JOHNSTON PUBLISHING LIMITED

SHIP CANAL HOUSE 8TH FLOOR, 98 KING STREET, MANCHESTER, M2 4WB

Company Number: 01919088
Incorporation date: 04-Jun-1985
Status: Active - Proposal to Strike off
Entity type: Private Limited Company

SIC codes:
58130 Publishing of newspapers

SUMMARY

This company is 39.9 years old and is currently active - proposal to strike off. It is controlled by Johnston Press Plc. The latest reported revenue figure is GBP 171.5 million which is down -20% on the previous year. Retained earnings is negative (GBP -354.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. . The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Sep-2019
Accounts Filed: FULL (30-Dec-2017)

P&L Financials:

Year end	Currency	Revenue	Operating profit	Interest Paid	Tax	Net Profit GBP
30-Dec-2017	GBP	171,506,000	-24,439,000			-18,483,000
31-Dec-2016	GBP	204,938,000	-403,208,000			-407,337,000
02-Jan-2016	GBP	242,269,000	27,393,000		6,818,000	28,775,000
03-Jan-2015	GBP			3,330,000	7,459,000	45,571,000
28-Dec-2013	GBP				-1,856,000	-46,853,000
29-Dec-2012	GBP				10,809,000	86,881,000

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Current Liabilities	Debt	Retained Earnings	Net Assets
30-Dec-2017	GBP	23,038,000	59,946,000	411,617,000	4,166,000	-354,550,000
31-Dec-2016	GBP	14,103,000	62,687,000	464,496,000	3,481,000	-369,270,000
02-Jan-2016	GBP	27,889,000	819,673,000	1,101,276,000	819,000	98,791,000	107,563,000
03-Jan-2015	GBP	15,258,000	1,493,354,000	1,787,545,000	912,000	46,784,000	54,808,000
28-Dec-2013	GBP	6,709,000	1,470,181,000	1,810,709,000	1,130,000	261,000	19,924,000
29-Dec-2012	GBP	7,277,000	1,412,942,000	1,772,579,000	1,355,000	29,154,000	36,397,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Nationality	All apointments (active/resigned)
Resigned	Peter MCCALL	02 Nov 2009	17 May 2019		0 - 1
Resigned	Philip Richard COOPER	01 Jul 1996	02 Nov 2009	British	0 - 97
Resigned	Michael John HARRISON		01 Jul 1996	British	0 - 7

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Resigned	Michael Guy BUTTERWORTH	29 Jun 2018	17 May 2019	Chartered Accountant	British	3 - 118	46 (38.0%)
Resigned	John BILLS	08 Aug 2015	30 Sep 2017	Managing Director	British	0 - 7	4 (57.1%)
Resigned	Neil Stanley JONES	12 Aug 2013	11 Jun 2014	Group Commercial & Marketing Director	British	1 - 7	5 (62.5%)
Resigned	David John KING	01 Jun 2013	17 May 2019	Chief Financial Officer	British	1 - 125	53 (42.1%)
Resigned	Ashley Gilroy Mark HIGHFIELD	01 Nov 2011	05 Jun 2018	Chief Executive Officer	British	0 - 87	28 (32.2%)
Resigned	Grant MURRAY	03 May 2011	15 May 2013	Chief Financial Officer	British	1 - 99	36 (36.0%)
Resigned	Danny CAMMIADE	15 Mar 2011	31 Mar 2013	Chief Operating Officer	British	9 - 128	53 (38.7%)
Resigned	John Anthony FRY	05 Jan 2009	31 Oct 2011	Chief Executive	British	2 - 190	59 (30.7%)
Resigned	Stuart Randall PATERSON	01 Jun 2001	15 Mar 2011	Company Director	British	0 - 172	61 (35.5%)
Resigned	Graham Sheridan GOULD	01 Mar 1994	30 Dec 1994	Company Director	British	0 - 10	2 (20.0%)
Resigned	Timothy John BOWDLER	01 Jan 1994	31 Dec 2008	Company Director	British	0 - 108	47 (43.5%)
Resigned	Ralph Charles Malcolm FROST	23 Oct 1992	30 Dec 1994	Company Director	British	0 - 4	3 (75.0%)
Resigned	Frederick Patrick Mair JOHNSTON	29 Sep 1992	15 Sep 1997	Company Director	British	0 - 47	9 (19.1%)
Resigned	Iain William BELL	29 Sep 1992	30 Dec 1994	Company Director	British	0 - 32	12 (37.5%)
Resigned	Marco Luigi Autimio CHIAPPELLI	09 Apr 1992	16 Jul 2001	Company Director	British	2 - 77	29 (36.7%)
Resigned	William MOORES		05 Dec 1994	Company Director	British	0 - 5	1 (20.0%)
Resigned	Vincent HOGAN		05 Dec 1994	Company Director	British	2 - 1	1 (33.3%)
Resigned	Marco Luigi Autimio CHIAPPELLI		16 Jul 2001	Company Director	British	2 - 77	29 (36.7%)
Resigned	Iain William BELL		30 Dec 1994	Company Director	British	0 - 32	12 (37.5%)
Resigned	Frederick Patrick Mair JOHNSTON		15 Sep 1997	Company Director	British	0 - 47	9 (19.1%)

No director information in our Database

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

No information on directors in other companies.

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2017-04-29	2016-04-29	2015-04-29	2014-04-29	2013-04-29
JOHNSTON PRESS PLC	ORDINARY SHARES	100 100%	100 100%	100 100%	100 100%	100 100%

SHAREHOLDINGS (BETA)

Company name	Share class	Shares at confimation date
Company name	Share class	2017-05-04	2017-04-20	2017-04-11	2016-05-04	2016-04-20
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	630,000 41.8%	100 100%	80,760 83.7%	630,000 41.8%	100 100%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	350,000 23.2%	0 0%	0 0%	350,000 23.2%	0 0%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	304,000 20.2%	0 0%	0 0%	304,000 20.2%	0 0%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	100,000 6.63%	0 0%	0 0%	100,000 6.63%	0 0%
JOHNSTON PUBLISHING LIMITED	5.25% CUMULATIVE PREFERENCE SHARES	60,000 3.98%	0 0%	0 0%	60,000 3.98%	0 0%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	20,112 1.33%	0 0%	0 0%	20,112 1.33%	0 0%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	12,000 0.796%	0 0%	0 0%	12,000 0.796%	0 0%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	11,730 0.778%	0 0%	0 0%	11,730 0.778%	0 0%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	10,000 0.663%	0 0%	0 0%	10,000 0.663%	0 0%
JOHNSTON PUBLISHING LIMITED	ORDINARY SHARES	10,000 0.663%	0 0%	0 0%	10,000 0.663%	0 0%
JOHNSTON PUBLISHING LIMITED	PREFERENCE SHARES	0 0%	0 0%	15,765 16.3%	0 0%	0 0%

CONTROLLED COMPANIES / CONTROLLING ENTITIES

>75%:Johnston Press Plc (Sc015382 - United Kingdom) active

Controlling entities above

JOHNSTON PUBLISHING LIMITED

Controlled companies below

>75%:WELLAND VALLEY NEWSPAPERS LIMITED (03228461 - UK) active
>75%:NORTHAMPTON WEB LIMITED (01265807 - UK) active
>75%:ILIFFE MEDIA PUBLISHING LIMITED (10521838 - UK) ceased
- >75%:STAMFORD PUBLICATIONS LIMITED (00881608 - UK) active
- >75%:CHERRYHOLT HOLDINGS LIMITED (06703260 - UK) active
  - >75%:STAMFORD PUBLICATIONS LIMITED (00881608 - UK) ceased
>75%:REGIONAL INDEPENDENT MEDIA FUNDING 2 LIMITED (03516612 - UK) active
>75%:REGIONAL INDEPENDENT MEDIA FUNDING 1 LIMITED (03516643 - UK) active
>75%:REGIONAL INDEPENDENT MEDIA GROUP LIMITED (03516655 - UK) active
>75%:REGIONAL INDEPENDENT MEDIA ACQUISITIONS LIMITED (03512564 - UK) active
>75%:THE TWEEDDALE PRESS LIMITED (SC020984 - UK) active
>75%:LOVE NEWS MEDIA LTD (07610633 - UK) active
>75%:REGIONAL INTERACTIVE MEDIA LIMITED (01656140 - UK) active
>75%:YORKSHIRE POST NEWSPAPERS LIMITED (00002899 - UK) active
>75%:REPORTER LIMITED(THE) (00050742 - UK) active
>75%:BLACKPOOL GAZETTE AND HERALD LIMITED (00042125 - UK) active
>75%:LANCASTER & MORECAMBE NEWSPAPERS LIMITED (00090399 - UK) active
>75%:EAST LANCASHIRE NEWSPAPERS LIMITED (00129579 - UK) active
>75%:LANCASHIRE PUBLICATIONS LIMITED (00508284 - UK) active
>75%:SHEFFIELD NEWSPAPERS LIMITED (00780919 - UK) active
>75%:LANCASHIRE EVENING POST LIMITED (01344614 - UK) active
>75%:JOHNSTON LETTERBOX DIRECT LTD. (01492610 - UK) active
>75%:ACKRILL NEWSPAPERS LIMITED (01635068 - UK) active
>75%:JOHNSTON PUBLISHING (NORTH) LTD. (03392487 - UK) active

LATE PAYMENTS REPORT

Start date	End date	Average days to pay	% invoices paid over 60 days	% invoices not paid within agreed terms	Gov.uk report
2018-01-01	2018-06-30	29	10%	49%	4548

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 58130 Publishing of newspapers)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
ASSOCIATED NEWSPAPERS LIMITED	NORTHCLIFFE HOUSE, 2 DERRY STREET, LONDON, W8 5TT	00084121	2017-10-01	676,277,000	13,825,000
FINANCIAL TIMES LIMITED(THE)	BRACKEN HOUSE, 1 FRIDAY STREET, LONDON, ENGLAND, EC4M 9BT	00227590	2017-12-31	321,434,000	5,383,000
TELEGRAPH MEDIA GROUP LIMITED	111 BUCKINGHAM PALACE ROAD, LONDON, SW1W 0DT	00451593	2017-12-31	278,100,000	12,700,000
GUARDIAN MEDIA GROUP PLC	KINGS PLACE, 90 YORK WAY, LONDON, ENGLAND, ENGLAND, N1 9GU	00094531	2018-04-01	217,000,000	19,800,000
JOHNSTON PUBLISHING LIMITED	SHIP CANAL HOUSE 8TH FLOOR, 98 KING STREET, MANCHESTER, M2 4WB	01919088	2017-12-30	171,506,000	-18,483,000
EXPRESS NEWSPAPERS	ONE CANADA SQUARE, CANARY WHARF, LONDON, UNITED KINGDOM, E14 5AP	00141748	2017-12-31	165,330,000	20,896,000
LOCAL WORLD LIMITED	ONE CANADA SQUARE, CANARY WHARF, LONDON, E14 5AP	08290481	2017-12-31	147,548,000	1,135,000
NEWSQUEST MEDIA GROUP LIMITED	NEWSQUEST MEDIA GROUP LTD 1ST FLOOR, CHARTIST TOWER, UPPER DOCK STREET, NEWPORT, WALES, NP20 1DW	01676637	2017-12-31	130,461,000	-213,305,000
TRINITY MIRROR NORTH WEST & NORTH WALES LIMITED	ONE CANADA SQUARE, CANARY WHARF, LONDON, E14 5AP	00127699	2017-12-31	124,466,000	17,786,000
ARCHANT COMMUNITY MEDIA LIMITED	NEWSQUEST MEDIA GROUP LTD 1ST FLOOR, CHARTIST TOWER, UPPER DOCK STREET, NEWPORT, WALES, NP20 1DW	00019300	2017-12-31	96,051,000	-8,276,000	58190-Other publishing activities
EVENING STANDARD LIMITED	ALPHABETA, 14-18 FINSBURY SQUARE, LONDON, ENGLAND, EC2A 1AH	06770098	2017-10-01	63,897,000	-11,780,000
MIDLAND NEWS ASSOCIATION LIMITED(THE)	8TH FLOOR MANDER HOUSE, MANDER CENTRE, WOLVERHAMPTON, UNITED KINGDOM, WV1 3NH	00483353	2017-12-30	31,648,000	-120,000
RACONTEUR MEDIA LIMITED	5 NEW STREET SQUARE, LONDON, UNITED KINGDOM, EC4A 3TW	06641353	2017-12-31	6,023,717	0
FINANCIAL TIMES (ASC) LIMITED	BRACKEN HOUSE, 1 FRIDAY STREET, LONDON, ENGLAND, EC4M 9BT	00519261	2017-12-31	4,650,000	304,000
GV MEDIA GROUP LIMITED	UNIT 1 MANDELA WAY, BRICKLAYES ARM, LONDON, ENGLAND, SE1 5SR	02132170	2018-03-31	603,234	0
CITIZEN NEWS & MEDIA LIMITED	9 PERSEVERANCE WORKS, 38 KINGSLAND ROAD, LONDON, ENGLAND, E2 8DD	06426082	2018-11-30	112,700	0
VILLAGE VOICE MAGAZINES LTD	50 REDHALL ROAD, GORNAL WOOD, DUDLEY, WEST MIDLANDS, DY3 2NL	07188453	2018-03-31	100,408	0
PURE PUBLICATIONS LIMITED	FAIRLIGHT BEACONSFIELD ROAD, CHELWOOD GATE, HAYWARDS HEATH, EAST SUSSEX, UNITED KINGDOM, RH17 7LF	08171885	2017-08-31	79,831	0
CAERPHILLY MEDIA LTD	CAERPHILLY MINERS CENTRE FOR THE COMMUNITY, WATFORD ROAD, CAERPHILLY, WALES, CF83 1BJ	07604006	2018-04-30	70,136	0	63120-Web portals
POYNTON POST LIMITED	17-19 PARK LANE, POYNTON, STOCKPORT, CHESHIRE, SK12 1RD	04509222	2018-08-31	50,586	0
MCARTHUR MEDIA LTD	G3 6UQ, FLAT 2/2 ALMANDINE APPARTMENTS 155 HILL STREET FLAT 2/2 ALMANDINE APPARTMENTS, 155 HILL STREET, GLASGOW, SCOTLAND, G3 6UQ	SC425158	2018-05-28	33,145	0
HATRICKS PUBLIC RELATIONS LTD	103A TELFORD AVENUE, LONDON, ENGLAND, SW2 4XW	03283848	2018-11-30	23,889	0	59113-Television programme production activities 59200-Sound recording and music publishing activities 70210-Public relations and communications activities
MARLBOROUGH.NEWS LTD	49 LOCKERIDGE, MARLBOROUGH, ENGLAND, SN8 4EL	10353628	2018-08-31	13,000	0
NEW TRICKS PUBLISHING LTD.	129 VERDANT LANE, HITHER GREEN, LONDON, UNITED KINGDOM, SE6 1JE	10942621	2018-09-30	6,750	0	58142-Publishing of consumer and business journals and periodicals
DESCRIER LIMITED	10 HOLMESDALE ROAD, BRISTOL, ENGLAND, BS3 4QL	08057784	2018-05-31	2,370	0
CHAMBERLAIN PUBLISHING LIMITED	187 187 TRAFALGAR ROAD, ROOM F1, LONDON, ENGLAND, SE10 9EQ	10061017	2018-03-31	708	0
ID MAGAZINE LTD	111 ALBERT DRIVE, GLASGOW, SCOTLAND, G41 2SU	SC443110	2018-02-28	0	0	68310-Real estate agencies
SHAW SHEET PUBLICATIONS LTD	20-22 WENLOCK ROAD, LONDON, ENGLAND, N1 7GU	09404021	2018-04-30	0	0
NEWS CORP UK & IRELAND LIMITED	1 LONDON BRIDGE STREET, LONDON, SE1 9GF	00081701	0000-00-00	0	0
NEWSQUEST LIMITED	NEWSQUEST MEDIA GROUP LTD 1ST FLOOR, CHARTIST TOWER, UPPER DOCK STREET, NEWPORT, WALES, NP20 1DW	03165420	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active - Proposal to Strike off. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
Company status	71.1%	73.9%	76.8%	High
Other companies Active in the same sector	Too few competitors


Age	0.3%	1.3%	2.4%	Medium
Company Type	0.7%	3.7%	7.4%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium