INDEPENDENT DIGITAL NEWS AND MEDIA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-07 (in 7mo)
Last made up 2025-11-23
Watchouts
Cash
£4M
Latest balance sheet
Net assets
£8M
Equity attributable
Employees
332
Average over period
Profit before tax
£3M
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £56,330,000 | £53,172,000 | |
| Operating profit | £1,902,000 | £3,201,000 | |
| Profit before tax | £1,902,000 | £3,205,000 | |
| Net profit | £1,426,000 | £2,366,000 | |
| Cash | £3,072,000 | £3,737,000 | |
| Total assets less current liabilities | £6,140,000 | £8,862,000 | |
| Net assets | £5,565,000 | £7,944,000 | |
| Equity | £5,565,000 | £7,944,000 | |
| Average employees | 299 | 332 | |
| Wages | £20,937,000 | £20,082,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 3.4% | 6.0% | |
| Net margin | 2.5% | 4.4% | |
| Return on capital employed | 31.0% | 36.1% | |
| Gearing (liabilities / total assets) | 70.7% | 66.0% | |
| Current ratio | 1.28x | 1.43x | |
| Interest cover | — | 213.40x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- HaysMac LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors currently have no reason to believe that the Company will not have access to adequate resources to continue in operational existence for the foreseeable future and therefore have adopted the going concern basis in preparing the financial statements.”
Group structure
- INDEPENDENT DIGITAL NEWS AND MEDIA LIMITED · parent
- Independent Digital News and Media LLC 100%
Significant events
- “For Independent Digital News and Media, 2024 was a record-breaking year. The Group completed its eighth consecutive year of growth and profit, with record turnover of £53.2m, an increase of £7.1m 15%', and an operating profit of £3.2m.”
- “In March 2024 the Group took on the operation of BuzzFeed, Tasty and HuffPost in the UK and Ireland.”
- “In January 2024, we announced that The Independent's Christmas appeal to buy 500 beds for children forced to sleep on the floor or share with family members had nearly doubled its target thanks to the response from generous readers and donors.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LANGRISH, Richard Michael John | Secretary | 2021-06-16 | — | — |
| BROUGHTON, Christian Alan | Director | 2023-06-08 | Aug 1977 | British |
| BYAM SHAW, Justin David Elliott | Director | 2010-07-20 | Apr 1960 | British |
| COWLEY, Clinton James | Director | 2025-08-05 | Sep 1978 | British |
| LEBEDEV, Evgeny | Director | 2010-07-20 | May 1980 | British |
| LEONARD, Zachary Roger | Director | 2016-02-11 | Jan 1963 | American |
| LEWIS, Eric Leslie | Director | 2017-08-30 | Apr 1957 | American |
| PATON, John | Director | 2019-09-13 | May 1957 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MALHOTRA, Manish | Secretary | 2010-10-20 | 2021-03-31 |
| TULLOCH, Alastair Robert Clifford | Secretary | 2010-07-20 | 2010-10-20 |
| COLLINS, David-John | Director | 2017-08-30 | 2020-12-10 |
| MALHOTRA, Manish | Director | 2016-02-11 | 2021-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sovereignty Media Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2026-01-23 | Active |
| Sultan Mohamed Abuljadayel | Individual | Shares 25–50%, Voting 25–50% | 2017-06-07 | Active |
| Evgeny Lebedev | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2026-01-23 |
| Mr Evgeny Lebedev | Individual | Shares 50–75%, Voting 50–75% | 2016-04-06 | Ceased 2016-04-06 |
| Mr Justin David Elliott Byam Shaw | Individual | Shares 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 78 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | AA | accounts | Accounts with accounts type group | |
| 2025-08-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-05-05 | CH01 | officers | Change person director company with change date | |
| 2024-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type group | |
| 2024-06-03 | CH01 | officers | Change person director company with change date | |
| 2023-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-02 | AA01 | accounts | Change account reference date company current extended | |
| 2023-06-22 | AA | accounts | Accounts with accounts type group | |
| 2023-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-12-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-31 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-03-11 | CH01 | officers | Change person director company with change date | |
| 2022-02-23 | AA | accounts | Accounts with accounts type group | |
| 2021-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31