article 19
article 19 Company Information
Company Number
02097222
Website
www.article19.orgRegistered Address
72-82 rosebery avenue, london, EC1R 4RW
Industry
Activities of other membership organisations n.e.c.
Telephone
02073242500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
-0%
article 19 Estimated Valuation
Pomanda estimates the enterprise value of ARTICLE 19 at £11.4m based on a Turnover of £15.2m and 0.75x industry multiple (adjusted for size and gross margin).
article 19 Estimated Valuation
Pomanda estimates the enterprise value of ARTICLE 19 at £3.3m based on an EBITDA of £325.6k and a 10x industry multiple (adjusted for size and gross margin).
article 19 Estimated Valuation
Pomanda estimates the enterprise value of ARTICLE 19 at £16m based on Net Assets of £5.9m and 2.69x industry multiple (adjusted for liquidity).
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Article 19 Overview
Article 19 is a live company located in london, EC1R 4RW with a Companies House number of 02097222. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in February 1987, it's largest shareholder is unknown. Article 19 is a mature, mid sized company, Pomanda has estimated its turnover at £15.2m with healthy growth in recent years.
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Article 19 Health Check
Pomanda's financial health check has awarded Article 19 a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £15.2m, make it larger than the average company (£382.4k)
£15.2m - Article 19
£382.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.8%)
5% - Article 19
2.8% - Industry AVG
Production
with a gross margin of 54.9%, this company has a comparable cost of product (54.9%)
54.9% - Article 19
54.9% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (4.3%)
2% - Article 19
4.3% - Industry AVG
Employees
with 183 employees, this is above the industry average (9)
183 - Article 19
9 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has a higher pay structure (£26k)
£47.1k - Article 19
£26k - Industry AVG
Efficiency
resulting in sales per employee of £83.2k, this is more efficient (£60.3k)
£83.2k - Article 19
£60.3k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is later than average (14 days)
20 days - Article 19
14 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (30 days)
25 days - Article 19
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Article 19
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 216 weeks, this is average cash available to meet short term requirements (200 weeks)
216 weeks - Article 19
200 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.3%, this is a higher level of debt than the average (13.5%)
20.3% - Article 19
13.5% - Industry AVG
ARTICLE 19 financials
Article 19's latest turnover from December 2022 is £15.2 million and the company has net assets of £5.9 million. According to their latest financial statements, Article 19 has 183 employees and maintains cash reserves of £6.3 million 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 | 15,232,690 | 14,201,623 | 11,839,165 | 13,058,990 | 9,102,013 | 7,813,480 | 6,005,309 | 4,356,196 | 4,005,835 | 4,028,863 | 3,075,044 | 2,155,702 | 2,376,512 | 2,336,245 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| 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 | 0 |
| Pre-Tax Profit | 412,169 | 1,044,319 | 1,624,713 | -578,062 | 30,806 | 814,880 | 732,739 | -555,531 | -58,796 | 379,406 | 274,294 | 44,042 | 373,614 | -221,735 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 412,169 | 1,044,319 | 1,624,713 | -578,062 | 30,806 | 814,880 | 732,739 | -555,531 | -58,796 | 379,406 | 274,294 | 44,042 | 373,614 | -221,735 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 412,169 | 1,044,319 | 1,624,713 | -578,062 | 30,806 | 814,880 | 732,739 | -555,531 | -58,796 | 379,406 | 274,294 | 44,042 | 373,614 | -221,735 |
| Employee Costs | 8,614,936 | 7,713,586 | 6,547,836 | 6,083,797 | 4,803,146 | 3,026,772 | 2,638,739 | 2,305,986 | 1,773,090 | 1,562,362 | 1,129,163 | 1,167,933 | 1,041,284 | 654,598 |
| Number Of Employees | 183 | 176 | 166 | 167 | 78 | 75 | 79 | 63 | 29 | 26 | 17 | |||
| EBITDA* |
* 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 | 129,763 | 66,759 | 72,740 | 67,751 | 44,223 | 4,846 | 3,145 | 3,588 | 13,838 | 21,845 | 9,002 | 14,973 | 20,830 | 33,257 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 129,763 | 66,759 | 72,740 | 67,751 | 44,223 | 4,846 | 3,145 | 3,588 | 13,838 | 21,845 | 9,002 | 14,973 | 20,830 | 33,257 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 862,761 | 1,059,971 | 127,603 | 246,814 | 248,694 | 241,837 | 319,908 | 784,064 | 105,832 | 456,715 | 156,444 | 308,928 | 151,041 | 254,856 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,519 |
| Misc Debtors | 179,856 | 226,305 | 535,330 | 564,994 | 115,859 | 166,803 | 93,128 | 34,217 | 18,634 | 37,633 | 47,588 | 28,900 | 14,927 | 39,427 |
| Cash | 6,276,061 | 5,631,958 | 5,087,833 | 3,722,769 | 3,613,481 | 2,580,445 | 2,020,527 | 1,223,716 | 2,577,868 | 1,793,242 | 1,895,924 | 1,403,004 | 1,135,177 | 1,034,541 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,318,678 | 6,918,234 | 5,750,766 | 4,534,577 | 3,978,034 | 2,989,085 | 2,433,563 | 2,041,997 | 2,702,334 | 2,287,590 | 2,099,956 | 1,740,832 | 1,301,145 | 1,357,343 |
| total assets | 7,448,441 | 6,984,993 | 5,823,506 | 4,602,328 | 4,022,257 | 2,993,931 | 2,436,708 | 2,045,585 | 2,716,172 | 2,309,435 | 2,108,958 | 1,755,805 | 1,321,975 | 1,390,600 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 486,212 | 505,048 | 433,115 | 499,300 | 230,390 | 89,083 | 578,199 | 35,426 | 42,099 | 59,964 | 67,434 | 0 | 12,347 | 12,454 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 1,023,097 | 952,982 | 907,747 | 1,245,097 | 355,874 | 231,460 | 0 | 884,389 | 942,912 | 459,514 | 630,973 | 619,548 | 217,413 | 659,545 |
| total current liabilities | 1,509,309 | 1,458,030 | 1,340,862 | 1,744,397 | 586,264 | 320,543 | 578,199 | 919,815 | 985,011 | 519,478 | 698,407 | 619,548 | 229,760 | 671,999 |
| 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 | 1,509,309 | 1,458,030 | 1,340,862 | 1,744,397 | 586,264 | 320,543 | 578,199 | 919,815 | 985,011 | 519,478 | 698,407 | 619,548 | 229,760 | 671,999 |
| net assets | 5,939,132 | 5,526,963 | 4,482,644 | 2,857,931 | 3,435,993 | 2,673,388 | 1,858,509 | 1,125,770 | 1,731,161 | 1,789,957 | 1,410,551 | 1,136,257 | 1,092,215 | 718,601 |
| total shareholders funds | 5,939,132 | 5,526,963 | 4,482,644 | 2,857,931 | 3,435,993 | 2,673,388 | 1,858,509 | 1,125,770 | 1,731,161 | 1,789,957 | 1,410,551 | 1,136,257 | 1,092,215 | 718,601 |
| 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 | ||||||||||||||
| Depreciation | 25,142 | 18,259 | 28,971 | 17,179 | 10,855 | 2,231 | 5,308 | 10,250 | 8,674 | 15,682 | 14,457 | 13,189 | 15,752 | 9,341 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -243,659 | 623,343 | -148,875 | 447,255 | -44,087 | -4,396 | -405,245 | 693,815 | -369,882 | 290,316 | -133,796 | 171,860 | -156,834 | 322,802 |
| Creditors | -18,836 | 71,933 | -66,185 | 268,910 | 141,307 | -489,116 | 542,773 | -6,673 | -17,865 | -7,470 | 67,434 | -12,347 | -107 | 12,454 |
| Accruals and Deferred Income | 70,115 | 45,235 | -337,350 | 889,223 | 124,414 | 231,460 | -884,389 | -58,523 | 483,398 | -171,459 | 11,425 | 402,135 | -442,132 | 659,545 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -29,625 | -3,932 | -4,865 | 0 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -29,625 | -3,932 | -4,865 | 0 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 |
| cash flow from financing | 0 | 0 | 0 | 0 | 731,799 | -1 | 0 | -49,860 | 0 | 0 | 0 | 0 | 0 | 940,336 |
| cash and cash equivalents | ||||||||||||||
| cash | 644,103 | 544,125 | 1,365,064 | 109,288 | 1,033,036 | 559,918 | 796,811 | -1,354,152 | 784,626 | -102,682 | 492,920 | 267,827 | 100,636 | 1,034,541 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 644,103 | 544,125 | 1,365,064 | 109,288 | 1,033,036 | 559,918 | 796,811 | -1,354,152 | 784,626 | -102,682 | 492,920 | 267,827 | 100,636 | 1,034,541 |
article 19 Credit Report and Business Information
Article 19 Competitor Analysis
Perform a competitor analysis for article 19 by selecting its closest rivals and benchmarking them against 12 key performance metrics.
article 19 Ownership
ARTICLE 19 group structure
Article 19 has no subsidiary companies.
Ultimate parent company
ARTICLE 19
02097222
article 19 directors
Article 19 currently has 11 directors. The longest serving directors include Ms Gayathry Venkiteswaran (Jun 2016) and Mr Robert Latham (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Gayathry Venkiteswaran | England | 51 years | Jun 2016 | - | Director |
| Mr Robert Latham | England | 64 years | Jun 2018 | - | Director |
| Mr Mark Salway | England | 56 years | Oct 2018 | - | Director |
| Ms Lesley Swarbrick | England | 60 years | Jun 2019 | - | Director |
| Ms Aparna Ravi | England | 45 years | Jun 2020 | - | Director |
| Mr David Viney | England | 54 years | Dec 2020 | - | Director |
| Mr David Kaye | England | 55 years | Dec 2020 | - | Director |
| Mr Charles Onyango-Obbo | England | 53 years | Jun 2021 | - | Director |
| Ms Lucia Nader | England | 46 years | Jun 2022 | - | Director |
| Mr Javier Garza Ramos | England | 51 years | Jun 2023 | - | Director |
P&L
December 2022turnover
15.2m
+7%
operating profit
300.5k
0%
gross margin
55%
-8.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.9m
+0.07%
total assets
7.4m
+0.07%
cash
6.3m
+0.11%
net assets
Total assets minus all liabilities
article 19 company details
company number
02097222
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
94990 - Activities of other membership organisations n.e.c.
incorporation date
February 1987
age
37
accounts
Group
ultimate parent company
previous names
article 19 research and information centre on censorship (July 2009)
incorporated
UK
address
72-82 rosebery avenue, london, EC1R 4RW
last accounts submitted
December 2022
article 19 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 article 19.
article 19 Companies House Filings - See Documents
| date | description | view/download |
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