reach regionals limited
reach regionals limited Company Information
Company Number
03890736
Website
http://reachplc.comRegistered Address
one canada square, canary wharf, london, E14 5AP
Industry
Activities of head offices
Telephone
02072933000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
reach publishing group limited 100%
reach regionals limited Estimated Valuation
Pomanda estimates the enterprise value of REACH REGIONALS LIMITED at £0 based on a Turnover of £0 and 2.74x industry multiple (adjusted for size and gross margin).
reach regionals limited Estimated Valuation
Pomanda estimates the enterprise value of REACH REGIONALS LIMITED at £0 based on an EBITDA of £-1.9m and a 4.75x industry multiple (adjusted for size and gross margin).
reach regionals limited Estimated Valuation
Pomanda estimates the enterprise value of REACH REGIONALS LIMITED at £483.5m based on Net Assets of £132m and 3.66x industry multiple (adjusted for liquidity).
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Reach Regionals Limited Overview
Reach Regionals Limited is a live company located in london, E14 5AP with a Companies House number of 03890736. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1999, it's largest shareholder is reach publishing group limited with a 100% stake. Reach Regionals Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Reach Regionals Limited Health Check
Pomanda's financial health check has awarded Reach Regionals Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Reach Regionals Limited
- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (3.1%)
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- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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Profitability
There is insufficient data available for this Key Performance Indicator!
- - Reach Regionals Limited
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Employees
with 661 employees, this is above the industry average (119)
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- - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£45.8k)
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
- - Reach Regionals Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.2%, this is a lower level of debt than the average (57.4%)
- - Reach Regionals Limited
- - Industry AVG
REACH REGIONALS LIMITED financials
Reach Regionals Limited's latest turnover from December 2022 is 0 and the company has net assets of £132 million. According to their latest financial statements, Reach Regionals Limited has 661 employees and maintains cash reserves of £235 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Jun 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 540,000 | 424,000 | 601,000 | 1,704,000 | 1,834,000 | 855,000 | 963,000 | 2,160,000 | 1,781,000 | 1,082,000 | 1,322,000 | 1,061,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -1,999,000 | -5,287,000 | -18,180,000 | -800,000 | -147,215,000 | -24,513,000 | -8,700,000 | -12,071,000 | -9,991,000 | -8,400,000 | -112,887,000 | -32,701,000 | -2,300,000 | 1,817,000 | 969,000 |
| Interest Payable | 9,000 | 410,000 | 725,000 | 0 | 0 | 0 | 0 | 21,200,000 | 12,100,000 | 12,400,000 | 23,500,000 | 23,900,000 | 0 | 0 | 26,900,000 |
| Interest Receivable | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 20,900,000 | 13,600,000 | 13,800,000 | 26,200,000 | 27,100,000 | 0 | 0 | 24,700,000 |
| Pre-Tax Profit | -1,508,000 | 5,303,000 | -9,905,000 | 7,000,000 | -138,515,000 | -313,000 | 9,500,000 | -12,371,000 | 1,509,000 | 3,000,000 | -110,187,000 | 220,499,000 | 2,400,000 | 3,917,000 | 3,169,000 |
| Tax | 313,000 | 1,089,000 | 634,000 | 257,000 | 3,793,000 | 4,810,000 | 1,701,000 | 2,394,000 | 1,919,000 | 1,546,000 | -409,000 | -498,000 | -579,000 | -1,535,000 | -106,000 |
| Profit After Tax | -1,195,000 | 6,392,000 | -9,271,000 | 7,257,000 | -134,722,000 | 4,497,000 | 11,201,000 | -9,977,000 | 3,428,000 | 4,546,000 | -110,596,000 | 220,001,000 | 1,821,000 | 2,382,000 | 3,063,000 |
| Dividends Paid | 0 | 11,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 10,000,000 | 18,000,000 | 0 | 10,000,000 | 10,000,000 | 0 | 200,000,000 | 0 | 0 | 0 |
| Retained Profit | -1,195,000 | -4,608,000 | -18,271,000 | -1,743,000 | -144,722,000 | -5,503,000 | -6,799,000 | -9,977,000 | -6,572,000 | -5,454,000 | -110,596,000 | 20,001,000 | 1,821,000 | 2,382,000 | 3,063,000 |
| Employee Costs | 31,110,000 | 21,968,000 | 11,795,000 | 10,983,000 | 9,547,000 | 15,927,000 | 9,658,000 | 10,134,000 | 9,761,000 | 11,048,000 | 13,378,000 | 13,092,000 | 5,507,000 | 2,811,000 | 5,112,000 |
| Number Of Employees | 661 | 524 | 342 | 315 | 921 | 540 | 244 | 269 | 379 | 349 | 241 | 233 | 68 | 32 | 38 |
| EBITDA* | -1,913,000 | -5,213,000 | -18,003,000 | -800,000 | -147,215,000 | -24,513,000 | -8,700,000 | -11,980,000 | -9,744,000 | -8,223,000 | -112,302,000 | -32,106,000 | -1,978,000 | 1,947,000 | 1,076,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Jun 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 158,000 | 244,000 | 197,000 | 0 | 0 | 0 | 0 | 0 | 92,000 | 162,000 | 330,000 | 915,000 | 0 | 85,000 | 215,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 1,532,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 196,625,000 | 215,706,000 | 196,625,000 | 196,625,000 | 196,625,000 | 325,234,000 | 362,637,000 | 194,340,000 | 194,340,000 | 194,340,000 | 194,340,000 | 311,307,000 | 333,626,000 | 329,856,000 | 307,226,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 8,729,000 | 10,876,000 | 13,032,000 | 365,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 196,783,000 | 215,950,000 | 196,822,000 | 196,625,000 | 205,354,000 | 337,642,000 | 375,669,000 | 194,705,000 | 194,432,000 | 194,502,000 | 194,670,000 | 312,222,000 | 333,626,000 | 329,941,000 | 307,441,000 |
| Stock & work in progress | 0 | 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 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 3,428,000 | 14,889,000 | 0 | 172,905,000 | 187,747,000 | 198,017,000 | 206,727,000 | 210,830,000 | 688,663,000 | 645,363,000 | 627,649,000 |
| Misc Debtors | 3,664,000 | 882,000 | 7,180,000 | 7,841,000 | 1,277,000 | 1,722,000 | 534,000 | 1,021,000 | 1,132,000 | 1,665,000 | 850,000 | 785,000 | 707,000 | 1,480,000 | 1,845,000 |
| Cash | 235,000 | 866,000 | 15,093,000 | 358,000 | 560,000 | 37,000 | 7,000 | 2,000 | 212,000 | 682,000 | 290,000 | 341,000 | 161,000 | 61,000 | 96,000 |
| misc current assets | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,899,000 | 1,748,000 | 22,273,000 | 8,200,000 | 5,265,000 | 16,648,000 | 541,000 | 173,928,000 | 189,091,000 | 200,364,000 | 207,867,000 | 211,956,000 | 689,531,000 | 646,904,000 | 629,590,000 |
| total assets | 200,682,000 | 217,698,000 | 219,095,000 | 204,825,000 | 210,619,000 | 354,290,000 | 376,210,000 | 368,633,000 | 383,523,000 | 394,866,000 | 402,537,000 | 524,178,000 | 1,023,157,000 | 976,845,000 | 937,031,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 326,000 | 28,000 | 7,000 | 5,000 | 23,000 | 40,000 | 362,000 | 272,000 | 57,000 | 65,000 | 637,000 |
| Group/Directors Accounts | 51,393,000 | 41,797,000 | 44,787,000 | 6,559,000 | 0 | 0 | 9,890,000 | 0 | 0 | 0 | 0 | 0 | 492,367,000 | 440,845,000 | 415,456,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 84,000 | 158,000 | 290,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,541,000 | 3,103,000 | 3,021,000 | 2,926,000 | 5,493,000 | 5,006,000 | 2,658,000 | 2,555,000 | 4,539,000 | 3,680,000 | 3,045,000 | 3,916,000 | 4,206,000 | 2,765,000 | 2,621,000 |
| total current liabilities | 55,018,000 | 45,058,000 | 48,098,000 | 9,485,000 | 5,819,000 | 5,034,000 | 12,555,000 | 2,560,000 | 4,562,000 | 3,720,000 | 3,407,000 | 4,188,000 | 496,630,000 | 443,675,000 | 418,714,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 115,000 | 199,000 | 359,000 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,533,000 | 8,772,000 | 2,033,000 | 2,555,000 | 2,684,000 | 783,000 | 512,000 | 348,000 | 862,000 | 1,035,000 | 1,191,000 | 2,548,000 | 2,455,000 | 3,664,000 | 3,530,000 |
| total long term liabilities | 13,666,000 | 8,971,000 | 36,812,000 | 43,907,000 | 50,784,000 | 55,783,000 | 72,412,000 | 1,248,000 | 8,542,000 | 3,915,000 | 3,485,000 | 2,548,000 | 2,455,000 | 3,664,000 | 26,138,000 |
| total liabilities | 68,684,000 | 54,029,000 | 84,910,000 | 53,392,000 | 56,603,000 | 60,817,000 | 84,967,000 | 3,808,000 | 13,104,000 | 7,635,000 | 6,892,000 | 6,736,000 | 499,085,000 | 447,339,000 | 444,852,000 |
| net assets | 131,998,000 | 163,669,000 | 134,185,000 | 151,433,000 | 154,016,000 | 293,473,000 | 291,243,000 | 364,825,000 | 370,419,000 | 387,231,000 | 395,645,000 | 517,442,000 | 524,072,000 | 529,506,000 | 492,179,000 |
| total shareholders funds | 131,998,000 | 163,669,000 | 134,185,000 | 151,433,000 | 154,016,000 | 293,473,000 | 291,243,000 | 364,825,000 | 370,419,000 | 387,231,000 | 395,645,000 | 517,442,000 | 524,072,000 | 529,506,000 | 492,179,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jan 2017 | Dec 2015 | Dec 2014 | Jun 2014 | Dec 2013 | Dec 2012 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,999,000 | -5,287,000 | -18,180,000 | -800,000 | -147,215,000 | -24,513,000 | -8,700,000 | -12,071,000 | -9,991,000 | -8,400,000 | -112,887,000 | -32,701,000 | -2,300,000 | 1,817,000 | 969,000 |
| Depreciation | 86,000 | 74,000 | 177,000 | 0 | 0 | 0 | 0 | 91,000 | 247,000 | 177,000 | 585,000 | 595,000 | 322,000 | 130,000 | 107,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 313,000 | 1,089,000 | 634,000 | 257,000 | 3,793,000 | 4,810,000 | 1,701,000 | 2,394,000 | 1,919,000 | 1,546,000 | -409,000 | -498,000 | -579,000 | -1,535,000 | -106,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,782,000 | -6,298,000 | -661,000 | -5,593,000 | -14,053,000 | 27,487,000 | 13,566,000 | -14,588,000 | -18,698,000 | -7,895,000 | -4,038,000 | -435,228,000 | 42,527,000 | 17,349,000 | 629,494,000 |
| Creditors | 0 | 0 | 0 | -326,000 | 298,000 | 28,000 | 7,000 | -18,000 | -339,000 | -322,000 | 90,000 | 207,000 | -8,000 | -572,000 | 637,000 |
| Accruals and Deferred Income | 438,000 | 82,000 | 95,000 | -2,567,000 | 487,000 | 5,006,000 | 2,658,000 | -1,984,000 | 1,494,000 | 635,000 | -871,000 | 1,151,000 | 1,441,000 | 144,000 | 2,621,000 |
| Deferred Taxes & Provisions | -6,239,000 | 6,739,000 | -522,000 | -129,000 | 1,901,000 | 783,000 | 512,000 | -514,000 | -329,000 | -156,000 | -1,357,000 | -1,116,000 | -1,209,000 | 134,000 | 3,530,000 |
| Cash flow from operations | -10,183,000 | 8,995,000 | -17,135,000 | 2,028,000 | -126,683,000 | -41,373,000 | -17,388,000 | 2,486,000 | 11,699,000 | 1,375,000 | -110,811,000 | 402,866,000 | -44,860,000 | -17,231,000 | -621,736,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -19,081,000 | 19,081,000 | 0 | 0 | -128,609,000 | 325,234,000 | 362,637,000 | 0 | 0 | 0 | -116,967,000 | -18,549,000 | 3,770,000 | 22,630,000 | 307,226,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,596,000 | -2,990,000 | 38,228,000 | 6,559,000 | 0 | 0 | 9,890,000 | 0 | 0 | 0 | 0 | -440,845,000 | 51,522,000 | 25,389,000 | 415,456,000 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | -158,000 | -292,000 | 649,000 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 491,000 | -410,000 | -725,000 | 0 | 0 | 0 | 0 | -300,000 | 1,500,000 | 1,400,000 | 2,700,000 | 3,200,000 | 0 | 0 | -2,200,000 |
| cash flow from financing | -20,547,000 | 30,400,000 | 39,175,000 | 5,719,000 | 5,265,000 | 298,976,000 | 307,932,000 | 4,083,000 | -17,154,000 | -1,560,000 | -8,501,000 | -469,710,000 | 44,267,000 | 60,334,000 | 902,372,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -631,000 | -14,227,000 | 14,735,000 | -202,000 | 523,000 | 37,000 | 7,000 | -210,000 | -78,000 | 392,000 | -51,000 | 280,000 | 100,000 | -35,000 | 96,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -631,000 | -14,227,000 | 14,735,000 | -202,000 | 523,000 | 37,000 | 7,000 | -210,000 | -78,000 | 392,000 | -51,000 | 280,000 | 100,000 | -35,000 | 96,000 |
reach regionals limited Credit Report and Business Information
Reach Regionals Limited Competitor Analysis
Perform a competitor analysis for reach regionals limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
reach regionals limited Ownership
REACH REGIONALS LIMITED group structure
Reach Regionals Limited has 17 subsidiary companies.
Ultimate parent company
2 parents
REACH REGIONALS LIMITED
03890736
17 subsidiaries
reach regionals limited directors
Reach Regionals Limited currently has 2 directors. The longest serving directors include Mr James Mullen (Aug 2019) and Mr Darren Fisher (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Mullen | 53 years | Aug 2019 | - | Director | |
| Mr Darren Fisher | United Kingdom | 58 years | Feb 2023 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
-2m
-62%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
132m
-0.19%
total assets
200.7m
-0.08%
cash
235k
-0.73%
net assets
Total assets minus all liabilities
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reach regionals limited company details
company number
03890736
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
trinity mirror regionals limited (May 2018)
trinity mirror regionals plc (October 2013)
See moreincorporated
UK
address
one canada square, canary wharf, london, E14 5AP
last accounts submitted
December 2022
reach regionals 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 reach regionals limited.
reach regionals limited Companies House Filings - See Documents
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