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REACH PRINTING SERVICES LIMITED
ONE CANADA SQUARE, CANARY WHARF, LONDON, E14 5APPrevious name: TRINITY MIRROR PRINTING LIMITED (changed on 04-May-2018)
Previous name: MIRROR COLOUR PRINT LIMITED (changed on 16-Nov-2004)
Company Number: 01979335
Incorporation date: 17-Jan-1986
Status: Active
Entity type: Private Limited Company
SIC codes:
18110 Printing of newspapers
58130 Publishing of newspapers
70100 Activities of head offices
SUMMARY
This company is 38.2 years old and is currently active. It is controlled by Mgl2 Limited. The company has negative equity (net assets) of GBP -103.6 million which has worsened since the previous year's figure of GBP -88.8 million. The latest reported revenue figure is GBP 141.3 million which is similar to the previous year's figure of GBP 141.5 million. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -173.6 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 3 active officers (directors or partners) who are or were officers of 199 other companies, 7 (3.5%) of which have since been dissolved or are proposed for strike off. 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-2024Accounts Filed: FULL (25-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
30-Dec-2018 | GBP | 141,276,000 | |||||
31-Dec-2017 | GBP | 141,515,000 | |||||
01-Jan-2017 | GBP | 163,013,000 | 653,000 | ||||
27-Dec-2015 | GBP | 84,561,000 | 333,000 | ||||
28-Dec-2014 | GBP | 114,565,000 | -795,000 | ||||
29-Dec-2013 | GBP | 119,253,000 | 334,000 | ||||
30-Dec-2012 | GBP | 141,460,000 | 902,000 | 1,235,000 | |||
01-Jan-2012 | GBP | ||||||
03-Jan-2010 | GBP | 140,645,000 | 5,837,000 | 27,284,000 | 5,830,000 | ||
28-Dec-2008 | GBP | 26,305,000 | -14,680,000 | 36,742,000 | 14,329,000 | -37,093,000 | |
30-Dec-2007 | GBP | 25,022,000 | -408,000 | 34,134,000 | 50,897,000 | 16,355,000 | |
01-Jan-2006 | GBP | 25,315,000 | -52,000 | 42,000 | 30,470,000 | -23,614,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
30-Dec-2018 | GBP | 6,416,000 | 337,467,000 | 70,050,000 | -173,611,000 | -103,561,000 | |||
31-Dec-2017 | GBP | 7,633,000 | 352,069,000 | -88,788,000 | |||||
01-Jan-2017 | GBP | 8,861,000 | 366,566,000 | 70,050,000 | -160,775,000 | -88,495,000 | |||
27-Dec-2015 | GBP | 4,170,000 | 380,378,000 | 70,050,000 | -152,677,000 | ||||
28-Dec-2014 | GBP | 5,178,000 | 400,042,000 | 70,050,000 | -153,145,000 | -80,807,000 | |||
29-Dec-2013 | GBP | 7,755,000 | 417,136,000 | 70,050,000 | -152,338,000 | ||||
30-Dec-2012 | GBP | 414,871,000 | 70,050,000 | -154,323,000 | -81,927,000 | ||||
01-Jan-2012 | GBP | 879,075,000 | 70,050,000 | -155,587,000 | -83,162,000 | ||||
03-Jan-2010 | GBP | 299,142,000 | 311,015,000 | 70,050,000 | -147,624,000 | ||||
28-Dec-2008 | GBP | 246,669,000 | 312,316,000 | 70,050,000 | -132,036,000 | ||||
30-Dec-2007 | GBP | 230,516,000 | 312,477,000 | 70,050,000 | -94,972,000 | ||||
01-Jan-2006 | GBP | 152,887,000 | 70,050,000 | -93,030,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
30-Dec-2018 | GBP | 100.00% | 70,050,000 | 0 | 70,050,000 | 35,025,000 |
31-Dec-2017 | GBP | inf% | -70,050,000 | 70,050,000 | 0 | 35,025,000 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | REACH SECRETARIES LIMITED | 10 Dec 2001 | 28 Mar 2024 | 239 - 86 | ||
Resigned | Paul Andrew VICKERS | 30 Jun 1994 | 10 Dec 2001 | 0 - 495 | ||
Resigned | Henry Alan STEPHENS | 06 Nov 1992 | 3 - 83 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Darren FISHER | 14 Feb 2023 | Chief Financial Officer | Australian,British | 51 - 0 | 0 (0.0%) | |
Active | James Joseph MULLEN | 16 Aug 2019 | Chief Executive Officer | British | 237 - 58 | 13 (4.4%) | |
Resigned | Simon Jeremy Ian FULLER | 01 Mar 2019 | 31 Dec 2022 | Chartered Accountant | British | 71 - 255 | 32 (9.8%) |
Resigned | Mark Thomas HOLLINSHEAD | 31 May 2013 | 12 Dec 2014 | Chief Operating Officer | British | 23 - 25 | 2 (4.2%) |
Resigned | Simon Richard FOX | 31 May 2013 | 16 Aug 2019 | Chief Executive | British | 7 - 353 | 65 (18.1%) |
Resigned | Paul Andrew VICKERS | 01 Oct 2009 | 17 Nov 2014 | Barrister | British | 0 - 495 | 28 (5.7%) |
Resigned | Vijay Lakhman VAGHELA | 01 Oct 2009 | 30 Jun 2019 | Accountant | British | 1 - 305 | 18 (5.9%) |
Active | REACH DIRECTORS LIMITED | 10 Dec 2001 | 229 - 69 | 20 (6.7%) | |||
Resigned | Margaret EWING | 20 Jul 2000 | 10 Dec 2001 | Chartered Accountant | British | 0 - 207 | 17 (8.2%) |
Resigned | Stephen David BARBER | 11 Nov 1998 | 30 Sep 1999 | Accountant | British | 7 - 108 | 15 (13.0%) |
Resigned | Michael Andrew WAYMAN | 01 Jun 1998 | 10 Dec 2001 | Accountant | British | 0 - 1 | 0 (0.0%) |
Resigned | Allan WAIN | 26 Aug 1997 | 31 Mar 1998 | General Manager | British | 0 - 2 | 0 (0.0%) |
Resigned | John William ANDERSON | 26 Aug 1997 | 31 May 2001 | Production Director | British | 0 - 8 | 1 (12.5%) |
Resigned | Cornel Carl RIKLIN | 19 Jul 1995 | 03 Dec 1999 | Company Director | Swiss | 3 - 143 | 58 (39.7%) |
Resigned | Norman Michael WALKER | 19 Jul 1995 | 10 Dec 2001 | General Manager | British | 0 - 4 | 0 (0.0%) |
Resigned | Charles John ALLWOOD | 21 Oct 1993 | 20 Jul 2000 | Chartered Accountant | British | 0 - 212 | 44 (20.8%) |
Resigned | Charles Martin WILSON | 21 Oct 1993 | 15 Jan 1998 | Director | British | 0 - 72 | 7 (9.7%) |
Resigned | Francis Reilly STARK | 07 Sep 1993 | 31 May 1998 | Finance Director | British | 0 - 10 | 4 (40.0%) |
Resigned | John Geoffrey BIRD | 24 Mar 1993 | 31 Jan 1995 | Director | British | 0 - 26 | 13 (50.0%) |
Resigned | Robert RIMMER | 24 Mar 1993 | 13 May 1997 | Director | British | 0 - 14 | 6 (42.9%) |
Resigned | Murdoch MACLENNAN | 04 Feb 1993 | 02 Jan 1995 | Company Director | British | 0 - 49 | 20 (40.8%) |
Resigned | Paul Andrew VICKERS | 04 Feb 1993 | 10 Dec 2001 | Barrister | British | 0 - 495 | 28 (5.7%) |
Resigned | Terence Dennis ELLIS | 04 Feb 1993 | 15 Jun 1993 | Director | British | 0 - 2 | 0 (0.0%) |
Resigned | SISEC LIMITED | 06 Nov 1992 | 30 Jun 1994 | 19 - 537 | 202 (36.3%) | ||
Resigned | Jeff YEUNG | 22 Oct 1992 | 31 Jul 1993 | Accountant | French | 0 - 13 | 5 (38.5%) |
Resigned | Ian MCDONALD | 22 Oct 1992 | 14 Dec 1992 | Newspaper Publishing | British | 0 - 23 | 10 (43.5%) |
Resigned | Roger William EASTOE | 09 Apr 1992 | 13 Sep 2000 | Deputy Managing Director | British | 0 - 19 | 3 (15.8%) |
Resigned | Roger William EASTOE | 13 Sep 2000 | Deputy Managing Director | British | 0 - 19 | 3 (15.8%) | |
Resigned | Jeff YEUNG | 31 Jul 1993 | Accountant | French | 0 - 13 | 5 (38.5%) | |
Resigned | Alan Brian ROE | 28 Apr 1993 | Company Director | British | 0 - 10 | 6 (60.0%) | |
Resigned | Ian MCDONALD | 14 Dec 1992 | Newspaper Publishing | British | 0 - 23 | 10 (43.5%) |
Average tenure of active directors: 9.4 years
Average tenure of resigned directors: 3.3 years
Average active director Dissolution Rate: 3.7%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2015-09-01 | 2014-09-01 | 2013-09-01 | 2012-09-01 | 2011-09-01 | ||
MGL2 LIMITED | ORDINARY | 70,050,000 100% | 70,050,000 100% | 70,050,000 100% | 70,050,000 100% | 70,050,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
REACH PRINTING SERVICES LIMITED
no controlled companies
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 |
---|---|---|---|---|---|
2023-07-01 | 2023-12-31 | 43 | 10% | 23% | 80221 |
2023-01-01 | 2023-06-30 | 41 | 8% | 22% | 72411 |
2022-07-01 | 2022-12-31 | 46 | 14% | 30% | 66842 |
2022-01-01 | 2022-06-30 | 44 | 8% | 24% | 60013 |
2021-07-01 | 2021-12-31 | 42 | 10% | 26% | 53704 |
2021-01-01 | 2021-06-30 | 42 | 8% | 21% | 46288 |
2020-07-01 | 2020-12-31 | 42 | 9% | 18% | 39142 |
2020-01-01 | 2020-06-30 | 41 | 9% | 19% | 32415 |
2019-07-01 | 2019-12-31 | 44 | 12% | 28% | 25636 |
2019-01-01 | 2019-06-30 | 41 | 6% | 18% | 20890 |
2018-07-01 | 2018-12-31 | 34 | 3% | 17% | 12711 |
2018-01-01 | 2018-06-30 | 35 | 2% | 20% | 5412 |
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
18110 Printing of newspapers)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
MGN LIMITED | ONE CANADA SQUARE, CANARY WHARF, LONDON, E14 5AP | 02571173 | 2017-12-31 | 217,442,000 | 56,453,000 |
58130-Publishing of newspapers |
REACH PRINTING SERVICES LIMITED | ONE CANADA SQUARE, CANARY WHARF, LONDON, E14 5AP | 01979335 | 2017-12-31 | 141,515,000 | -293,000 |
58130-Publishing of newspapers 70100-Activities of head offices |
SCOTTISH DAILY RECORD AND SUNDAY MAIL LIMITED | 55 DOUGLAS STREET, GLASGOW, UNITED KINGDOM, G2 7NP | SC012921 | 2017-12-31 | 64,779,000 | 12,999,000 |
58130-Publishing of newspapers |
WEST FERRY PRINTERS LIMITED | ONE CANADA SQUARE, CANARY WHARF, LONDON, UNITED KINGDOM, E14 5AP | 01997219 | 2017-12-31 | 22,566,000 | 1,795,000 | |
ST. CLEMENTS PRESS (1988) LIMITED | BRACKEN HOUSE, 1 FRIDAY STREET, LONDON, ENGLAND, EC4M 9BT | 02174119 | 2017-12-31 | 5,115,000 | 286,000 | |
FEARWORKS MEDIA LTD. | 14 COALWAY DRIVE, WHICKHAM, NEWCASTLE UPON TYNE, ENGLAND, NE16 4BT | 07613763 | 2018-04-30 | 9,740 | 0 |
18203-Reproduction of computer media 59132-Video distribution activities 90010-Performing arts |
UK BIZ PRINTING LTD | UKBIZPRINTING, 114 BEECH ROAD, CALE GREEN, STOCKPORT, CHESHIRE, SK3 8HH | 07976414 | 2018-03-31 | 9,257 | 0 | |
ALL KNIGHTZ LTD | 8 JOHN ASHBY CLOSE, BRIXTON, LONDON, SW2 5PX | 07928866 | 2019-01-31 | 1,742 | 0 |
90040-Operation of arts facilities 91011-Library activities 96090-Other service activities not elsewhere classified |
JTM MEDIA LTD | 1ST FLOOR CHILWORTH POINT, 1 CHILWORTH ROAD, SOUTHAMPTON, HAMPSHIRE, UNITED KINGDOM, SO16 7JQ | 10416828 | 2018-10-31 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low 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 |
---|---|---|---|---|
REACH PRINTING SERVICES LIMITED | 0.7% | 3.6% | 7.1% | Medium |
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 | 0.8% | 4.4% | 8.7% | Medium |