fleetway travel limited Company Information
Company Number
02157381
Next Accounts
1577 days late
Shareholders
delta bidco limited
Group Structure
View All
Industry
Travel agency activities
Registered Address
pricewaterhouse coopers llp, 8th floor, central square, leeds, LS1 4DL
Website
www.fleetwaytravel.comfleetway travel limited Estimated Valuation
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
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
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).
Edit your figures and get a professional valuation report.
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
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7 Strong
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2 Regular
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2 Weak
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Size
annual sales of £38.4m, make it larger than the average company (£10.1m)
£38.4m - Fleetway Travel Limited
£10.1m - Industry AVG
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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
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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
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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
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Employees
with 94 employees, this is above the industry average (43)
94 - Fleetway Travel Limited
43 - Industry AVG
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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
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Efficiency
resulting in sales per employee of £409k, this is more efficient (£292.7k)
£409k - Fleetway Travel Limited
£292.7k - Industry AVG
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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
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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
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fleetway Travel Limited
- - Industry AVG
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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
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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
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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 House, Pomanda Estimates
Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|
Turnover | 38,443,360 | 46,771,444 | 49,651,709 | 45,935,544 | 39,832,968 | 32,976,344 | 36,683,790 | 40,646,845 | 40,904,669 | 35,003,906 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 30,577,867 | 37,355,749 | 40,655,692 | 37,852,704 | 33,260,212 | 28,537,221 | 32,059,388 | 35,934,314 | 35,914,504 | 30,449,703 |
Gross Profit | 7,865,493 | 9,415,695 | 8,996,017 | 8,082,840 | 6,572,756 | 4,439,123 | 4,624,402 | 4,712,531 | 4,990,165 | 4,554,203 |
Admin Expenses | 7,379,288 | 8,276,996 | 7,323,272 | 5,306,721 | 4,089,688 | 3,417,204 | 3,394,246 | 3,479,083 | 3,589,311 | 3,577,305 |
Operating Profit | 486,205 | 1,138,699 | 1,672,745 | 2,776,119 | 2,483,068 | 1,021,919 | 1,230,156 | 1,233,448 | 1,400,854 | 976,898 |
Interest Payable | 15,351 | 0 | 0 | 0 | 0 | 0 | 4 | 3,222 | ||
Interest Receivable | 2,325 | 18,324 | 20,952 | 12,665 | 15,786 | 25,685 | 21,902 | 22,569 | 46,797 | |
Pre-Tax Profit | 477,478 | 1,141,024 | 1,691,069 | 2,535,802 | 2,495,733 | 1,037,705 | 1,255,837 | 1,252,128 | 1,423,423 | 1,024,766 |
Tax | -5,568 | -107,617 | -146,569 | -443,640 | -548,337 | -242,816 | -270,931 | -352,315 | -388,575 | -276,492 |
Profit After Tax | 471,910 | 1,033,407 | 1,544,500 | 2,092,162 | 1,947,396 | 794,889 | 984,906 | 899,813 | 1,034,848 | 748,274 |
Dividends Paid | 0 | 0 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 500,000 | 1,000,000 |
Retained Profit | 471,910 | 1,033,407 | 1,544,500 | 2,092,162 | 947,396 | -205,111 | -15,094 | -100,187 | 534,848 | -251,726 |
Employee Costs | 2,962,244 | 3,456,514 | 3,273,679 | 2,667,103 | 2,202,400 | 1,847,182 | 1,868,014 | 1,994,807 | 2,020,714 | 2,010,422 |
Number Of Employees | 94 | 99 | 89 | 79 | 71 | 69 | 71 | 77 | 75 | 79 |
EBITDA* | 576,331 | 1,277,099 | 1,790,429 | 2,882,878 | 2,578,243 | 1,089,149 | 1,289,284 | 1,291,351 | 1,440,792 | 1,013,203 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 260,994 | 174,353 | 196,229 | 181,585 | 276,537 | 259,834 | 251,391 | 250,805 | 205,975 | 171,104 |
Intangible Assets | 1,970,416 | 1,237,667 | 490,770 | 109,416 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 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 |
Total Fixed Assets | 2,231,410 | 1,412,020 | 686,999 | 291,001 | 276,537 | 259,834 | 251,391 | 250,805 | 205,975 | 171,104 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 2,022,419 | 1,656,936 | 2,697,238 | 2,776,528 | 2,802,116 | 1,908,739 | 1,535,207 | 925,627 | 705,167 | 591,937 |
Group Debtors | 0 | 4,930,811 | 3,260,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 548,759 | 567,070 | 239,936 | 247,995 | 180,306 | 223,428 | 140,061 | 269,804 | 263,307 |
Cash | 6,285,599 | 7,393,001 | 9,551,426 | 9,831,595 | 6,724,833 | 4,223,566 | 3,644,124 | 4,335,380 | 4,966,364 | 3,923,834 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 14,685,416 | 14,529,507 | 16,075,901 | 12,848,059 | 9,774,944 | 6,312,611 | 5,402,759 | 5,401,068 | 5,941,335 | 4,779,078 |
total assets | 16,916,826 | 15,941,527 | 16,762,900 | 13,139,060 | 10,051,481 | 6,572,445 | 5,654,150 | 5,651,873 | 6,147,310 | 4,950,182 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 6,918,064 | 8,176,458 | 9,910,659 | 7,971,591 | 6,783,157 | 4,505,843 | 3,287,381 | 3,140,297 | 3,443,360 | 2,740,182 |
Group/Directors Accounts | 0 | 0 | 0 | 10,720 | 0 | 0 | 0 | 0 | 201 | 201 |
other short term finances | 525,566 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 284,685 | 414,438 | 268,822 | 479,212 | 232,857 | 334,286 | 430,741 | 567,364 | 224,393 |
total current liabilities | 8,824,848 | 8,461,143 | 10,325,097 | 8,251,133 | 7,262,369 | 4,738,700 | 3,621,667 | 3,571,038 | 4,010,925 | 2,964,776 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 70,115 | 60,941 | 55,565 | 48,912 | 40,941 | 34,568 | 67,826 | 26,695 | 19,915 |
total long term liabilities | 209,799 | 70,115 | 60,941 | 55,565 | 48,912 | 40,941 | 34,568 | 67,826 | 26,695 | 19,915 |
total liabilities | 9,034,647 | 8,531,258 | 10,386,038 | 8,306,698 | 7,311,281 | 4,779,641 | 3,656,235 | 3,638,864 | 4,037,620 | 2,984,691 |
net assets | 7,882,179 | 7,410,269 | 6,376,862 | 4,832,362 | 2,740,200 | 1,792,804 | 1,997,915 | 2,013,009 | 2,109,690 | 1,965,491 |
total shareholders funds | 7,882,179 | 7,410,269 | 6,376,862 | 4,832,362 | 2,740,200 | 1,792,804 | 1,997,915 | 2,013,009 | 2,109,690 | 1,965,491 |
Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | 486,205 | 1,138,699 | 1,672,745 | 2,776,119 | 2,483,068 | 1,021,919 | 1,230,156 | 1,233,448 | 1,400,854 | 976,898 |
Depreciation | 90,126 | 67,756 | 62,287 | 55,662 | 95,175 | 67,230 | 59,128 | 57,903 | 39,938 | 36,305 |
Amortisation | 70,644 | 55,397 | 51,097 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | -5,568 | -107,617 | -146,569 | -443,640 | -548,337 | -242,816 | -270,931 | -352,315 | -388,575 | -276,492 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -5,114,087 | 612,031 | 3,508,011 | -33,647 | 961,066 | 330,410 | 692,947 | 90,717 | 119,727 | 855,244 |
Creditors | -1,258,394 | -1,734,201 | 1,939,068 | 1,188,434 | 2,277,314 | 1,218,462 | 147,084 | -303,063 | 703,178 | 2,740,182 |
Accruals and Deferred Income | -284,685 | -129,753 | 145,616 | -210,390 | 246,355 | -101,429 | -96,455 | -136,623 | 342,971 | 224,393 |
Deferred Taxes & Provisions | -70,115 | 9,174 | 5,376 | 6,653 | 7,971 | 6,373 | -33,258 | 41,131 | 6,780 | 19,915 |
Cash flow from operations | -1,297,329 | 225,909 | 3,457,582 | 3,600,480 | 1,639,329 | 342,777 | 449,764 | 1,985,419 | 2,865,957 | |
Investing Activities | ||||||||||
capital expenditure | -863,421 | -513,682 | -120,692 | -111,878 | -75,673 | -56,057 | -102,733 | -109,642 | -47,082 | |
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | -863,421 | -513,682 | -120,692 | -111,878 | -75,673 | -56,057 | -102,733 | -109,642 | -47,082 | |
Financing Activities | ||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | -10,720 | 10,720 | 0 | 0 | 0 | -201 | 0 | 201 |
Other Short Term Loans | 525,566 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||
interest | 2,325 | 18,324 | 20,952 | 12,665 | 15,786 | 25,681 | 18,680 | |||
cash flow from financing | 2,325 | 7,604 | 31,672 | 12,665 | 15,786 | 25,681 | 21,985 | |||
cash and cash equivalents | ||||||||||
cash | -1,107,402 | -2,158,425 | -280,169 | 3,106,762 | 2,501,267 | 579,442 | -691,256 | -630,984 | 1,042,530 | 3,923,834 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -1,107,402 | -2,158,425 | -280,169 | 3,106,762 | 2,501,267 | 579,442 | -691,256 | -630,984 | 1,042,530 | 3,923,834 |
fleetway travel limited Credit Report and Business Information
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 directors
Fleetway Travel Limited currently has 2 directors. The longest serving directors include Mr Benjamin Braude (Aug 2006) and Mr Stuart Jackson (Nov 2016).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Benjamin Braude | England | 46 years | Aug 2006 | - | Director |
Mr Stuart Jackson | England | 59 years | Nov 2016 | - | Director |
P&L
October 2018turnover
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 2018net 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
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fleetway travel limited Companies House Filings - See Documents
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