fleetway travel limited

Live (In Liquidation)MatureLargeDeclining

fleetway travel limited Company Information

Share FLEETWAY TRAVEL LIMITED

Company Number

02157381

Shareholders

delta bidco limited

Group Structure

View All

Industry

Travel agency activities

 

Registered Address

pricewaterhouse coopers llp, 8th floor, central square, leeds, LS1 4DL

fleetway travel limited Estimated Valuation

£56.9m

Pomanda estimates the enterprise value of FLEETWAY TRAVEL LIMITED at £56.9m based on a Turnover of £38.4m and 1.48x industry multiple (adjusted for size and gross margin).

fleetway travel limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of FLEETWAY TRAVEL LIMITED at £4.1m based on an EBITDA of £576.3k and a 7.14x industry multiple (adjusted for size and gross margin).

fleetway travel limited Estimated Valuation

£17.7m

Pomanda estimates the enterprise value of FLEETWAY TRAVEL LIMITED at £17.7m based on Net Assets of £7.9m and 2.24x industry multiple (adjusted for liquidity).

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Fleetway Travel Limited Overview

Fleetway Travel Limited is a live company located in leeds, LS1 4DL with a Companies House number of 02157381. It operates in the travel agency activities sector, SIC Code 79110. Founded in August 1987, it's largest shareholder is delta bidco limited with a 100% stake. Fleetway Travel Limited is a mature, large sized company, Pomanda has estimated its turnover at £38.4m with declining growth in recent years.

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Fleetway Travel Limited Health Check

Pomanda's financial health check has awarded Fleetway Travel Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £38.4m, make it larger than the average company (£10.1m)

£38.4m - Fleetway Travel Limited

£10.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (4.6%)

-6% - Fleetway Travel Limited

4.6% - Industry AVG

production

Production

with a gross margin of 20.5%, this company has a comparable cost of product (19.2%)

20.5% - Fleetway Travel Limited

19.2% - Industry AVG

profitability

Profitability

an operating margin of 1.3% make it less profitable than the average company (2.6%)

1.3% - Fleetway Travel Limited

2.6% - Industry AVG

employees

Employees

with 94 employees, this is above the industry average (43)

94 - Fleetway Travel Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.5k, the company has an equivalent pay structure (£33.9k)

£31.5k - Fleetway Travel Limited

£33.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £409k, this is more efficient (£292.7k)

£409k - Fleetway Travel Limited

£292.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 19 days, this is earlier than average (24 days)

19 days - Fleetway Travel Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 82 days, this is slower than average (32 days)

82 days - Fleetway Travel Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fleetway Travel Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (29 weeks)

37 weeks - Fleetway Travel Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 53.4%, this is a lower level of debt than the average (69.5%)

53.4% - Fleetway Travel Limited

69.5% - Industry AVG

FLEETWAY TRAVEL LIMITED financials

EXPORTms excel logo

Fleetway Travel Limited's latest turnover from October 2018 is £38.4 million and the company has net assets of £7.9 million. According to their latest financial statements, Fleetway Travel Limited has 94 employees and maintains cash reserves of £6.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover38,443,36046,771,44449,651,70945,935,54439,832,96832,976,34436,683,79040,646,84540,904,66935,003,906
Other Income Or Grants0000000000
Cost Of Sales30,577,86737,355,74940,655,69237,852,70433,260,21228,537,22132,059,38835,934,31435,914,50430,449,703
Gross Profit7,865,4939,415,6958,996,0178,082,8406,572,7564,439,1234,624,4024,712,5314,990,1654,554,203
Admin Expenses7,379,2888,276,9967,323,2725,306,7214,089,6883,417,2043,394,2463,479,0833,589,3113,577,305
Operating Profit486,2051,138,6991,672,7452,776,1192,483,0681,021,9191,230,1561,233,4481,400,854976,898
Interest Payable15,3510000043,22200
Interest Receivable51,2952,32518,32420,95212,66515,78625,68521,90222,56946,797
Pre-Tax Profit477,4781,141,0241,691,0692,535,8022,495,7331,037,7051,255,8371,252,1281,423,4231,024,766
Tax-5,568-107,617-146,569-443,640-548,337-242,816-270,931-352,315-388,575-276,492
Profit After Tax471,9101,033,4071,544,5002,092,1621,947,396794,889984,906899,8131,034,848748,274
Dividends Paid00001,000,0001,000,0001,000,0001,000,000500,0001,000,000
Retained Profit471,9101,033,4071,544,5002,092,162947,396-205,111-15,094-100,187534,848-251,726
Employee Costs2,962,2443,456,5143,273,6792,667,1032,202,4001,847,1821,868,0141,994,8072,020,7142,010,422
Number Of Employees94998979716971777579
EBITDA*576,3311,277,0991,790,4292,882,8782,578,2431,089,1491,289,2841,291,3511,440,7921,013,203

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets260,994174,353196,229181,585276,537259,834251,391250,805205,975171,104
Intangible Assets1,970,4161,237,667490,770109,416000000
Investments & Other0000000000
Debtors (Due After 1 year)0000000000
Total Fixed Assets2,231,4101,412,020686,999291,001276,537259,834251,391250,805205,975171,104
Stock & work in progress0000000000
Trade Debtors2,022,4191,656,9362,697,2382,776,5282,802,1161,908,7391,535,207925,627705,167591,937
Group Debtors04,930,8113,260,1670000000
Misc Debtors0548,759567,070239,936247,995180,306223,428140,061269,804263,307
Cash6,285,5997,393,0019,551,4269,831,5956,724,8334,223,5663,644,1244,335,3804,966,3643,923,834
misc current assets0000000000
total current assets14,685,41614,529,50716,075,90112,848,0599,774,9446,312,6115,402,7595,401,0685,941,3354,779,078
total assets16,916,82615,941,52716,762,90013,139,06010,051,4816,572,4455,654,1505,651,8736,147,3104,950,182
Bank overdraft0000000000
Bank loan0000000000
Trade Creditors 6,918,0648,176,4589,910,6597,971,5916,783,1574,505,8433,287,3813,140,2973,443,3602,740,182
Group/Directors Accounts00010,7200000201201
other short term finances525,566000000000
hp & lease commitments0000000000
other current liabilities0284,685414,438268,822479,212232,857334,286430,741567,364224,393
total current liabilities8,824,8488,461,14310,325,0978,251,1337,262,3694,738,7003,621,6673,571,0384,010,9252,964,776
loans0000000000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions070,11560,94155,56548,91240,94134,56867,82626,69519,915
total long term liabilities209,79970,11560,94155,56548,91240,94134,56867,82626,69519,915
total liabilities9,034,6478,531,25810,386,0388,306,6987,311,2814,779,6413,656,2353,638,8644,037,6202,984,691
net assets7,882,1797,410,2696,376,8624,832,3622,740,2001,792,8041,997,9152,013,0092,109,6901,965,491
total shareholders funds7,882,1797,410,2696,376,8624,832,3622,740,2001,792,8041,997,9152,013,0092,109,6901,965,491
Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit486,2051,138,6991,672,7452,776,1192,483,0681,021,9191,230,1561,233,4481,400,854976,898
Depreciation90,12667,75662,28755,66295,17567,23059,12857,90339,93836,305
Amortisation070,64455,39751,097000000
Tax-5,568-107,617-146,569-443,640-548,337-242,816-270,931-352,315-388,575-276,492
Stock0000000000
Debtors-5,114,087612,0313,508,011-33,647961,066330,410692,94790,717119,727855,244
Creditors-1,258,394-1,734,2011,939,0681,188,4342,277,3141,218,462147,084-303,063703,1782,740,182
Accruals and Deferred Income-284,685-129,753145,616-210,390246,355-101,429-96,455-136,623342,971224,393
Deferred Taxes & Provisions-70,1159,1745,3766,6537,9716,373-33,25841,1316,78019,915
Cash flow from operations4,071,656-1,297,329225,9093,457,5823,600,4801,639,329342,777449,7641,985,4192,865,957
Investing Activities
capital expenditure-909,516-863,421-513,682-120,692-111,878-75,673-56,057-102,733-109,642-47,082
Change in Investments0000000000
cash flow from investments-909,516-863,421-513,682-120,692-111,878-75,673-56,057-102,733-109,642-47,082
Financing Activities
Bank loans0000000000
Group/Directors Accounts00-10,72010,720000-2010201
Other Short Term Loans 525,566000000000
Long term loans0000000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue00000003,506-390,6492,217,217
interest35,9442,32518,32420,95212,66515,78625,68118,68022,56946,797
cash flow from financing561,5102,3257,60431,67212,66515,78625,68121,985-368,0802,264,215
cash and cash equivalents
cash-1,107,402-2,158,425-280,1693,106,7622,501,267579,442-691,256-630,9841,042,5303,923,834
overdraft0000000000
change in cash-1,107,402-2,158,425-280,1693,106,7622,501,267579,442-691,256-630,9841,042,5303,923,834

fleetway travel limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fleetway Travel Limited Competitor Analysis

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Perform a competitor analysis for fleetway travel limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in LS1 area or any other competitors across 12 key performance metrics.

fleetway travel limited Ownership

FLEETWAY TRAVEL LIMITED group structure

Fleetway Travel Limited has 1 subsidiary company.

Ultimate parent company

2 parents

FLEETWAY TRAVEL LIMITED

02157381

1 subsidiary

FLEETWAY TRAVEL LIMITED Shareholders

delta bidco limited 100%

fleetway travel limited directors

Fleetway Travel Limited currently has 2 directors. The longest serving directors include Mr Benjamin Braude (Aug 2006) and Mr Stuart Jackson (Nov 2016).

officercountryagestartendrole
Mr Benjamin BraudeEngland46 years Aug 2006- Director
Mr Stuart JacksonEngland59 years Nov 2016- Director

P&L

October 2018

turnover

38.4m

-18%

operating profit

486.2k

-57%

gross margin

20.5%

+1.63%

turnover

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

Balance Sheet

October 2018

net assets

7.9m

+0.06%

total assets

16.9m

+0.06%

cash

6.3m

-0.15%

net assets

Total assets minus all liabilities

fleetway travel limited company details

company number

02157381

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

August 1987

age

38

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

October 2018

previous names

fleetway travel plc (June 2015)

fleetway limited (March 1992)

accountant

-

auditor

RSM UK AUDIT LLP

address

pricewaterhouse coopers llp, 8th floor, central square, leeds, LS1 4DL

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

fleetway travel 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 40 charges/mortgages relating to fleetway travel limited. Currently there are 2 open charges and 38 have been satisfied in the past.

fleetway travel limited Capital Raised & Share Issues BETA

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 FLEETWAY TRAVEL LIMITED. This can take several minutes, an email will notify you when this has completed.

fleetway travel limited Companies House Filings - See Documents

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