LOCAL WORLD LIMITED

ONE CANADA SQUARE, CANARY WHARF, LONDON, E14 5AP

Previous name: LOCAL CONTENT LIMITED (changed on 16-Jan-2013)

Company Number: 08290481
Incorporation date: 12-Nov-2012
Status: Active
Entity type: Private Limited Company

SIC codes:
58130 Publishing of newspapers





SUMMARY

This company is 12 years old and is currently active. It is controlled by Local World Holdings Limited. The company has positive equity (net assets) of GBP 4.9 million which has increased from GBP 0 in the previous year. The latest reported revenue figure is GBP 147.5 million which is similar to the previous year's figure of GBP 147.5 million. The company has 3 active officers (directors or partners) who are or were officers of 199 other companies, 64 (32.2%) 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 3 court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2025
Accounts Filed: DORMANT (31-Dec-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
30-Dec-2018 GBP 147,548,000
31-Dec-2017 GBP 147,548,000 3,137,000 1,135,000
01-Jan-2017 GBP 183,496,000 16,623,000 4,431,000 12,193,000
27-Dec-2015 GBP 15,236,000 1,849,000 3,324,000 13,387,000
28-Dec-2014 GBP 221,134,000 22,538,000 4,187,000 11,674,000
29-Dec-2013 GBP 230,579,000 18,540,000 3,819,000 12,749,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
30-Dec-2018 GBP 4,933,000 1,000,000 3,933,000 4,933,000
31-Dec-2017 GBP 2,552,000 17,225,000 271,000 1,000,000 13,933,000
01-Jan-2017 GBP 4,776,000 32,554,000 17,014,000 1,000,000 32,798,000 33,798,000
27-Dec-2015 GBP 30,665,000 45,588,000 1,000,000 20,605,000
28-Dec-2014 GBP 27,155,000 57,661,000 43,046,000 16,600,000 55,350,000 71,950,000
29-Dec-2013 GBP 20,338,000 51,073,000 42,567,000 9,388,000 66,600,000 8,930,000 75,530,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
27-Dec-2015 GBP -1,560.00% -15,600,000 16,600,000 1,000,000 -4,777,500
28-Dec-2014 GBP -301.20% -50,000,000 66,600,000 16,600,000 22,547,500
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active REACH SECRETARIES LIMITED 21 Jan 2016 02 Nov 2024 239 - 86
Resigned Jeremy RHODES 13 Nov 2015 21 Jan 2016 0 - 1
Resigned Graham Howard JUDGE 20 Jan 2015 13 Nov 2015 0 - 1
Resigned MOFO SECRETARIES LIMITED 07 Jan 2013 20 Jan 2015 0 - 117
Resigned Catherine Elinor FLEMING 12 Nov 2012 07 Jan 2013 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Darren FISHER 24 Jan 2024 Chief Financial Officer Australian,British 59 - 00 (0.0%)
Active James Joseph MULLEN 16 Aug 2019 Chief Executive Officer British 237 - 5869 (23.4%)
Resigned Simon Jeremy Ian FULLER 01 Mar 2019 31 Dec 2022 Chartered Accountant British 49 - 30190 (25.7%)
Resigned Simon Richard FOX 13 Nov 2015 16 Aug 2019 Chief Executive British 0 - 10 (0.0%)
Resigned Vijay Lakhman VAGHELA 13 Nov 2015 30 Jun 2019 Accountant British 0 - 10 (0.0%)
Active REACH DIRECTORS LIMITED 13 Nov 2015 229 - 6977 (25.8%)
Resigned Stephen Andrew AUCKLAND 15 Jan 2013 11 Oct 2013 Newspaper Management British 1 - 6041 (67.2%)
Resigned Stephen Andrew AUCKLAND 15 Jan 2013 11 Oct 2013 Newspaper Management British 2 - 5933 (54.1%)
Resigned Rachel Bernadette ADDISON HORSLEY 15 Jan 2013 13 Nov 2015 Newspaper Management British 0 - 32 (66.7%)
Resigned David John MONTGOMERY 07 Jan 2013 13 Nov 2015 Director British 25 - 4120 (30.3%)
Resigned Catherine Elinor FLEMING 07 Dec 2012 07 Jan 2013 Chartered Secretary British 21 - 12574 (50.7%)
Resigned Edward Richard ILIFFE 12 Nov 2012 07 Jan 2013 Chartered Surveyor British 34 - 154 (8.2%)
Resigned Lisa Jane GORDON 12 Nov 2012 07 Jan 2013 Director British 4 - 274 (12.9%)
Resigned Robert Peter Richard, The Right Honourable ILIFFE 12 Nov 2012 07 Jan 2013 Publisher British 8 - 6020 (29.4%)
Number of active directors: 3
Average tenure of active directors: 5.0 years
Average tenure of resigned directors: 1.7 years
Average active director Dissolution Rate: 16.4%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
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SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2015-11-122014-11-122013-11-12
LOCAL WORLD HOLDINGS LIMITEDORDINARY1,000,000
50%
16,600,100
50%
66,600,100
50%
LOCAL WORLD HOLDINGS LIMITEDORDINARY1,000,000
50%
16,600,100
50%
66,600,100
50%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

LOCAL WORLD 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
2018-01-01 2018-06-30 27 5% 38% 5375


COURT CASES


Date Title Reference Subject
2018-09-25 Miss E Luther v Local World Ltd [2018] UKET 1400155/2018 Redundancy
2017-12-12 Mr L Marlow v Local World Ltd [2017] UKET 2601955/2016 Redundancy
2017-04-26 Mr M Thomas v Local World Ltd & Others [2017] UKET 1600760/2016 Breach of Contract : Unfair Dismissal : Unlawful Deduction from Wages

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 40 SOUTHWELL ROAD, LONDON, ENGLAND, SE5 9PG 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. 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
LOCAL WORLD LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 3.8% 7.1% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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