 17,810,000 |
| Interest Receivable | 18,000 | 13,000 | 31,000 | 868,000 | 50,000 | 16,041,000 | |||||||||
| Pre-Tax Profit | 1,464,000 | 8,956,000 | 3,315,000 | 1,143,000 | 2,401,000 | 1,308,000 | 3,670,000 | 2,835,000 | 2,752,000 | 2,036,000 | 6,604,000 | 1,552,000 | 2,308,000 | 396,000 | -4,175,000 |
| Tax | 1,112,000 | -2,412,000 | 1,615,000 | 884,000 | -647,000 | -69,000 | -431,000 | -631,000 | -618,000 | -164,000 | -1,839,000 | -464,000 | -763,000 | 61,000 | 791,000 |
| Profit After Tax | 2,576,000 | 6,544,000 | 4,930,000 | 2,027,000 | 1,754,000 | 1,239,000 | 3,239,000 | 2,204,000 | 2,134,000 | 1,872,000 | 4,765,000 | 1,088,000 | 1,545,000 | 457,000 | -3,384,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 2,576,000 | 6,544,000 | 4,930,000 | 2,027,000 | 1,754,000 | 1,239,000 | 3,239,000 | 2,204,000 | 2,134,000 | 1,872,000 | 4,765,000 | 1,088,000 | 1,545,000 | 457,000 | -3,384,000 |
| Employee Costs | 65,509,000 | 59,610,000 | 53,905,000 | 54,060,000 | 54,527,000 | 54,633,000 | 52,198,000 | 54,643,000 | 51,765,000 | 49,382,000 | 47,662,000 | 46,479,000 | 42,455,000 | 41,236,000 | 45,118,000 |
| Number Of Employees | 833 | 779 | 727 | 719 | 720 | 716 | 712 | 728 | 723 | 711 | 705 | 707 | 646 | 640 | 729 |
| EBITDA* | 10,901,000 | 14,178,000 | 8,467,000 | 7,275,000 | 9,209,000 | 9,512,000 | 8,725,000 | 9,990,000 | 9,670,000 | 8,835,000 | 10,576,000 | 8,718,000 | 6,913,000 | 5,848,000 | 2,322,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 9,540,000 | 52,179,000 | 65,517,000 | 68,337,000 | 31,823,000 | 30,018,000 | 29,667,000 | 37,040,000 | 28,724,000 | 8,680,000 | 8,580,000 | 9,692,000 | 11,667,000 | 12,278,000 | 13,113,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 30,432,000 | 700,000 | 598,000 | 649,000 | 556,000 | 345,000 | 370,000 | 370,000 | 370,000 | 457,000 | 500,000 | 2,418,000 | 2,318,000 | 2,128,000 | 2,128,000 |
| Debtors (Due After 1 year) | 21,257,000 | 30,127,000 | 30,833,000 | 24,056,000 | 19,674,000 | 20,347,000 | |||||||||
| Total Fixed Assets | 39,972,000 | 30,922,000 | 35,390,000 | 37,504,000 | 31,823,000 | 30,018,000 | 29,667,000 | 37,040,000 | 28,724,000 | 29,484,000 | 9,080,000 | 12,110,000 | 13,985,000 | 14,406,000 | 15,241,000 |
| Stock & work in progress | 2,895,000 | 1,020,000 | 1,569,000 | 1,531,000 | 624,000 | 1,397,000 | 761,000 | 1,013,000 | 1,238,000 | 1,025,000 | 521,000 | ||||
| Trade Debtors | 11,657,000 | 18,226,000 | 4,110,000 | 4,390,000 | 8,374,000 | 12,211,000 | 8,174,000 | 12,570,000 | 11,029,000 | 13,841,000 | 11,976,000 | 10,126,000 | 10,793,000 | 10,451,000 | 6,952,000 |
| Group Debtors | 8,073,000 | 7,231,000 | 5,872,000 | 6,440,000 | 6,493,000 | 5,400,000 | 6,153,000 | 5,945,000 | 6,725,000 | ||||||
| Misc Debtors | 13,402,000 | 13,607,000 | 9,056,000 | 11,002,000 | 11,930,000 | 10,821,000 | 11,484,000 | 8,442,000 | 7,183,000 | 7,937,000 | 9,303,000 | 9,299,000 | 8,160,000 | 8,320,000 | 8,298,000 |
| Cash | 23,919,000 | 20,386,000 | 29,536,000 | 21,774,000 | 7,347,000 | 8,919,000 | 8,313,000 | 9,588,000 | 8,402,000 | 8,144,000 | 8,609,000 | 8,041,000 | 5,177,000 | 8,575,000 | 16,036,000 |
| misc current assets | |||||||||||||||
| total current assets | 59,946,000 | 60,470,000 | 50,143,000 | 45,137,000 | 34,768,000 | 38,748,000 | 34,885,000 | 37,558,000 | 34,577,000 | 30,947,000 | 30,409,000 | 27,466,000 | 24,130,000 | 27,346,000 | 31,286,000 |
| total assets | 99,918,000 | 91,392,000 | 85,533,000 | 82,641,000 | 66,591,000 | 68,766,000 | 64,552,000 | 74,598,000 | 63,301,000 | 60,431,000 | 39,489,000 | 39,576,000 | 38,115,000 | 41,752,000 | 46,527,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 525,000 | 558,000 | 191,000 | 158,000 | 541,000 | 1,550,000 | 1,143,000 | 2,351,000 | 1,702,000 | 2,038,000 | 1,102,000 | 2,090,000 | 1,119,000 | 1,679,000 | 1,133,000 |
| Group/Directors Accounts | 2,121,000 | ||||||||||||||
| other short term finances | 2,096,000 | 2,360,000 | 3,066,000 | ||||||||||||
| hp & lease commitments | 118,000 | 223,000 | 211,000 | 79,000 | |||||||||||
| other current liabilities | 41,766,000 | 44,181,000 | 38,665,000 | 33,306,000 | 27,050,000 | 30,761,000 | 27,324,000 | 31,687,000 | 29,947,000 | 26,697,000 | 27,761,000 | 26,128,000 | 23,045,000 | 24,107,000 | 26,476,000 |
| total current liabilities | 44,412,000 | 44,739,000 | 38,856,000 | 33,464,000 | 27,591,000 | 32,311,000 | 28,467,000 | 34,038,000 | 31,649,000 | 28,853,000 | 29,086,000 | 28,429,000 | 26,339,000 | 28,146,000 | 30,675,000 |
| loans | 468,000 | 1,517,000 | |||||||||||||
| hp & lease commitments | 118,000 | 352,000 | 171,000 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 3,055,000 | 211,778,000 | 250,680,000 | 336,538,000 | 288,900,000 | 255,364,000 | 251,556,000 | 324,502,000 | 218,336,000 | 3,421,000 | 3,629,000 | 2,732,000 | 3,367,000 | 3,526,000 | 4,482,000 |
| total long term liabilities | 126,647,000 | 105,889,000 | 125,340,000 | 168,269,000 | 144,450,000 | 127,682,000 | 125,778,000 | 162,251,000 | 109,168,000 | 101,880,000 | 68,053,000 | 71,504,000 | 65,357,000 | 47,482,000 | 46,726,000 |
| total liabilities | 171,059,000 | 150,628,000 | 164,196,000 | 201,733,000 | 172,041,000 | 159,993,000 | 154,245,000 | 196,289,000 | 140,817,000 | 130,733,000 | 97,139,000 | 99,933,000 | 91,696,000 | 75,628,000 | 77,401,000 |
| 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 2023 | 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 | 7,702,000 | 11,853,000 | 6,225,000 | 4,476,000 | 6,173,000 | 6,615,000 | 5,793,000 | 7,109,000 | 6,873,000 | 5,757,000 | 7,240,000 | 3,735,000 | 2,319,000 | 942,000 | -2,892,000 |
| Depreciation | 3,199,000 | 2,325,000 | 2,242,000 | 2,799,000 | 3,036,000 | 2,897,000 | 2,932,000 | 2,881,000 | 2,797,000 | 3,078,000 | 3,336,000 | 4,983,000 | 4,594,000 | 4,906,000 | 5,214,000 |
| Amortisation | |||||||||||||||
| Tax | 1,112,000 | -2,412,000 | 1,615,000 | 884,000 | -647,000 | -69,000 | -431,000 | -631,000 | -618,000 | -164,000 | -1,839,000 | -464,000 | -763,000 | 61,000 | 791,000 |
| Stock | 1,875,000 | -549,000 | 38,000 | 907,000 | -773,000 | 636,000 | -252,000 | -225,000 | 213,000 | 504,000 | 521,000 | ||||
| Debtors | -27,189,000 | 11,156,000 | -3,500,000 | 1,812,000 | 22,421,000 | 2,621,000 | -1,146,000 | -17,654,000 | 2,486,000 | 20,846,000 | 1,854,000 | 472,000 | 182,000 | 3,521,000 | 15,250,000 |
| Creditors | -33,000 | 367,000 | 33,000 | -383,000 | -1,009,000 | 407,000 | -1,208,000 | 649,000 | -336,000 | 936,000 | -988,000 | 971,000 | -560,000 | 546,000 | 1,133,000 |
| Accruals and Deferred Income | -2,415,000 | 5,516,000 | 5,359,000 | 6,256,000 | -3,711,000 | 3,437,000 | -4,363,000 | 1,740,000 | 3,250,000 | -1,064,000 | 1,633,000 | 3,083,000 | -1,062,000 | -2,369,000 | 26,476,000 |
| Deferred Taxes & Provisions | -208,723,000 | -38,902,000 | -85,858,000 | 47,638,000 | 33,536,000 | 3,808,000 | -72,946,000 | 106,166,000 | 214,915,000 | -208,000 | 897,000 | -635,000 | -159,000 | -956,000 | 4,482,000 |
| Cash flow from operations | -173,844,000 | -31,860,000 | -66,922,000 | 58,951,000 | 15,730,000 | 13,838,000 | -68,825,000 | 135,793,000 | 224,182,000 | -13,015,000 | 7,904,000 | 11,201,000 | 4,187,000 | -391,000 | 19,954,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -2,169,000 | -3,006,000 | -3,936,000 | -4,120,000 | -3,110,000 | ||||||||||
| Change in Investments | 29,732,000 | 102,000 | -51,000 | 93,000 | 211,000 | -25,000 | -87,000 | -43,000 | -1,918,000 | 100,000 | 190,000 | 2,128,000 | |||
| cash flow from investments | -29,732,000 | 43,000 | -251,000 | -3,106,000 | -4,126,000 | -4,120,000 | -5,238,000 | ||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 2,121,000 | ||||||||||||||
| Other Short Term Loans | -2,096,000 | -264,000 | -706,000 | 3,066,000 | |||||||||||
| Long term loans | -468,000 | -1,049,000 | 1,517,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -118,000 | -223,000 | -222,000 | 313,000 | 250,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| 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 | -19,083,000 | 8,873,000 | 32,189,000 | -19,544,000 | -20,470,000 | -6,953,000 | 23,596,000 | -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 | |||||||||||||||
| cash | 3,533,000 | -9,150,000 | 7,762,000 | 14,427,000 | -1,572,000 | 606,000 | -1,275,000 | 1,186,000 | 258,000 | -465,000 | 568,000 | 2,864,000 | -3,398,000 | -7,461,000 | 16,036,000 |
| overdraft | |||||||||||||||
| change in cash | 3,533,000 | -9,150,000 | 7,762,000 | 14,427,000 | -1,572,000 | 606,000 | -1,275,000 | 1,186,000 | 258,000 | -465,000 | 568,000 | 2,864,000 | -3,398,000 | -7,461,000 | 16,036,000 |
independent television news limited Credit Report and Business Information
Independent Television News Limited Competitor Analysis
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 group structure
Independent Television News Limited has 13 subsidiary companies.
Ultimate parent company
INDEPENDENT TELEVISION NEWS LIMITED
00548648
13 subsidiaries
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geert Linnebank | 69 years | Jan 2007 | - | Director | |
| Mr Andrew Mullins | 61 years | Nov 2018 | - | Director | |
| Mr Charles Cox | England | 66 years | Nov 2018 | - | Director |
| Ms Kyla Mullins | 58 years | Jul 2019 | - | Director | |
| Ms Rachel Corp | 52 years | Sep 2022 | - | Director | |
| Ms Adedigba Rawcliffe | England | 52 years | Oct 2023 | - | Director |
| Mr Justin Smith | England | 45 years | Jan 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
Click to start generating capital raising & share issue transactions for INDEPENDENT TELEVISION NEWS LIMITED. This can take several minutes, an email will notify you when this has completed.
independent television news limited Companies House Filings - See Documents
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