How much does Herald News (UK) Limited make?

Herald News (UK) Limited reported revenue of £199k and a loss of £11.3k in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Herald News (UK) Limited have?

Herald News (UK) Limited reported an average of 10 employees in the year to 31 Aug 2023.

Is Herald News (UK) Limited profitable?

No — Herald News (UK) Limited reported a loss of £11.3k in the year to 31 Aug 2023.

Company No. 12142810 · Incorporated 7 Aug 2019

Herald News (UK) Limited

Registered name: HERALD NEWS (UK) LIMITED

Herald News (UK) Limited made £199k revenue and a £11.3k loss in the year to 31 Aug 2023.

Herald News (UK) Limited’s revenue fell 12% to £199k in the year to 31 Aug 2023, with a loss of £11.3k and 10 employees. The company is classified under “publishing of newspapers” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 58130Publishing of newspapers SIC 58142Publishing of consumer and business journals and periodicals SIC 59113Television programme production activities SIC 63910News agency activities

Status: Liquidation
Location: London, London
Age: 7 yrs · since 2019
Type: Private Limited Company

Latest accounts · year to 31 Aug 2023

Key figures

Independent

Revenue

£199k

Growth ▼12.1%

Profit

−£11.3k

Growth ▼109.3%

Profit margin

−5.7%

Employees

Change —

Profit / employee

−£1.1k

Revenue/employee £19.9k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£227k	£199k
Profit after tax	£122k	−£11.3k
Profit (best available)	£122k	−£11.3k
Staff costs	£206k	£205k
Employees (average)	—	10
Ratios
Profit margin	53.8%	−5.7%
Revenue per employee	—	£19.9k
Profit per employee	—	−£1.1k
Growth (year on year)
Revenue growth	—	▼12.1%
Profit growth	—	▼109.3%
Balance sheet — indirect signals, not revenue
Net assets	£4.1m	£33.8k
Fixed assets	£4m	£242k
Current assets	£274k	£58.6k
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: −5.7%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £19.9k; Revenue ÷ average employees.
Profit per employee: −£1.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 121.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼99%; Now £33.8k
Cash at bank: —; Now —
Headcount: —; Now 10
Deferred income: —; Now —
Fixed assets: ▼94%; Now £242k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2023 (profit −£11.3k), from the Companies House accounts bulk data published Nov 2023. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.