Euro-creative Tours (u.k.) Limited

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euro-creative tours (u.k.) limited Company Information

Live

MatureSmallDeclining

Company Number

01523139

Website

http://ectuk.com

Registered Address

4th floor standon house, 21 mansell street, london, E1 8AA

Industry

Travel agency activities

Telephone

02078504401

Next Accounts Due

December 2024

Group Structure

View All

Directors

Sakutaro Nakai2 Years

Kengo Okazaki0 Years

Shareholders

jalpak international (europe) bv 100%

euro-creative tours (u.k.) limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of EURO-CREATIVE TOURS (U.K.) LIMITED at £2.5m based on Net Assets of £871k and 2.84x industry multiple (adjusted for liquidity).

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Euro-creative Tours (u.k.) Limited is a live company located in london, E1 8AA with a Companies House number of 01523139. It operates in the travel agency activities sector, SIC Code 79110. Founded in October 1980, it's largest shareholder is jalpak international (europe) bv with a 100% stake. Euro-creative Tours (u.k.) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Euro-Creative Tours (U.K.) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £2m, make it smaller than the average company (£9.9m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a similar rate (-7.4%)

EXPORT

Euro-Creative Tours (U.K.) Limited's latest turnover from March 2023 is estimated at £2 million and the company has net assets of £871 thousand. According to their latest financial statements, Euro-Creative Tours (U.K.) Limited has 10 employees and maintains cash reserves of £717.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,008,746	808,045	738,959	2,641,132	8,696,420	8,783,035	9,057,058	11,257,251	13,398,052	13,957,975	13,549,986	17,853,578	17,011,685	18,974,234
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,536,423	598,569	586,955	2,075,988	7,011,116	7,127,764	7,484,940	10,448,998	12,432,235	13,009,718	12,578,925	16,817,142	15,813,311	17,634,729
Gross Profit	472,323	209,476	152,003	565,144	1,685,304	1,655,271	1,572,118	808,253	965,817	948,257	971,061	1,036,436	1,198,374	1,339,505
Admin Expenses	562,809	477,780	486,257	579,009	1,741,049	1,568,292	1,570,733	734,432	825,927	896,029	949,892	944,436	1,193,824	1,325,646
Operating Profit	-90,486	-268,304	-334,254	-13,865	-55,745	86,979	1,385	73,821	139,890	52,228	21,169	92,000	4,550	13,859
Interest Payable	11,026	0	0	0	0	0	0	0	0	0	22	0	0	0
Interest Receivable	32,163	7,467	1,357	1,570	12,768	8,899	4,463	2,533	2,188	1,946	2,160	1,829	1,641	3,792
Pre-Tax Profit	-69,349	-260,837	-332,897	-12,295	-42,977	95,878	5,848	76,354	142,078	54,174	23,307	93,829	6,191	17,651
Tax	0	0	0	0	0	-18,217	-1,169	-14,815	-29,852	13,967	-7,178	-24,588	-3,221	-23,536
Profit After Tax	-69,349	-260,837	-332,897	-12,295	-42,977	77,661	4,678	61,539	112,226	68,141	16,129	69,241	2,970	-5,885
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	40,000	0
Retained Profit	-69,349	-260,837	-332,897	-12,295	-42,977	77,661	4,678	61,539	112,226	68,141	16,129	69,241	-37,030	-5,885
Employee Costs	395,104	338,907	396,463	413,672	423,250	449,621	533,901	517,626	1,396,153	549,396	603,792	555,531	639,183	824,526
Number Of Employees	10	10	12	12	13	14	17	17	48	19	21	22	24	31
EBITDA*	-85,888	-262,910	-327,155	-4,400	-47,587	96,149	12,984	87,661	155,468	59,950	28,036	100,487	19,756	68,083

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	14,219	17,062	21,295	28,394	37,859	28,692	35,932	45,575	53,387	60,224	17,208	27,281	31,787	45,664
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	14,219	17,062	21,295	28,394	37,859	28,692	35,932	45,575	53,387	60,224	17,208	27,281	31,787	45,664
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	390,440	275,749	90,818	243,853	1,027,418	912,942	820,559	737,203	889,782	1,151,631	1,074,750	854,893	751,881	1,090,671
Group Debtors	12,458	6,041	5,216	13,707	8,295	21,131	25,301	21,100	20,600	18,243	20,992	97,502	155,600	219,436
Misc Debtors	573,852	235,925	125,543	388,736	910,604	735,088	751,199	420,627	451,919	687,982	476,425	611,186	605,213	808,288
Cash	717,584	795,971	1,195,114	1,519,260	1,621,280	1,783,420	1,776,049	1,794,192	1,808,239	1,575,390	1,383,184	1,536,860	1,255,543	1,487,737
misc current assets	0	0	0	0	0	0	0	5,829	0	0	0	0	0	0
total current assets	1,694,334	1,313,686	1,416,691	2,165,556	3,567,597	3,452,581	3,373,108	2,978,951	3,170,540	3,433,246	2,955,351	3,100,441	2,768,237	3,606,132
total assets	1,708,553	1,330,748	1,437,986	2,193,950	3,605,456	3,481,273	3,409,040	3,024,526	3,223,927	3,493,470	2,972,559	3,127,722	2,800,024	3,651,796
Bank overdraft	0	0	0	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	57,080	16,324	18,343	273,292	1,126,744	1,093,841	1,136,516	1,026,249	1,181,082	1,365,336	1,136,181	1,148,384	825,315	1,468,065
Group/Directors Accounts	592	609	638	706	730	657	698	549	745	42,730	64,895	74,479	156,949	84,283
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	562,590	370,893	214,580	381,449	925,592	793,400	754,772	483,872	588,315	743,039	505,648	655,306	637,559	882,071
total current liabilities	620,262	387,826	233,561	655,447	2,053,066	1,887,898	1,891,986	1,510,670	1,770,142	2,151,105	1,706,724	1,878,169	1,619,823	2,434,419
loans	215,145	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	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	0	0	0	0	0	0	0	0	0	0
provisions	2,186	2,613	3,279	4,460	6,052	4,060	5,400	6,880	8,349	9,156	766	613	502	648
total long term liabilities	217,331	2,613	3,279	4,460	6,052	4,060	5,400	6,880	8,349	9,156	766	613	502	648
total liabilities	837,593	390,439	236,840	659,907	2,059,118	1,891,958	1,897,386	1,517,550	1,778,491	2,160,261	1,707,490	1,878,782	1,620,325	2,435,067
net assets	870,960	940,309	1,201,146	1,534,043	1,546,338	1,589,315	1,511,654	1,506,976	1,445,436	1,333,209	1,265,069	1,248,940	1,179,699	1,216,729
total shareholders funds	870,960	940,309	1,201,146	1,534,043	1,546,338	1,589,315	1,511,654	1,506,976	1,445,436	1,333,209	1,265,069	1,248,940	1,179,699	1,216,729

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-90,486	-268,304	-334,254	-13,865	-55,745	86,979	1,385	73,821	139,890	52,228	21,169	92,000	4,550	13,859
Depreciation	4,598	5,394	7,099	9,465	8,158	9,170	11,599	13,840	15,578	7,722	6,867	8,487	15,206	54,224
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-18,217	-1,169	-14,815	-29,852	13,967	-7,178	-24,588	-3,221	-23,536
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	459,035	296,138	-424,719	-1,300,021	277,156	72,102	418,129	-183,371	-495,555	285,689	8,586	50,887	-605,701	2,118,395
Creditors	40,756	-2,019	-254,949	-853,452	32,903	-42,675	110,267	-154,833	-184,254	229,155	-12,203	323,069	-642,750	1,468,065
Accruals and Deferred Income	191,697	156,313	-166,869	-544,143	132,192	38,628	270,900	-104,443	-154,724	237,391	-149,658	17,747	-244,512	882,071
Deferred Taxes & Provisions	-427	-666	-1,181	-1,592	1,992	-1,340	-1,480	-1,469	-807	8,390	153	111	-146	648
Cash flow from operations	-312,897	-405,420	-325,435	-103,566	-157,656	443	-26,627	-4,528	281,386	263,164	-149,436	365,939	-265,172	276,936
Investing Activities
capital expenditure	-1,755	-1,161	0	0	-17,325	-1,930	-1,956	-6,028	-8,741	-50,738	3,206	-3,981	-1,329	-99,888
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,755	-1,161	0	0	-17,325	-1,930	-1,956	-6,028	-8,741	-50,738	3,206	-3,981	-1,329	-99,888
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-17	-29	-68	-24	73	-41	149	-196	-41,985	-22,165	-9,584	-82,470	72,666	84,283
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	215,145	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	1	1	-1	0	0	0	1,222,614
interest	21,137	7,467	1,357	1,570	12,768	8,899	4,463	2,533	2,188	1,946	2,138	1,829	1,641	3,792
cash flow from financing	236,265	7,438	1,289	1,546	12,841	8,858	4,612	2,338	-39,796	-20,220	-7,446	-80,641	74,307	1,310,689
cash and cash equivalents
cash	-78,387	-399,143	-324,146	-102,020	-162,140	7,371	-18,143	-14,047	232,849	192,206	-153,676	281,317	-232,194	1,487,737
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-78,387	-399,143	-324,146	-102,020	-162,140	7,371	-18,143	-14,047	232,849	192,206	-153,676	281,317	-232,194	1,487,737

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EURO-CREATIVE TOURS (U.K.) LIMITED group structure

Euro-Creative Tours (U.K.) Limited has no subsidiary companies.

Ultimate parent company

JAPAN AIRLINES CO LTD

#0005383

JALPAK INTERNATIONAL (EUROPE) B.V.

FC023772

2 parents

EURO-CREATIVE TOURS (U.K.) LIMITED

01523139

EURO-CREATIVE TOURS (U.K.) LIMITED Shareholders

jalpak international (europe) bv

100%

Euro-Creative Tours (U.K.) Limited currently has 2 directors. The longest serving directors include Mr Sakutaro Nakai (Jun 2022) and Mr Kengo Okazaki (Apr 2024).

officer	country	age	start	end	role
Mr Sakutaro Nakai		54 years	Jun 2022	-	Director
Mr Kengo Okazaki		49 years	Apr 2024	-	Director

P&L

March 2023

turnover

+149%

operating profit

-90.5k

gross margin

23.6%

-9.3%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

871k

-0.07%

total assets

1.7m

+0.28%

cash

717.6k

-0.1%

net assets

Total assets minus all liabilities

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company number

01523139

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

October 1980

age

accounts

Small Company

ultimate parent company

JAPAN AIRLINES CO LTD

previous names

euro-creative tours (u.k.) limited (October 2009)

incorporated

address

4th floor standon house, 21 mansell street, london, E1 8AA

last accounts submitted

March 2023

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 2 charges/mortgages relating to euro-creative tours (u.k.) limited. Currently there are 1 open charges and 1 have been satisfied in the past.

euro-creative tours (u.k.) limited Company Information

euro-creative tours (u.k.) limited Estimated Valuation

euro-creative tours (u.k.) limited Estimated Valuation

euro-creative tours (u.k.) limited Estimated Valuation

Euro-creative Tours (u.k.) Limited Overview

Euro-creative Tours (u.k.) Limited Health Check

EURO-CREATIVE TOURS (U.K.) LIMITED financials

euro-creative tours (u.k.) limited Credit Report and Business Information

Euro-creative Tours (u.k.) Limited Competitor Analysis

euro-creative tours (u.k.) limited Ownership

euro-creative tours (u.k.) limited directors

euro-creative tours (u.k.) limited company details

euro-creative tours (u.k.) limited Charges & Mortgages

euro-creative tours (u.k.) limited Companies House Filings - See Documents