Associated Press Television News Limited
News agency activities · London
ActiveUnited KingdomIncorporated 1998Private Limited Company
Financial position
Accounts to 2023-12-31 · USD · Company accounts
Net assets
USD 17,136,000
Cash
USD 2,661,000
Turnover
USD 103,727,000
Profit / loss
USD 7,182,000
Current assets
USD 27,147,000
Creditors < 1 year
USD 21,430,000
Equity
USD 17,136,000
Average employees
362
Balance-sheet trend
USD · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2023-12-3112 months · Company · AI-read | 2022-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | USD 17,136,000 | USD 48,163,000 |
| Equity | USD 17,136,000 | USD 48,163,000 |
| Retained earnings | USD 27,522,000 | USD 58,549,000 |
| Assets | ||
| Fixed assets | USD 15,762,000 | USD 20,937,000 |
| Intangible assets | USD 12,000 | USD 13,000 |
| Property, plant & equipment | USD 6,704,000 | USD 8,228,000 |
| Investments | USD 130,000 | USD 357,000 |
| Current assets | USD 27,147,000 | USD 58,639,000 |
| Cash at bank | USD 2,661,000 | USD 1,576,000 |
| Debtors | USD 24,486,000 | USD 57,063,000 |
| Liabilities | ||
| Creditors within one year | USD 21,430,000 | USD 26,588,000 |
| Creditors after one year | USD 13,830,000 | USD 17,659,000 |
| Pension scheme surplus / deficit | USD 9,487,000 | USD 12,834,000 |
| Net current assets | USD 5,717,000 | USD 32,051,000 |
| Assets less current liabilities | USD 21,479,000 | USD 52,988,000 |
| Profit & loss | ||
| Turnover | USD 103,727,000 | USD 122,565,000 |
| Other operating income | USD 809,000 | USD 993,000 |
| Operating profit | USD 9,677,000 | USD 23,865,000 |
| Interest receivable | USD 1,725,000 | USD 903,000 |
| Interest payable | USD 563,000 | USD 569,000 |
| Profit before tax | USD 10,839,000 | USD 24,199,000 |
| Tax | USD 3,657,000 | USD 4,516,000 |
| Profit / loss | USD 7,182,000 | USD 19,683,000 |
| Dividends | USD 35,000 | — |
| Operating costs | ||
| Amortisation | USD 10,000 | — |
| Audit fees | USD 214,000 | USD 204,000 |
| People & pay | ||
| Average employees | 362 | 356 |
| Staff costs | USD 33,036,000 | USD 31,456,000 |
| Wages & salaries | USD 26,996,000 | USD 25,826,000 |
| Social security costs | USD 3,349,000 | USD 2,985,000 |
| Pension costs | USD 1,600,000 | USD 1,600,000 |
| Directors' remuneration | USD 650,000 | USD 368,000 |
| Highest paid director | USD 350,000 | USD 313,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2023-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of Associated Press Television News Limited (‘APTN’ or ‘the company’) is that of an international video news agency.
- What it does
- international video news agency · filming international news events · packaged content · satellite · internet · fixed fibre · data circuits · customised broadcast support services (AI keywords)
- The year
- Revenue for 2023 was $18.8m lower than the previous year with reductions across all income streams. Global Media Services transactional revenue reduced significantly due to fewer news events in comparison to the previous year, see note 4 for details.
- Outlook
- These core activities are unlikely to change in the foreseeable future.
- Auditor
- Ernst & Young LLP · senior statutory auditor Zishan Nurmohamed
- Audit opinion
- Clean (unmodified)
- Ultimate parent
- The Associated Press · United States of America
- Ultimate controlling party
- The Associated Press
- Accounts
- FRS 101
- Approved
- 2024-07-31, signed by Danielle Privett
Borrowings (2)
- Loan obligations for lease contracts · 3,295 (000s) · incremental borrowing rate of 4% to 7%
- Loan obligations for lease contracts · 6,310 (000s) · incremental borrowing rate of 4% to 7% · mature within 1 month to 3 years
Share classes (1)
- 100 Ordinary shares of £1 each of £1
Principal risks (4)
- Market risk
- Product risk
- Intellectual property protection
- Technological advancement
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
2 outstanding chargesUnknown · created 2011-03-15
All monies
OutstandingAll Assets · created 2011-03-15
All monies
Outstanding