TELEGRAPH MEDIA GROUP LIMITED
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Cash
£353k
lowest in 3 filed years
Net assets
£510m
Equity attributable
Employees
—
Average over period
Profit before tax
£2.2m
Period ending 2025-12-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, members of the Group and its parent entities, remain involved in the potential transaction relating to TMGH described above which is expected to complete imminently and would result in a change in the Company's controlling party and directors in the going concern period. Such plans may include the liquidation of the Company, the timing of which is unknown but could occur in the near term.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-28
| Metric | Trend | 2023-12-31 | 2024-12-29 | 2025-12-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £267,983,000 | £196,581,000 | £72,000 | — | |
| Operating profit | -£231,777,000 | £24,176,000 | -£690,000 | — | |
| Profit before tax | -£233,922,000 | £565,293,000 | £2,155,000 | — | |
| Net profit | -£244,609,000 | £554,779,000 | £2,495,000 | — | |
| Cash | £34,424,000 | £6,252,000 | £353,000 | — | |
| Total assets less current liabilities | -£32,782,000 | £508,021,000 | £510,451,000 | — | |
| Net assets | -£42,014,000 | £507,765,000 | £510,260,000 | — | |
| Equity | -£42,014,000 | £507,765,000 | £510,260,000 | — | |
| Average employees | 1,130 | 897 | — | — | |
| Wages | £84,523,000 | £65,155,000 | — | — | |
| Directors' remuneration | £2,613,000 | £1,599,000 | £520,000 | — | |
| Directors' pension contributions | £10,000 | £0 | — | — | |
| Highest paid director | £1,987,000 | £822,000 | £400,000 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 12 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-29 | 2025-12-28 |
|---|---|---|---|---|
| Operating margin | -86.5% | 12.3% | — | |
| Net margin | -91.3% | — | — | |
| Return on capital employed | — | 4.8% | -0.1% | |
| Gearing (liabilities / total assets) | 139.8% | 0.3% | 0.1% | |
| Current ratio | 0.58x | — | — | |
| Interest cover | -95.22x | 12.59x | -49.29x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- TELEGRAPH MEDIA GROUP LIMITED 2006-10-25 → present
- TELEGRAPH GROUP LIMITED 1996-08-01 → 2006-10-25
- THE TELEGRAPH PLC 1992-06-01 → 1996-08-01
- DAILY TELEGRAPH PLC (THE) 1948-03-31 → 1992-06-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, members of the Group and its parent entities, remain involved in the potential transaction relating to TMGH described above which is expected to complete imminently and would result in a change in the Company's controlling party and directors in the going concern period. Such plans may include the liquidation of the Company, the timing of which is unknown but could occur in the near term.”
Group structure
- TELEGRAPH MEDIA GROUP LIMITED · parent
- Telegraph Media Group Holdings Limited 100%
- TMG Innovations Limited 100%
- Telegraph Publishing Limited 100%
- The Chelsea Magazine Company Limited 100%
- Chelsea Magazine Inc 100%
- Cadmus Media Group Holdings Limited 100%
- The Evening Post Limited 100%
- The Morning Post Limited 100%
- The Sunday Telegraph Limited 100%
- Telegraph Secretarial Services Limited 100%
- Telegraph Financial Solutions Limited 100%
- Telegraph Events Limited 100%
- Eagle Publications Limited 100%
Significant events
- “On 29 September 2024, as part of a group reorganisation, the Company sold its operating trade and assets, including trading subsidiaries and other investments, to one of its subsidiaries, Telegraph Media Group Holdings Limited ("TMGH").”
- “On 15 May 2023, Bank of Scotland, pursuant to the terms of a share charge securing certain loans to Penultimate Investment Holdings Limited ("PIHL") appointed Alastair Beveridge and Ben Browne of AlixPartners as receivers of the shares of B.UK. Limited.”
- “In October 2023, the board of PAL launched a sales process of the TMG business... suspended because PIHL reached an agreement for the Debt to be refinanced in full by certain entities controlled by Redbird IMI.”
- “On 6 March 2026, Axel Springer announced that it had agreed to acquire the TMG business in a deal valued at £575 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 71 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCTIGHE, Robert Michael | Director | 2024-03-15 | Oct 1953 | British |
| WELCH, Stephen Hamilton | Director | 2023-06-07 | Jun 1973 | Australian |
| WENTINK, Boudewijn Clemens | Director | 2023-06-07 | Jun 1969 | Dutch |
Show 71 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Alan John | Secretary | 1996-09-01 | 2003-07-16 |
| GRIFFITHS, Sally Jane | Secretary | 2003-07-17 | 2005-08-19 |
| RENTOUL, Anthony Mervyn | Secretary | — | 1996-08-31 |
| TELEGRAPH SECRETARIAL SERVICES LIMITED | Corporate Secretary | 2005-08-20 | 2023-06-07 |
| ALLWOOD, Charles John | Director | 2005-05-01 | 2007-02-28 |
| BARCLAY, Aidan Stuart | Director | 2004-08-11 | 2023-06-07 |
| BARCLAY, Howard Myles | Director | 2004-07-30 | 2023-06-07 |
| BLACK, Conrad Moffat, Lord | Director | — | 2004-02-12 |
| BUCKLEY, Peter Neville | Director | 1997-05-21 | 2001-12-31 |
| BUCKLEY, Peter Neville | Director | — | 1996-07-31 |
| CAMROSE, Adrian, Lord | Director | — | 1996-07-31 |
| CARRINGTON, Peter Alexander Rupert, The Rt Hon The Lord | Director | — | 1996-07-31 |
| COBLEY, Daniel Owen | Director | 2012-01-01 | 2012-05-31 |
| COLSON, Daniel William | Director | 2004-02-25 | 2004-03-23 |
| COLSON, Daniel William | Director | — | 2004-02-12 |
| COOKE, Patrick Joseph Dominic | Director | — | 1996-07-31 |
| CRANBORNE, The Rt Hon The Viscount | Director | 1997-09-17 | 2001-12-31 |
| DE ROTHSCHILD, Evelyn, Sir | Director | 1997-05-21 | 2001-12-31 |
| DE ROTHSCHILD, Evelyn, Sir | Director | — | 1996-07-31 |
| DEEDES, Jeremy Wyndham, The Hon | Director | 2004-03-25 | 2005-10-17 |
| DEEDES, Jeremy Wyndham, The Hon | Director | 1996-05-08 | 2003-11-30 |
| DESMARAIS, Paul, The Honourable | Director | 1998-02-11 | 2001-12-31 |
| DRAYTON, Hugo Charles | Director | 2003-12-01 | 2004-02-12 |
| DRAYTON, Hugo Charles | Director | 2003-12-01 | 2004-12-07 |
| FLETCHER, Kim Thomas | Director | 2003-12-01 | 2005-08-31 |
| FLETCHER, Kim Thomas | Director | 2003-12-01 | 2004-02-12 |
| GOLDSMITH, James Michael, Sir | Director | — | 1993-05-16 |
| GRABINER, Stephen | Director | 1993-04-05 | 1996-05-08 |
| HAMBRO, Rupert Nicholas | Director | 1997-05-21 | 2001-12-31 |
| HAMBRO, Rupert Nicholas | Director | — | 1996-07-31 |
| HARTWELL, The Lord | Director | — | 1995-12-31 |
| HASLUM, Christopher John | Director | 1996-05-08 | 1997-07-31 |
| HASTINGS, Max | Director | — | 1995-09-29 |
| HEALY, Paul Brian | Director | 2004-02-12 | 2004-07-30 |
| HUGH, Nicholas Daniel | Director | 2017-06-14 | 2024-01-26 |
| HUGHES, Anthony Roland | Director | — | 1998-12-31 |
| JACOMB, Martin Wakefield, Sir | Director | — | 1995-04-19 |
| JARISLOWSKY, Stephen Arnold | Director | 1997-05-21 | 1999-02-16 |
| JARISLOWSKY, Stephen Arnold | Director | 1993-07-28 | 1996-07-31 |
| KESWICK, Henry Neville, Sir | Director | 1997-05-21 | 2001-12-31 |
| KESWICK, Henry Neville, Sir | Director | — | 1996-07-31 |
| KING OF WARTNABY, John Leonard, The Lord | Director | — | 1996-07-31 |
| MACLENNAN, Murdoch | Director | 2004-10-12 | 2019-06-28 |
| MOWATT, Rigel Kent | Director | 2004-07-30 | 2019-07-31 |
| NEAL, Richard John | Director | 2019-06-28 | 2023-06-12 |
| O'DONNELL KEENAN, Niamh | Director | 1997-09-17 | 2004-02-12 |
| O'DONNELL KEENAN, Niamh | Director | 1997-09-17 | 2005-01-17 |
| PAPE, Claire Margaret | Director | 2019-07-10 | 2021-09-14 |
| PARIS, Gordon A | Director | 2004-02-12 | 2004-07-30 |
| PETERS, Philip Leslie | Director | 2004-08-11 | 2023-06-07 |
| RADLER, Franklin David | Director | — | 2004-02-12 |
| RAWLINSON, Peter Anthony Grayson, Lord Rawlinson Of Ewell | Director | — | 1996-07-31 |
| ROGERS, Frank Jarvis, Sir | Director | 1997-05-21 | 2001-12-31 |
| ROGERS, Frank Jarvis, Sir | Director | — | 1996-07-31 |
| RONAYNE, Finbarr Patrick | Director | 2008-10-01 | 2019-01-02 |
| SANDERSON, Leonard Milton | Director | 1993-07-28 | 2003-10-29 |
| SAVAGE, Graham | Director | 2004-03-04 | 2004-07-30 |
| SEAL, Michael | Director | 2004-07-30 | 2019-06-07 |
| SEITZ, Raymond George Hardenbergh, The Hon | Director | 2004-02-25 | 2004-07-30 |
| SEITZ, Raymond George Hardenbergh, The Honourable | Director | 1997-05-21 | 2001-12-31 |
| SEITZ, Raymond George Hardenbergh, The Honourable | Director | 1994-08-03 | 1996-07-31 |
| SEYMOUR, John, The Rt Hon Viscount Camrose Of Hackwood Park | Director | — | 1993-05-16 |
| SMITH, Robert | Director | 2004-02-12 | 2004-07-30 |
| STEPHEN, Harbourne Mackay | Director | — | 1996-05-08 |
| SWAYTHLING, Thr Rt Hon Lord | Director | — | 1996-07-31 |
| TAYLOR, John Martin | Director | 1998-05-20 | 1999-09-22 |
| TUCKER, Simon | Director | 2007-03-21 | 2008-05-23 |
| TWOHILL, Lorraine | Director | 2008-10-01 | 2018-04-26 |
| LORD KING OF WARTNABY | Corporate Director | 1997-05-21 | 2001-12-31 |
| THE RIGHT HONOURABLE LORD CARRINGTON | Corporate Director | 1997-05-21 | 2001-12-31 |
| THE RIGHT HONOURABLE LORD RAWLINSON OF EWELL | Corporate Director | 1997-05-21 | 2001-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Press Acquisitions Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-07-13 | Active |
Filing timeline
Last 20 of 660 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-30 RESOLUTIONS Resolution
- 2024-07-05 MA Memorandum articles
- 2024-07-05 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-18 | AA | accounts | Accounts with accounts type full | |
| 2026-07-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-07-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-30 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2026-06-30 | SH20 | capital | Legacy | |
| 2026-06-30 | CAP-SS | insolvency | Legacy | |
| 2026-06-30 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-09-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-05 | MA | incorporation | Memorandum articles | |
| 2024-07-05 | RESOLUTIONS | resolution | Resolution | |
| 2024-06-25 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 2
- Officers appointed
- 0
- 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.