pressreader limited
pressreader limited Company Information
Company Number
09998216
Next Accounts
Dec 2025
Shareholders
oradell equities inc.
stefapro corp.
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
c/o mccarthy tetrault, 1 angel court, london, EC2R 7HJ
Website
about.pressreader.compressreader limited Estimated Valuation
Pomanda estimates the enterprise value of PRESSREADER LIMITED at £78.4m based on a Turnover of £37.2m and 2.1x industry multiple (adjusted for size and gross margin).
pressreader limited Estimated Valuation
Pomanda estimates the enterprise value of PRESSREADER LIMITED at £37.2m based on an EBITDA of £4.3m and a 8.74x industry multiple (adjusted for size and gross margin).
pressreader limited Estimated Valuation
Pomanda estimates the enterprise value of PRESSREADER LIMITED at £5.7m based on Net Assets of £4.3m and 1.34x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Pressreader Limited Overview
Pressreader Limited is a live company located in london, EC2R 7HJ with a Companies House number of 09998216. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2016, it's largest shareholder is oradell equities inc. with a 83.2% stake. Pressreader Limited is a young, large sized company, Pomanda has estimated its turnover at £37.2m with healthy growth in recent years.
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Pressreader Limited Health Check
Pomanda's financial health check has awarded Pressreader Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £37.2m, make it larger than the average company (£19.2m)
£37.2m - Pressreader Limited
£19.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (11.7%)
7% - Pressreader Limited
11.7% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
34.9% - Pressreader Limited
34.9% - Industry AVG
Profitability
an operating margin of 5.3% make it as profitable than the average company (4.6%)
5.3% - Pressreader Limited
4.6% - Industry AVG
Employees
with 195 employees, this is above the industry average (105)
- Pressreader Limited
105 - Industry AVG
Pay Structure
on an average salary of £60.6k, the company has a higher pay structure (£44.6k)
- Pressreader Limited
£44.6k - Industry AVG
Efficiency
resulting in sales per employee of £191k, this is equally as efficient (£191.1k)
- Pressreader Limited
£191.1k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (44 days)
62 days - Pressreader Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (43 days)
60 days - Pressreader Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pressreader Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (14 weeks)
31 weeks - Pressreader Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.6%, this is a higher level of debt than the average (68.5%)
86.6% - Pressreader Limited
68.5% - Industry AVG
PRESSREADER LIMITED financials
Pressreader Limited's latest turnover from March 2024 is £37.2 million and the company has net assets of £4.3 million. According to their latest financial statements, we estimate that Pressreader Limited has 195 employees and maintains cash reserves of £14.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 37,249,996 | 36,197,641 | 33,071,947 | 30,552,162 | 25,824,638 | 23,839,012 | 22,776,735 | 20,774,393 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 1,986,814 | 1,644,883 | -871,272 | -673,656 | 2,077,080 | 280,115 | ||
| Interest Payable | 2,217 | 935,938 | 51,884 | 77,642 | 25,536 | 0 | 0 | 1,665 |
| Interest Receivable | 282,340 | 20,258 | 0 | 0 | 0 | 7,129 | 2,152 | 0 |
| Pre-Tax Profit | 2,121,399 | 165,295 | -1,409,274 | 342,034 | 1,782,714 | 1,405,655 | 2,839,386 | 1,366,082 |
| Tax | 907,814 | -682,904 | -196,986 | -282,162 | -427,591 | -304,453 | -869,113 | -328,828 |
| Profit After Tax | 3,029,213 | -517,609 | -1,606,260 | 59,872 | 1,355,122 | 1,101,202 | 1,970,273 | 1,037,254 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 112,153 | 194,090 |
| Retained Profit | 2,962,629 | -503,350 | -1,567,997 | 90,568 | 1,273,853 | 1,024,221 | 1,773,529 | 843,164 |
| Employee Costs | 11,822,352 | 12,324,011 | 17,896,463 | 17,163,259 | 13,148,926 | 11,909,781 | 11,107,474 | 10,728,501 |
| Number Of Employees | ||||||||
| EBITDA* | 4,257,649 | 2,914,892 | 492,220 | 666,873 | 2,636,647 | 712,422 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,997,166 | 1,077,977 | 2,855,943 | 4,137,153 | 3,698,466 | 1,362,113 | 990,916 | 1,093,923 |
| Intangible Assets | 7,983,691 | 1,373,883 | 1,703,167 | 1,367,608 | 1,236,433 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 223,522 |
| Debtors (Due After 1 year) | 1,149,572 | 0 | 191,833 | 420,391 | 416,587 | 0 | 0 | 0 |
| Total Fixed Assets | 9,980,857 | 2,451,859 | 4,367,275 | 5,150,982 | 4,518,311 | 1,362,113 | 990,915 | 1,093,923 |
| Stock & work in progress | 0 | 0 | 347,288 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,401,645 | 7,582,611 | 6,064,484 | 5,203,398 | 5,656,604 | 5,232,889 | 4,611,327 | 4,871,783 |
| Group Debtors | 0 | 0 | 0 | 129,662 | 24,764 | 30,939 | 444,853 | 87,939 |
| Misc Debtors | 2,548,055 | 2,982,340 | 4,011,829 | 1,693,333 | 1,958,481 | 1,507,770 | 1,423,748 | 1,998,922 |
| Cash | 14,115,195 | 9,784,776 | 8,733,064 | 11,424,249 | 7,979,799 | 7,316,758 | 5,586,838 | 3,777,513 |
| misc current assets | 10,186 | 0 | 0 | 1,310,725 | 2,719 | 812,153 | 753,778 | 718,673 |
| total current assets | 23,113,764 | 20,349,728 | 19,222,345 | 19,914,340 | 15,946,213 | 14,900,510 | 12,820,546 | 11,454,832 |
| total assets | 33,094,621 | 22,801,587 | 23,589,620 | 25,065,322 | 20,464,524 | 16,262,623 | 13,811,461 | 12,548,755 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,041,820 | 3,912,597 | 3,927,927 | 4,164,747 | 3,329,654 | 3,030,399 | 3,158,640 | 4,154,920 |
| Group/Directors Accounts | 1 | 0 | 0 | 0 | 873,854 | 118,109 | 28,867 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 426,436 | 349,813 | 463,987 | 536,698 | 367,832 | 19,376 | 13,326 | 0 |
| other current liabilities | 18,930,961 | 16,236,713 | 16,129,856 | 14,532,152 | 11,043,258 | 10,879,576 | 9,382,185 | 8,040,682 |
| total current liabilities | 23,399,219 | 20,499,124 | 20,521,771 | 19,233,599 | 15,614,598 | 14,047,461 | 12,583,019 | 12,195,603 |
| loans | 2,542,128 | 970,100 | 1,649,142 | 3,566,962 | 3,147,312 | 155,532 | 115,044 | 0 |
| hp & lease commitments | 1,271,064 | 485,050 | 824,571 | 1,783,481 | 1,573,656 | 77,766 | 57,522 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,714,789 | 0 | 0 | 0 | 0 | 0 | 0 | 1,099,159 |
| provisions | 559,314 | 762,099 | 532,840 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,265,511 | 866,100 | 1,090,992 | 1,783,481 | 1,573,656 | 77,767 | 57,521 | 1,099,159 |
| total liabilities | 28,664,730 | 21,365,224 | 21,612,763 | 21,017,080 | 17,188,254 | 14,125,228 | 12,640,540 | 13,294,762 |
| net assets | 4,282,371 | 1,352,896 | 1,858,355 | 3,873,393 | 3,081,497 | 1,995,510 | 1,106,102 | -746,007 |
| total shareholders funds | 4,282,371 | 1,352,896 | 1,858,355 | 3,873,393 | 3,081,498 | 1,995,510 | 1,106,102 | -746,008 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 1,986,814 | 1,644,883 | -871,272 | -673,656 | 2,077,080 | 280,115 | ||
| Depreciation | 591,252 | 656,410 | 1,129,210 | 1,063,648 | 444,022 | 485,507 | 432,307 | |
| Amortisation | 1,679,583 | 613,600 | 234,282 | 276,881 | 115,545 | 0 | 0 | |
| Tax | 907,814 | -682,904 | -196,986 | -282,162 | -427,591 | -304,453 | -869,113 | -328,828 |
| Stock | 0 | -347,288 | 347,288 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -465,679 | 296,805 | 2,821,363 | -609,652 | 1,284,838 | 291,670 | -478,716 | 6,958,644 |
| Creditors | 129,223 | -15,331 | -236,820 | 835,093 | 299,255 | -128,241 | -996,280 | 4,154,920 |
| Accruals and Deferred Income | 2,694,248 | 106,857 | 1,597,704 | 3,488,894 | 163,682 | 1,497,391 | 1,341,503 | 8,040,682 |
| Deferred Taxes & Provisions | -202,785 | 229,259 | 532,840 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 8,251,828 | 2,603,257 | -979,693 | 5,318,350 | 1,387,155 | 667,248 | ||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -223,522 | 223,522 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -873,854 | 755,745 | 89,241 | 28,867 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,572,028 | -679,042 | -1,917,820 | 419,650 | 2,991,780 | 40,488 | 115,044 | 0 |
| Hire Purchase and Lease Commitments | 862,637 | -453,695 | -1,031,621 | 378,691 | 1,844,346 | 26,294 | 70,848 | 0 |
| other long term liabilities | 3,714,789 | 0 | 0 | 0 | 0 | 0 | -1,099,159 | 1,099,159 |
| share issue | ||||||||
| interest | 280,123 | -915,680 | -51,884 | -77,642 | -25,536 | 7,129 | 2,152 | -1,665 |
| cash flow from financing | 6,396,423 | -2,050,526 | -3,448,366 | 548,172 | 5,378,469 | 28,340 | -803,667 | -491,678 |
| cash and cash equivalents | ||||||||
| cash | 4,330,419 | 1,051,712 | -2,691,185 | 3,444,450 | 663,041 | 1,729,920 | 1,809,325 | 3,777,513 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,330,419 | 1,051,712 | -2,691,185 | 3,444,450 | 663,041 | 1,729,920 | 1,809,325 | 3,777,513 |
pressreader limited Credit Report and Business Information
Pressreader Limited Competitor Analysis
Perform a competitor analysis for pressreader limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2R area or any other competitors across 12 key performance metrics.
pressreader limited Ownership
PRESSREADER LIMITED group structure
Pressreader Limited has no subsidiary companies.
Ultimate parent company
ORADELL EQUITIES INC
#0128169
1 parent
PRESSREADER LIMITED
09998216
pressreader limited directors
Pressreader Limited currently has 4 directors. The longest serving directors include Mr Glen Granovsky (Feb 2016) and Ms Esther Dyson (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Glen Granovsky | England | 62 years | Feb 2016 | - | Director |
| Ms Esther Dyson | 73 years | Feb 2016 | - | Director | |
| Mr Alexander Kroogman | England | 66 years | Apr 2022 | - | Director |
| Mr Anatoli Karatchinski | England | 65 years | Dec 2023 | - | Director |
P&L
March 2024turnover
37.2m
+3%
operating profit
2m
+21%
gross margin
34.9%
-0.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
4.3m
+2.17%
total assets
33.1m
+0.45%
cash
14.1m
+0.44%
net assets
Total assets minus all liabilities
pressreader limited company details
company number
09998216
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
February 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
KPMG
address
c/o mccarthy tetrault, 1 angel court, london, EC2R 7HJ
Bank
-
Legal Advisor
-
pressreader 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 pressreader limited.
pressreader limited Capital Raised & Share Issues BETA
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pressreader limited Companies House Filings - See Documents
| date | description | view/download |
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