national express limited
national express limited Company Information
Company Number
00232767
Website
https://www.mobicogroup.com/Registered Address
national express house, birmingham coach station, mill l, birmingham, england, B5 6DD
Industry
Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
Telephone
03717818181
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
national express holdings ltd 100%
national express limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL EXPRESS LIMITED at £56.5m based on a Turnover of £228.9m and 0.25x industry multiple (adjusted for size and gross margin).
national express limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL EXPRESS LIMITED at £29m based on an EBITDA of £14.3m and a 2.03x industry multiple (adjusted for size and gross margin).
national express limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL EXPRESS LIMITED at £0 based on Net Assets of £-29.2m and 2.45x industry multiple (adjusted for liquidity).
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National Express Limited Overview
National Express Limited is a live company located in birmingham, B5 6DD with a Companies House number of 00232767. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in August 1928, it's largest shareholder is national express holdings ltd with a 100% stake. National Express Limited is a mature, mega sized company, Pomanda has estimated its turnover at £228.9m with declining growth in recent years.
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National Express Limited Health Check
Pomanda's financial health check has awarded National Express Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £228.9m, make it larger than the average company (£28.2m)
£228.9m - National Express Limited
£28.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (-1.9%)
-6% - National Express Limited
-1.9% - Industry AVG
Production
with a gross margin of 3.6%, this company has a comparable cost of product (3.6%)
3.6% - National Express Limited
3.6% - Industry AVG
Profitability
an operating margin of 1.5% make it as profitable than the average company (1.5%)
1.5% - National Express Limited
1.5% - Industry AVG
Employees
with 911 employees, this is above the industry average (464)
911 - National Express Limited
464 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£33k)
£36.4k - National Express Limited
£33k - Industry AVG
Efficiency
resulting in sales per employee of £251.3k, this is more efficient (£57.2k)
£251.3k - National Express Limited
£57.2k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is later than average (8 days)
10 days - National Express Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is slower than average (8 days)
36 days - National Express Limited
8 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (4 days)
0 days - National Express Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - National Express Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.1%, this is a higher level of debt than the average (65.9%)
113.1% - National Express Limited
65.9% - Industry AVG
national express limited Credit Report and Business Information
National Express Limited Competitor Analysis
Perform a competitor analysis for national express limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
national express limited Ownership
NATIONAL EXPRESS LIMITED group structure
National Express Limited has 1 subsidiary company.
Ultimate parent company
2 parents
NATIONAL EXPRESS LIMITED
00232767
1 subsidiary
national express limited directors
National Express Limited currently has 7 directors. The longest serving directors include Mr Edward Rickard (Jan 2017) and Ms Janet Burke (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Rickard | England | 48 years | Jan 2017 | - | Director |
| Ms Janet Burke | England | 58 years | May 2019 | - | Director |
| Mr James Stamp | England | 51 years | Aug 2022 | - | Director |
| Mr Neil McEwan | England | 47 years | Aug 2023 | - | Director |
| Mr Simon Callander | England | 56 years | Aug 2023 | - | Director |
| Mrs Alexandra Jensen | United Kingdom | 54 years | Oct 2023 | - | Director |
| Mr Neil Miles | 54 years | Oct 2023 | - | Director |
NATIONAL EXPRESS LIMITED financials
National Express Limited's latest turnover from December 2022 is £228.9 million and the company has net assets of -£29.2 million. According to their latest financial statements, National Express Limited has 911 employees and maintains cash reserves of £55 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 228,917,000 | 80,256,000 | 86,778,000 | 274,798,000 | 267,192,000 | 254,420,000 | 256,200,000 | 247,910,000 | 239,770,000 | 231,036,000 | 215,698,000 | 222,401,000 | 212,171,000 | 206,133,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 3,508,000 | -43,801,000 | -57,234,000 | 21,277,000 | 21,231,000 | 15,468,000 | 17,382,000 | 14,961,000 | 7,682,000 | 5,866,000 | 779,000 | 19,256,000 | 10,978,000 | 15,983,000 |
| Interest Payable | 5,749,000 | 3,042,000 | 1,683,000 | 1,707,000 | 0 | 0 | 0 | 0 | 0 | 33,000 | 0 | 1,000 | 8,000 | 0 |
| Interest Receivable | 0 | 0 | 0 | 198,000 | 149,000 | 153,000 | 78,000 | 83,000 | 66,000 | 52,000 | 65,000 | 161,000 | 125,000 | 210,000 |
| Pre-Tax Profit | -2,186,000 | -56,448,000 | -84,345,000 | 19,768,000 | 21,380,000 | 15,621,000 | 17,460,000 | 15,044,000 | 7,748,000 | 5,885,000 | 844,000 | 19,416,000 | 11,095,000 | 14,163,000 |
| Tax | 1,070,000 | 20,843,000 | 17,765,000 | -1,339,000 | -580,000 | 280,000 | -1,695,000 | -1,305,000 | 454,000 | -1,316,000 | 990,000 | -5,003,000 | -1,847,000 | -3,785,000 |
| Profit After Tax | -1,116,000 | -35,605,000 | -66,580,000 | 18,429,000 | 20,800,000 | 15,901,000 | 15,765,000 | 13,739,000 | 8,202,000 | 4,569,000 | 1,834,000 | 14,413,000 | 9,248,000 | 10,378,000 |
| Dividends Paid | 0 | 0 | 0 | 17,000,000 | 15,000,000 | 20,000,000 | 0 | 15,000,000 | 0 | 15,000,000 | 6,000,000 | 17,000,000 | 0 | 32,000,000 |
| Retained Profit | -1,116,000 | -35,605,000 | -66,580,000 | 1,429,000 | 5,800,000 | -4,099,000 | 15,765,000 | -1,261,000 | 8,202,000 | -10,431,000 | -4,166,000 | -2,587,000 | 9,248,000 | -21,622,000 |
| Employee Costs | 33,117,000 | 27,887,000 | 32,906,000 | 23,702,000 | 25,157,000 | 42,938,000 | 44,402,000 | 41,778,000 | 38,384,000 | 37,941,000 | 37,709,000 | 36,887,000 | 36,230,000 | 33,931,000 |
| Number Of Employees | 911 | 866 | 876 | 735 | 761 | 1,346 | 1,352 | 1,289 | 1,218 | 1,221 | 1,300 | 1,299 | 1,320 | 1,301 |
| EBITDA* | 14,270,000 | -31,003,000 | -43,058,000 | 36,194,000 | 26,093,000 | 19,900,000 | 20,489,000 | 18,856,000 | 11,693,000 | 10,788,000 | 5,536,000 | 23,067,000 | 15,721,000 | 20,941,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 28,595,000 | 33,378,000 | 41,974,000 | 56,120,000 | 9,798,000 | 10,661,000 | 21,042,000 | 16,622,000 | 17,333,000 | 20,807,000 | 27,601,000 | 31,193,000 | 26,432,000 | 26,924,000 |
| Intangible Assets | 10,769,000 | 12,671,000 | 14,556,000 | 15,346,000 | 13,590,000 | 14,102,000 | 7,340,000 | 7,688,000 | 7,293,000 | 2,684,000 | 3,002,000 | 0 | 0 | 0 |
| Investments & Other | 166,171,000 | 165,141,000 | 78,276,000 | 39,663,000 | 39,298,000 | 39,089,000 | 1,030,000 | 3,375,000 | 105,000 | 169,000 | 180,000 | 24,000 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 84,000 | 77,000 | 253,000 | 790,000 | 784,000 | 1,459,000 | 1,194,000 | 3,914,000 | 740,000 | 922,000 | 0 | 0 | 1,931,000 |
| Total Fixed Assets | 205,535,000 | 211,274,000 | 134,883,000 | 111,382,000 | 63,476,000 | 64,636,000 | 30,871,000 | 28,879,000 | 28,645,000 | 24,400,000 | 31,705,000 | 31,217,000 | 26,432,000 | 28,855,000 |
| Stock & work in progress | 260,000 | 421,000 | 486,000 | 178,000 | 173,000 | 547,000 | 570,000 | 504,000 | 620,000 | 773,000 | 915,000 | 693,000 | 727,000 | 530,000 |
| Trade Debtors | 6,297,000 | 2,402,000 | 1,565,000 | 11,085,000 | 11,430,000 | 15,038,000 | 6,155,000 | 6,802,000 | 3,890,000 | 3,657,000 | 3,122,000 | 4,241,000 | 3,129,000 | 2,944,000 |
| Group Debtors | 626,000 | 187,000 | 785,000 | 456,000 | 373,000 | 1,838,000 | 151,000 | 1,239,000 | 1,452,000 | 1,020,000 | 1,143,000 | 3,142,000 | 4,173,000 | 1,192,000 |
| Misc Debtors | 10,348,000 | 6,475,000 | 8,134,000 | 13,015,000 | 14,608,000 | 5,250,000 | 10,569,000 | 9,631,000 | 5,036,000 | 4,977,000 | 6,517,000 | 7,483,000 | 4,656,000 | 4,063,000 |
| Cash | 55,000 | 0 | 0 | 47,916,000 | 42,285,000 | 37,008,000 | 29,481,000 | 19,305,000 | 19,949,000 | 9,087,000 | 7,889,000 | 15,998,000 | 26,850,000 | 29,992,000 |
| misc current assets | 0 | 0 | 0 | 869,000 | 0 | 361,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,586,000 | 9,485,000 | 10,970,000 | 73,519,000 | 68,869,000 | 60,042,000 | 46,926,000 | 37,481,000 | 30,947,000 | 19,514,000 | 19,586,000 | 31,557,000 | 39,535,000 | 38,721,000 |
| total assets | 223,121,000 | 220,759,000 | 145,853,000 | 184,901,000 | 132,345,000 | 124,678,000 | 77,797,000 | 66,360,000 | 59,592,000 | 43,914,000 | 51,291,000 | 62,774,000 | 65,967,000 | 67,576,000 |
| Bank overdraft | 0 | 0 | 44,855,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 22,156,000 | 14,886,000 | 35,532,000 | 25,064,000 | 24,193,000 | 22,513,000 | 23,216,000 | 21,011,000 | 15,259,000 | 12,766,000 | 16,430,000 | 20,069,000 | 21,998,000 | 21,585,000 |
| Group/Directors Accounts | 7,993,000 | 3,424,000 | 0 | 16,944,000 | 13,951,000 | 9,428,000 | 3,848,000 | 4,608,000 | 4,256,000 | 3,696,000 | 3,684,000 | 3,453,000 | 3,544,000 | 16,132,000 |
| other short term finances | 23,248,000 | 38,115,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 8,724,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 27,793,000 | 13,456,000 | 0 | 16,435,000 | 19,280,000 | 20,294,000 | 13,897,000 | 18,295,000 | 16,682,000 | 18,823,000 | 10,798,000 | 17,686,000 | 16,101,000 | 12,214,000 |
| total current liabilities | 81,190,000 | 69,881,000 | 89,111,000 | 58,443,000 | 57,424,000 | 52,235,000 | 40,961,000 | 43,914,000 | 36,197,000 | 35,285,000 | 30,912,000 | 41,208,000 | 41,643,000 | 49,931,000 |
| loans | 144,612,000 | 147,096,000 | 14,803,000 | 53,557,000 | 0 | 0 | 529,000 | 11,811,000 | 10,735,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 24,867,000 | 29,525,000 | 36,689,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 570,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,647,000 | 2,295,000 | 1,684,000 | 366,000 | 0 | 2,675,000 | 973,000 | 1,109,000 | 1,190,000 | 1,415,000 | 3,342,000 | 764,000 | 984,000 | 3,593,000 |
| total long term liabilities | 171,126,000 | 178,916,000 | 53,176,000 | 53,923,000 | 570,000 | 2,675,000 | 1,502,000 | 12,920,000 | 11,925,000 | 1,415,000 | 3,342,000 | 764,000 | 984,000 | 3,593,000 |
| total liabilities | 252,316,000 | 248,797,000 | 142,287,000 | 112,366,000 | 57,994,000 | 54,910,000 | 42,463,000 | 56,834,000 | 48,122,000 | 36,700,000 | 34,254,000 | 41,972,000 | 42,627,000 | 53,524,000 |
| net assets | -29,195,000 | -28,038,000 | 3,566,000 | 72,535,000 | 74,351,000 | 69,768,000 | 35,334,000 | 9,526,000 | 11,470,000 | 7,214,000 | 17,037,000 | 20,802,000 | 23,340,000 | 14,052,000 |
| total shareholders funds | -29,195,000 | -28,038,000 | 3,566,000 | 72,535,000 | 74,351,000 | 69,768,000 | 35,334,000 | 9,526,000 | 11,470,000 | 7,214,000 | 17,037,000 | 20,802,000 | 23,340,000 | 14,052,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,508,000 | -43,801,000 | -57,234,000 | 21,277,000 | 21,231,000 | 15,468,000 | 17,382,000 | 14,961,000 | 7,682,000 | 5,866,000 | 779,000 | 19,256,000 | 10,978,000 | 15,983,000 |
| Depreciation | 7,783,000 | 8,916,000 | 10,676,000 | 12,146,000 | 2,868,000 | 3,913,000 | 2,684,000 | 3,460,000 | 3,549,000 | 4,604,000 | 4,757,000 | 3,811,000 | 4,743,000 | 4,958,000 |
| Amortisation | 2,979,000 | 3,882,000 | 3,500,000 | 2,771,000 | 1,994,000 | 519,000 | 423,000 | 435,000 | 462,000 | 318,000 | 0 | 0 | 0 | 0 |
| Tax | 1,070,000 | 20,843,000 | 17,765,000 | -1,339,000 | -580,000 | 280,000 | -1,695,000 | -1,305,000 | 454,000 | -1,316,000 | 990,000 | -5,003,000 | -1,847,000 | -3,785,000 |
| Stock | -161,000 | -65,000 | 308,000 | 5,000 | -374,000 | -23,000 | 66,000 | -116,000 | -153,000 | -142,000 | 222,000 | -34,000 | 197,000 | 530,000 |
| Debtors | 8,123,000 | -1,413,000 | -14,248,000 | -2,392,000 | 4,291,000 | 4,576,000 | -532,000 | 4,574,000 | 3,898,000 | -1,310,000 | -3,162,000 | 2,908,000 | 1,828,000 | 10,130,000 |
| Creditors | 7,270,000 | -20,646,000 | 10,468,000 | 871,000 | 1,680,000 | -703,000 | 2,205,000 | 5,752,000 | 2,493,000 | -3,664,000 | -3,639,000 | -1,929,000 | 413,000 | 21,585,000 |
| Accruals and Deferred Income | 14,337,000 | 13,456,000 | -16,435,000 | -2,845,000 | -1,014,000 | 6,397,000 | -4,398,000 | 1,613,000 | -2,141,000 | 8,025,000 | -6,888,000 | 1,585,000 | 3,887,000 | 12,214,000 |
| Deferred Taxes & Provisions | -648,000 | 611,000 | 1,318,000 | 366,000 | -2,675,000 | 1,702,000 | -136,000 | -81,000 | -225,000 | -1,927,000 | 2,578,000 | -220,000 | -2,609,000 | 3,593,000 |
| Cash flow from operations | 28,337,000 | -15,261,000 | -16,002,000 | 35,634,000 | 19,587,000 | 23,023,000 | 16,931,000 | 20,377,000 | 8,529,000 | 13,358,000 | 1,517,000 | 14,626,000 | 13,540,000 | 43,888,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1,030,000 | 86,865,000 | 38,613,000 | 365,000 | 209,000 | 38,059,000 | -2,345,000 | 3,270,000 | -64,000 | -11,000 | 156,000 | 24,000 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,569,000 | 3,424,000 | -16,944,000 | 2,993,000 | 4,523,000 | 5,580,000 | -760,000 | 352,000 | 560,000 | 12,000 | 231,000 | -91,000 | -12,588,000 | 16,132,000 |
| Other Short Term Loans | -14,867,000 | 38,115,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,484,000 | 132,293,000 | -38,754,000 | 53,557,000 | 0 | -529,000 | -11,282,000 | 1,076,000 | 10,735,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -4,658,000 | -15,888,000 | 45,413,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -570,000 | 570,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -5,749,000 | -3,042,000 | -1,683,000 | -1,509,000 | 149,000 | 153,000 | 78,000 | 83,000 | 66,000 | 19,000 | 65,000 | 160,000 | 117,000 | 210,000 |
| cash flow from financing | -23,230,000 | 158,903,000 | -14,357,000 | 51,226,000 | 4,025,000 | 43,737,000 | -1,921,000 | 828,000 | 7,415,000 | 639,000 | 697,000 | 118,000 | -12,431,000 | 52,016,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 55,000 | 0 | -47,916,000 | 5,631,000 | 5,277,000 | 7,527,000 | 10,176,000 | -644,000 | 10,862,000 | 1,198,000 | -8,109,000 | -10,852,000 | -3,142,000 | 29,992,000 |
| overdraft | 0 | -44,855,000 | 44,855,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 55,000 | 44,855,000 | -92,771,000 | 5,631,000 | 5,277,000 | 7,527,000 | 10,176,000 | -644,000 | 10,862,000 | 1,198,000 | -8,109,000 | -10,852,000 | -3,142,000 | 29,992,000 |
P&L
December 2022turnover
228.9m
+185%
operating profit
3.5m
-108%
gross margin
3.7%
-5761.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-29.2m
+0.04%
total assets
223.1m
+0.01%
cash
55k
0%
net assets
Total assets minus all liabilities
Similar Companies
national express limited company details
company number
00232767
Type
Private limited with Share Capital
industry
49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
incorporation date
August 1928
age
96
accounts
Full Accounts
ultimate parent company
previous names
national travel (south east) limited (December 1981)
incorporated
UK
address
national express house, birmingham coach station, mill l, birmingham, england, B5 6DD
last accounts submitted
December 2022
national express limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 13 charges/mortgages relating to national express limited. Currently there are 3 open charges and 10 have been satisfied in the past.
national express limited Companies House Filings - See Documents
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