
Company Number
01209516
Next Accounts
Sep 2025
Shareholders
journeo plc
Group Structure
View All
Industry
Electrical installation
Registered Address
12 charter point way, ashby-de-la-zouch, LE65 1NF
Website
www.21stcenturycctv.comPomanda estimates the enterprise value of JOURNEO FLEET SYSTEMS LIMITED at £8.7m based on a Turnover of £16.3m and 0.53x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of JOURNEO FLEET SYSTEMS LIMITED at £4.3m based on an EBITDA of £762.2k and a 5.63x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of JOURNEO FLEET SYSTEMS LIMITED at £6.4m based on Net Assets of £2.6m and 2.45x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Journeo Fleet Systems Limited is a live company located in ashby-de-la-zouch, LE65 1NF with a Companies House number of 01209516. It operates in the electrical installation sector, SIC Code 43210. Founded in April 1975, it's largest shareholder is journeo plc with a 100% stake. Journeo Fleet Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.3m with rapid growth in recent years.
Pomanda's financial health check has awarded Journeo Fleet Systems Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £16.3m, make it larger than the average company (£3.7m)
£16.3m - Journeo Fleet Systems Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (9.3%)
34% - Journeo Fleet Systems Limited
9.3% - Industry AVG
Production
with a gross margin of 24.2%, this company has a comparable cost of product (25.4%)
24.2% - Journeo Fleet Systems Limited
25.4% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (6.5%)
1.9% - Journeo Fleet Systems Limited
6.5% - Industry AVG
Employees
with 60 employees, this is above the industry average (26)
60 - Journeo Fleet Systems Limited
26 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£45.5k)
£47.7k - Journeo Fleet Systems Limited
£45.5k - Industry AVG
Efficiency
resulting in sales per employee of £272.2k, this is more efficient (£154.8k)
£272.2k - Journeo Fleet Systems Limited
£154.8k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (57 days)
100 days - Journeo Fleet Systems Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (41 days)
47 days - Journeo Fleet Systems Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is more than average (12 days)
82 days - Journeo Fleet Systems Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (22 weeks)
4 weeks - Journeo Fleet Systems Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.5%, this is a higher level of debt than the average (58.6%)
80.5% - Journeo Fleet Systems Limited
58.6% - Industry AVG
Journeo Fleet Systems Limited's latest turnover from December 2023 is £16.3 million and the company has net assets of £2.6 million. According to their latest financial statements, Journeo Fleet Systems Limited has 60 employees and maintains cash reserves of £859.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | 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 | 16,332,064 | 12,494,302 | 9,290,442 | 6,826,510 | 6,646,370 | 8,216,594 | 7,502,155 | 6,922,962 | 8,601,052 | 9,026,896 | 10,825,696 | 14,025,938 | 14,005,819 | 10,906,685 | 11,213,346 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | 12,382,841 | 8,783,172 | 6,371,091 | 4,679,629 | 4,746,027 | 4,335,033 | 4,885,348 | 4,619,970 | 5,046,477 | 5,832,176 | 6,474,856 | 6,497,042 | 6,213,654 | 4,589,087 | 5,651,730 |
Gross Profit | 3,949,223 | 3,711,130 | 2,919,351 | 2,146,881 | 1,900,343 | 3,881,561 | 2,616,807 | 2,302,992 | 3,554,575 | 3,194,720 | 4,350,840 | 7,528,896 | 7,792,165 | 6,317,598 | 5,561,616 |
Admin Expenses | 3,641,368 | 3,051,329 | 2,315,346 | 2,011,229 | 2,198,012 | 3,374,384 | 2,466,792 | 3,823,809 | 3,872,686 | 3,396,364 | 4,415,714 | 5,473,355 | 6,209,971 | 5,405,308 | 6,149,836 |
Operating Profit | 307,855 | 659,801 | 604,005 | 135,652 | -297,669 | 507,177 | 150,015 | -1,520,817 | -318,111 | -201,644 | -64,874 | 2,055,541 | 1,582,194 | 912,290 | -588,220 |
Interest Payable | 280,874 | 199,506 | 121,607 | 60,014 | 96,003 | 77,136 | 29,590 | 3,390 | 5,917 | 4,901 | 8,333 | 6,783 | 60,968 | ||
Interest Receivable | 1 | 18 | 40 | 48 | 818 | 325 | 453 | 4,924 | 19,157 | ||||||
Pre-Tax Profit | 26,981 | 460,295 | 482,399 | 75,656 | -393,632 | 430,020 | 120,425 | -1,523,389 | -317,786 | -201,191 | -65,867 | 2,069,797 | 1,573,861 | 905,507 | -290,595 |
Tax | -23,805 | 54,606 | -4,610 | -474,535 | -387,890 | -240,000 | -12,000 | ||||||||
Profit After Tax | 26,981 | 460,295 | 482,399 | 75,656 | -393,632 | 430,020 | 120,425 | -1,523,389 | -341,591 | -146,585 | -70,477 | 1,595,262 | 1,185,971 | 665,507 | -302,595 |
Dividends Paid | |||||||||||||||
Retained Profit | 26,981 | 460,295 | 482,399 | 75,656 | -393,632 | 430,020 | 120,425 | -1,523,389 | -341,591 | -146,585 | -70,477 | 1,595,262 | 1,185,971 | 665,507 | -302,595 |
Employee Costs | 2,862,691 | 2,260,070 | 1,973,378 | 1,845,920 | 1,945,734 | 1,877,081 | 1,834,361 | 2,086,257 | 3,188,114 | 2,560,436 | 2,853,693 | 2,746,152 | 3,142,057 | 3,037,877 | 3,292,262 |
Number Of Employees | 60 | 48 | 44 | 42 | 44 | 47 | 43 | 52 | 50 | 58 | 69 | 60 | 65 | 67 | 76 |
EBITDA* | 762,222 | 1,017,818 | 983,324 | 463,926 | -40,269 | 618,578 | 240,987 | -1,430,940 | -308,375 | -201,644 | 128,934 | 2,239,097 | 1,795,231 | 1,255,467 | -141,749 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | 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 | 85,146 | 118,581 | 1,617,988 | 1,666,679 | 1,335,230 | 1,171,712 | 1,155,831 | 1,170,053 | 1,243,257 | 251,277 | 208,431 | 191,531 | 2,382,565 | 2,717,548 | 2,882,406 |
Intangible Assets | 1,100,157 | 982,041 | 541,565 | 478,743 | 338,241 | 253,438 | 170,675 | 108,314 | 10,542 | 117,439 | 156,438 | 172,302 | 136,412 | ||
Investments & Other | 2,587,828 | 1,085,451 | 1,085,451 | 1,085,451 | 1,085,451 | 1,085,451 | 1,085,451 | 1,085,451 | 1,085,451 | ||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | 3,773,131 | 2,186,073 | 2,159,553 | 2,145,422 | 1,673,471 | 1,425,150 | 1,326,506 | 1,278,367 | 1,253,799 | 251,277 | 208,431 | 308,970 | 2,539,003 | 2,889,850 | 3,018,818 |
Stock & work in progress | 2,782,464 | 2,414,616 | 1,032,104 | 1,300,317 | 1,042,232 | 1,076,161 | 1,036,582 | 1,224,495 | 827,359 | 850,633 | 1,722,594 | 2,005,768 | 1,989,131 | 1,058,190 | 1,657,781 |
Trade Debtors | 4,513,927 | 4,115,616 | 2,270,149 | 1,007,599 | 1,719,717 | 1,300,048 | 2,089,595 | 2,238,352 | 2,770,061 | 959,966 | 1,839,400 | 2,631,796 | 1,157,248 | 1,687,065 | 1,678,087 |
Group Debtors | 1,214,485 | 1,517,517 | 1,040,960 | 1,005,817 | 1,759,469 | 2,463,428 | 2,061,599 | 1,688,020 | 1,947,810 | 2,031,493 | 1,702,686 | 967,155 | 75,026 | 1,377,655 | |
Misc Debtors | 260,362 | 238,018 | 727,578 | 181,369 | 99,831 | 41,924 | 195,542 | 139,647 | 411,952 | 351,465 | 377,665 | 318,336 | 369,969 | 276,690 | 385,452 |
Cash | 859,299 | 274,489 | 552,676 | 637,289 | 375,177 | 259,947 | 169,940 | 290,667 | 591,365 | 2,628,728 | 1,291,776 | 1,668,245 | 2,809,454 | 1,143,790 | 33,613 |
misc current assets | 68,195 | 11,998 | |||||||||||||
total current assets | 9,630,537 | 8,560,256 | 5,623,467 | 4,132,391 | 4,996,426 | 5,141,508 | 5,553,258 | 5,581,181 | 6,616,742 | 6,834,283 | 6,934,121 | 7,591,300 | 6,325,802 | 4,240,761 | 5,132,588 |
total assets | 13,403,668 | 10,746,329 | 7,783,020 | 6,277,813 | 6,669,897 | 6,566,658 | 6,879,764 | 6,859,548 | 7,870,541 | 7,085,560 | 7,142,552 | 7,900,270 | 8,864,805 | 7,130,611 | 8,151,406 |
Bank overdraft | |||||||||||||||
Bank loan | 13,141 | 1,814,312 | |||||||||||||
Trade Creditors | 1,596,136 | 1,498,939 | 1,026,175 | 842,530 | 1,476,317 | 899,088 | 1,258,304 | 1,125,343 | 721,668 | 2,702,943 | 494,544 | 618,623 | 754,998 | 687,021 | 681,588 |
Group/Directors Accounts | 6,634,001 | 2,911,273 | 1,177,474 | 1,242,826 | 3,694,231 | 3,833,927 | 4,183,188 | ||||||||
other short term finances | 1,066,968 | 522,544 | 1,092,608 | 961,681 | 779,817 | ||||||||||
hp & lease commitments | 133,694 | 121,031 | 120,561 | 134,875 | 87,705 | ||||||||||
other current liabilities | 1,646,538 | 1,283,899 | 2,820,126 | 2,407,913 | 2,051,052 | 2,433,145 | 2,924,862 | 3,646,929 | 3,341,320 | 350,058 | 1,426,088 | 2,131,374 | 2,201,068 | 1,397,673 | 2,036,882 |
total current liabilities | 10,023,510 | 7,629,454 | 5,033,830 | 3,907,862 | 4,707,682 | 4,293,914 | 4,962,983 | 4,772,272 | 4,062,988 | 3,053,001 | 3,098,106 | 3,992,823 | 6,650,297 | 5,918,621 | 6,901,658 |
loans | 27,688 | 39,759 | 631,158 | 745,630 | 167,938 | 51,736 | |||||||||
hp & lease commitments | 266,132 | 224,653 | 261,210 | 358,382 | 63,592 | ||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | 206,894 | 80,250 | |||||||||||||
provisions | 271,149 | 271,149 | 625,184 | 556,532 | 630,564 | 580,560 | 780,410 | 1,362,250 | 1,756,026 | 1,522,856 | 626,730 | 419,254 | 321,577 | 233,482 | 277,164 |
total long term liabilities | 771,863 | 535,561 | 628,171 | 731,331 | 399,251 | 316,148 | 390,205 | 681,125 | 878,013 | 761,428 | 626,730 | 419,254 | 321,577 | 233,482 | 277,164 |
total liabilities | 10,795,373 | 8,165,015 | 5,662,001 | 4,639,193 | 5,106,933 | 4,610,062 | 5,353,188 | 5,453,397 | 4,941,001 | 3,814,429 | 3,724,836 | 4,412,077 | 6,971,874 | 6,152,103 | 7,178,822 |
net assets | 2,608,295 | 2,581,314 | 2,121,019 | 1,638,620 | 1,562,964 | 1,956,596 | 1,526,576 | 1,406,151 | 2,929,540 | 3,271,131 | 3,417,716 | 3,488,193 | 1,892,931 | 978,508 | 972,584 |
total shareholders funds | 2,608,295 | 2,581,314 | 2,121,019 | 1,638,620 | 1,562,964 | 1,956,596 | 1,526,576 | 1,406,151 | 2,929,540 | 3,271,131 | 3,417,716 | 3,488,193 | 1,892,931 | 978,508 | 972,584 |
Dec 2023 | 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 | 307,855 | 659,801 | 604,005 | 135,652 | -297,669 | 507,177 | 150,015 | -1,520,817 | -318,111 | -201,644 | -64,874 | 2,055,541 | 1,582,194 | 912,290 | -588,220 |
Depreciation | 203,160 | 209,571 | 197,826 | 185,992 | 164,642 | 53,254 | 43,325 | 79,477 | 9,278 | 92,355 | 54,378 | 155,411 | 219,977 | 318,771 | |
Amortisation | 251,207 | 148,446 | 181,493 | 142,282 | 92,758 | 58,147 | 47,647 | 10,400 | 458 | 101,453 | 129,178 | 57,626 | 123,200 | 127,700 | |
Tax | -23,805 | 54,606 | -4,610 | -474,535 | -387,890 | -240,000 | -12,000 | ||||||||
Stock | 367,848 | 1,382,512 | -268,213 | 258,085 | -33,929 | 39,579 | -187,913 | 397,136 | -23,274 | -871,961 | -283,174 | 16,637 | 930,941 | -599,591 | 1,657,781 |
Debtors | 117,623 | 1,832,464 | 1,843,902 | -1,384,232 | -226,383 | -541,336 | 280,717 | -1,063,804 | 1,786,899 | -576,827 | 2,464 | 2,390,070 | -511,564 | -1,402,413 | 3,441,194 |
Creditors | 97,197 | 472,764 | 183,645 | -633,787 | 577,229 | -359,216 | 132,961 | 403,675 | -1,981,275 | 2,208,399 | -124,079 | -136,375 | 67,977 | 5,433 | 681,588 |
Accruals and Deferred Income | 362,639 | -1,536,227 | 412,213 | 356,861 | -382,093 | -491,717 | -722,067 | 305,609 | 2,991,262 | -1,076,030 | -705,286 | -69,694 | 803,395 | -639,209 | 2,036,882 |
Deferred Taxes & Provisions | -354,035 | 68,652 | -74,032 | 50,004 | -199,850 | -581,840 | -393,776 | 233,170 | 896,126 | 207,476 | 97,677 | 88,095 | -43,682 | 277,164 | |
Cash flow from operations | 736,587 | -3,614,656 | 72,145 | 1,239,115 | 465,183 | 69,552 | -1,022,763 | -448,764 | -852,648 | -216,855 | -750,537 | 1,947,431 | 2,340,013 | -2,257,090 | |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 1,502,377 | 1,085,451 | |||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | -1,801,171 | 1,814,312 | |||||||||||||
Group/Directors Accounts | 3,722,728 | 2,911,273 | -1,177,474 | -65,352 | -2,451,405 | -139,696 | -349,261 | 4,183,188 | |||||||
Other Short Term Loans | -1,066,968 | 544,424 | -570,064 | 130,927 | 181,864 | 779,817 | |||||||||
Long term loans | -12,071 | -591,399 | -114,472 | 577,692 | 116,202 | 51,736 | |||||||||
Hire Purchase and Lease Commitments | 54,142 | -36,087 | -111,486 | 341,960 | 151,297 | ||||||||||
other long term liabilities | 206,894 | -80,250 | 80,250 | ||||||||||||
share issue | |||||||||||||||
interest | -280,874 | -199,506 | -121,606 | -59,996 | -95,963 | -77,088 | -29,590 | -2,572 | 325 | 453 | -993 | 14,256 | -8,333 | -6,783 | -60,968 |
cash flow from financing | 1,889,648 | 2,831,625 | 116,610 | 369,842 | 302,463 | 156,512 | 750,227 | -2,572 | 325 | -1,177,021 | -66,345 | -2,437,149 | -419,577 | -1,015,627 | 5,397,399 |
cash and cash equivalents | |||||||||||||||
cash | 584,810 | -278,187 | -84,613 | 262,112 | 115,230 | 90,007 | -120,727 | -300,698 | -2,037,363 | 1,336,952 | -376,469 | -1,141,209 | 1,665,664 | 1,110,177 | 33,613 |
overdraft | |||||||||||||||
change in cash | 584,810 | -278,187 | -84,613 | 262,112 | 115,230 | 90,007 | -120,727 | -300,698 | -2,037,363 | 1,336,952 | -376,469 | -1,141,209 | 1,665,664 | 1,110,177 | 33,613 |
Perform a competitor analysis for journeo fleet systems limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in LE65 area or any other competitors across 12 key performance metrics.
JOURNEO FLEET SYSTEMS LIMITED group structure
Journeo Fleet Systems Limited has 1 subsidiary company.
Ultimate parent company
1 parent
JOURNEO FLEET SYSTEMS LIMITED
01209516
1 subsidiary
Journeo Fleet Systems Limited currently has 3 directors. The longest serving directors include Mr Russell Singleton (Jan 2014) and Mr Mark Elliott (Feb 2015).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Russell Singleton | 66 years | Jan 2014 | - | Director | |
Mr Mark Elliott | United Kingdom | 66 years | Feb 2015 | - | Director |
Mr Nicholas Lowe | England | 46 years | May 2017 | - | Director |
P&L
December 2023turnover
16.3m
+31%
operating profit
307.9k
-53%
gross margin
24.2%
-18.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.6m
+0.01%
total assets
13.4m
+0.25%
cash
859.3k
+2.13%
net assets
Total assets minus all liabilities
company number
01209516
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
April 1975
age
50
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
21st century fleet systems limited (October 2022)
21st century technology solutions limited (July 2016)
See moreaccountant
-
auditor
COOPER PARRY GROUP LIMITED
address
12 charter point way, ashby-de-la-zouch, LE65 1NF
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
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 29 charges/mortgages relating to journeo fleet systems limited. Currently there are 2 open charges and 27 have been satisfied in the past.
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for JOURNEO FLEET SYSTEMS LIMITED. This can take several minutes, an email will notify you when this has completed.
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