Moresand Limited

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moresand limited Company Information

Live

MatureMegaHigh

Company Number

02114691

Next Accounts

Dec 2024

Industry

Travel agency activities

Directors

Paramjit Kang

Kamaljit Kang

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Shareholders

paramjit kang

kamaljit kaur kang

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Group Structure

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Contact

Registered Address

10-11 percy street, london, W1T 1DN

Website

http://affordableluxurytravel.co.uk

moresand limited Estimated Valuation

£241.2m

Pomanda estimates the enterprise value of MORESAND LIMITED at £241.2m based on a Turnover of £358.1m and 0.67x industry multiple (adjusted for size and gross margin).

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Moresand Limited is a live company located in london, W1T 1DN with a Companies House number of 02114691. It operates in the travel agency activities sector, SIC Code 79110. Founded in March 1987, it's largest shareholder is paramjit kang with a 51% stake. Moresand Limited is a mature, mega sized company, Pomanda has estimated its turnover at £358.1m with high growth in recent years.

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Pomanda's financial health check has awarded Moresand Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £358.1m, make it larger than the average company (£9.8m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (-7.7%)

EXPORT

Moresand Limited's latest turnover from March 2023 is £358.1 million and the company has net assets of £10.7 million. According to their latest financial statements, Moresand Limited has 53 employees and maintains cash reserves of £25.1 million 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	358,095,324	115,358,553	36,045,933	215,828,757	212,423,913	193,070,992	145,557,532	131,058,636	121,356,259	128,087,715	112,731,035	100,185,594	89,692,268	58,397,552
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	337,051,830	103,634,914	28,931,573	201,015,345	197,652,408	181,120,138	136,364,841	122,634,110	113,244,679	120,201,556	105,945,118	94,522,387	85,075,965	55,029,039
Gross Profit	21,043,494	11,723,639	7,114,360	14,813,412	14,771,505	11,950,854	9,192,691	8,424,526	8,111,580	7,886,159	6,785,917	5,663,207	4,616,303	3,368,513
Admin Expenses	18,398,720	10,885,296	6,930,149	14,129,619	12,871,416	10,277,415	7,957,190	7,136,644	7,037,441	6,485,244	5,769,468	5,620,469	4,181,132	3,186,559
Operating Profit	2,644,774	838,343	184,211	683,793	1,900,089	1,673,439	1,235,501	1,287,882	1,074,139	1,400,915	1,016,449	42,738	435,171	181,954
Interest Payable	0	0	0	0	0	66,854	0	0	10,237	0	0	36	0	17,694
Interest Receivable	605,805	245,486	76,786	189,908	102,362	53,748	69,223	105,732	118,817	85,875	127,143	107,842	33,688	2,318
Pre-Tax Profit	3,250,579	1,083,829	260,997	873,701	2,002,451	1,660,333	1,304,724	1,362,418	1,192,956	1,486,790	1,142,425	264,580	468,859	104,282
Tax	-271,582	115,883	267,911	29,671	-184,863	-185,627	-247,272	-172,263	-255,493	-383,153	-279,623	-56,961	-118,538	-30,338
Profit After Tax	2,978,997	1,199,712	528,908	903,372	1,817,588	1,474,706	1,057,452	1,190,155	937,463	1,103,637	862,802	207,619	350,321	73,944
Dividends Paid	250,000	150,000	0	100,000	100,000	160,000	70,318	0	0	0	0	0	0	0
Retained Profit	2,728,997	1,049,712	528,908	803,372	1,717,588	1,314,706	987,134	1,190,155	937,463	1,103,637	862,802	207,619	350,321	73,944
Employee Costs	2,779,425	1,730,584	1,630,874	1,732,526	1,889,094	1,015,589	1,484,916	1,149,128	1,441,147	747,494	871,434	1,333,669	735,908	684,929
Number Of Employees	53	51	54	56	56	43	39	41	35	38	43	38	40	36
EBITDA*	2,823,430	906,471	220,296	743,020	1,937,853	1,711,229	1,268,697	1,318,489	1,101,703	1,442,759	1,049,304	86,436	509,203	257,761

* 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	1,853,819	1,114,566	958,201	993,162	1,006,979	130,993	144,230	41,819	834,444	941,592	869,460	742,233	769,264	432,490
Intangible Assets	289,591	0	0	0	0	0	13,888	30,555	47,222	0	16,666	33,333	0	47,000
Investments & Other	149,455	149,455	149,455	149,455	149,455	1,063,205	1,063,205	983,205	180,651	0	345,000	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	25,000	0	0
Total Fixed Assets	2,292,865	1,264,021	1,107,656	1,142,617	1,156,434	1,194,198	1,221,323	1,055,579	1,062,317	941,592	1,231,126	800,566	769,264	479,490
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	11,392,446	9,678,612	2,329,911	2,976,391	8,606,363	6,504,167	4,997,322	4,983,903	6,630,225	5,275,989	5,149,561	3,392,395	4,852,927	3,912,772
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	5,847,731	3,306,343	3,768,771	10,445,806	1,962,501	2,118,876	1,027,828	1,425,357	137,357	140,777	339,693	1,082,540	104,959	80,559
Cash	25,079,488	28,939,163	16,569,709	16,387,975	18,199,930	15,008,373	13,168,755	7,270,245	8,875,602	7,628,675	8,414,549	6,010,731	4,881,159	3,065,706
misc current assets	1,151,892	1,300,165	829,518	112,254	0	0	0	0	0	247,475	819,577	242,291	0	0
total current assets	43,471,557	43,224,283	23,497,909	29,922,426	28,768,794	23,631,416	19,193,905	13,679,505	15,643,184	13,292,916	14,723,380	10,727,957	9,839,045	7,059,037
total assets	45,764,422	44,488,304	24,605,565	31,065,043	29,925,228	24,825,614	20,415,228	14,735,084	16,705,501	14,234,508	15,954,506	11,528,523	10,608,309	7,538,527
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	24,036,643	27,753,513	13,991,882	22,651,771	20,825,240	17,236,027	14,382,558	10,851,052	12,306,520	9,203,678	12,489,342	9,049,674	8,853,764	6,361,771
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	64,728	0	18,918	15,228	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	10,899,694	8,646,399	3,475,817	1,725,710	3,195,354	2,873,988	1,857,164	740,085	1,003,189	869,840	628,339	918,279	285,487	152,441
total current liabilities	35,001,065	36,399,912	17,486,617	24,392,709	24,020,594	20,110,015	16,239,722	11,591,137	13,309,709	10,073,518	13,117,681	9,967,953	9,139,251	6,514,212
loans	0	0	0	0	0	0	0	0	0	314,982	578,453	0	1,107	8,685
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	484,000	0	165,000	280,000	280,000
other liabilities	0	0	0	0	0	0	0	0	242,000	0	0	0	0	0
provisions	37,769	37,769	128,002	185,205	180,522	8,566	0	0	0	0	0	0	0	0
total long term liabilities	37,769	37,769	128,002	185,205	180,522	8,566	0	0	242,000	798,982	578,453	165,000	281,107	288,685
total liabilities	35,038,834	36,437,681	17,614,619	24,577,914	24,201,116	20,118,581	16,239,722	11,591,137	13,551,709	10,872,500	13,696,134	10,132,953	9,420,358	6,802,897
net assets	10,725,588	8,050,623	6,990,946	6,487,129	5,724,112	4,707,033	4,175,506	3,143,947	3,153,792	3,362,008	2,258,372	1,395,570	1,187,951	735,630
total shareholders funds	10,725,588	8,050,623	6,990,946	6,487,129	5,724,112	4,707,033	4,175,506	3,143,947	3,153,792	3,362,008	2,258,372	1,395,570	1,187,951	735,630

	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	2,644,774	838,343	184,211	683,793	1,900,089	1,673,439	1,235,501	1,287,882	1,074,139	1,400,915	1,016,449	42,738	435,171	181,954
Depreciation	125,065	68,128	36,085	59,227	37,764	23,902	16,529	13,940	24,786	25,178	16,188	27,031	27,032	28,807
Amortisation	53,591	0	0	0	0	13,888	16,667	16,667	2,778	16,666	16,667	16,667	47,000	47,000
Tax	-271,582	115,883	267,911	29,671	-184,863	-185,627	-247,272	-172,263	-255,493	-383,153	-279,623	-56,961	-118,538	-30,338
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	4,255,222	6,886,273	-7,323,515	2,853,333	1,945,821	2,597,893	-384,110	-358,322	1,350,816	-72,488	989,319	-457,951	964,555	3,993,331
Creditors	-3,716,870	13,761,631	-8,659,889	1,826,531	3,589,213	2,853,469	3,531,506	-1,455,468	3,102,842	-3,285,664	3,439,668	195,910	2,491,993	6,361,771
Accruals and Deferred Income	2,253,295	5,170,582	1,750,107	-1,469,644	321,366	1,016,824	1,117,079	-263,104	-350,651	725,501	-454,940	517,792	133,046	432,441
Deferred Taxes & Provisions	0	-90,233	-57,203	4,683	171,956	8,566	0	0	0	0	0	0	0	0
Cash flow from operations	-3,166,949	12,978,061	844,737	-1,719,072	3,889,704	2,806,568	6,054,120	-214,024	2,247,585	-1,428,069	2,765,090	1,201,128	2,051,149	3,028,304
Investing Activities
capital expenditure	0	0	0	0	0	-10,665	-198,940	-21,374	162,851	800,430	-1,066,868	-178,291	-363,806	-6,860
Change in Investments	0	0	0	0	-913,750	0	80,000	802,554	180,651	-345,000	345,000	0	0	0
cash flow from investments	0	0	0	0	913,750	-10,665	-278,940	-823,928	-17,800	1,145,430	-1,411,868	-178,291	-363,806	-6,860
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	64,728	-18,918	3,690	15,228	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-314,982	-263,471	578,453	-1,107	-7,578	8,685
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	-242,000	242,000	0	0	0	0	0
share issue	-54,032	9,965	-25,091	-40,355	-700,509	-783,179	44,425	-1,200,000	-1,145,679	-1	0	0	102,000	661,686
interest	605,805	245,486	76,786	189,908	102,362	-13,106	69,223	105,732	108,580	85,875	127,143	107,806	33,688	-15,376
cash flow from financing	616,501	236,533	55,385	164,781	-598,147	-796,285	113,648	-1,336,268	-1,110,081	-177,597	705,596	106,699	128,110	654,995
cash and cash equivalents
cash	-3,859,675	12,369,454	181,734	-1,811,955	3,191,557	1,839,618	5,898,510	-1,605,357	1,246,927	-785,874	2,403,818	1,129,572	1,815,453	3,065,706
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-3,859,675	12,369,454	181,734	-1,811,955	3,191,557	1,839,618	5,898,510	-1,605,357	1,246,927	-785,874	2,403,818	1,129,572	1,815,453	3,065,706

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MORESAND LIMITED group structure

Moresand Limited has no subsidiary companies.

Ultimate parent company

MORESAND LIMITED

02114691

MORESAND LIMITED Shareholders

paramjit kang	51%
kamaljit kaur kang	25%
sukhdeep singh kang	24%

Moresand Limited currently has 3 directors. The longest serving directors include Mr Paramjit Kang (Oct 1990) and Mrs Kamaljit Kang (Jun 2015).

officer	country	age	start	end	role
Mr Paramjit Kang	England	66 years	Oct 1990	-	Director
Mrs Kamaljit Kang	England	64 years	Jun 2015	-	Director
Mr Sukhdeep Kang	United Kingdom	38 years	Sep 2016	-	Director

P&L

March 2023

turnover

358.1m

+210%

operating profit

2.6m

+215%

gross margin

5.9%

-42.18%

turnover

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

Balance Sheet

March 2023

net assets

10.7m

+0.33%

total assets

45.8m

+0.03%

cash

25.1m

-0.13%

net assets

Total assets minus all liabilities

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company number

02114691

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

March 1987

ultimate parent company

None

previous names

N/A

address

10-11 percy street, london, W1T 1DN

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 18 charges/mortgages relating to moresand limited. Currently there are 3 open charges and 15 have been satisfied in the past.

moresand limited Company Information

moresand limited Estimated Valuation

moresand limited Estimated Valuation

moresand limited Estimated Valuation

Moresand Limited Overview

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MORESAND LIMITED financials

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