colchester travel ltd

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colchester travel ltd Company Information

Share COLCHESTER TRAVEL LTD

Company Number

02496140

Directors

John Bennett

Edna Bennett

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Shareholders

mr john graham bennett

mrs edna marion bennett

Group Structure

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Industry

Travel agency activities

 

Registered Address

39 crouch street, colchester, essex, CO3 3EN

colchester travel ltd Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of COLCHESTER TRAVEL LTD at £3.3m based on a Turnover of £4m and 0.84x industry multiple (adjusted for size and gross margin).

colchester travel ltd Estimated Valuation

£264k

Pomanda estimates the enterprise value of COLCHESTER TRAVEL LTD at £264k based on an EBITDA of £64.6k and a 4.09x industry multiple (adjusted for size and gross margin).

colchester travel ltd Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of COLCHESTER TRAVEL LTD at £3.1m based on Net Assets of £1.4m and 2.27x industry multiple (adjusted for liquidity).

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Colchester Travel Ltd Overview

Colchester Travel Ltd is a live company located in essex, CO3 3EN with a Companies House number of 02496140. It operates in the travel agency activities sector, SIC Code 79110. Founded in April 1990, it's largest shareholder is mr john graham bennett with a 50% stake. Colchester Travel Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4m with rapid growth in recent years.

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Colchester Travel Ltd Health Check

Pomanda's financial health check has awarded Colchester Travel Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £4m, make it smaller than the average company (£13.1m)

£4m - Colchester Travel Ltd

£13.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 55%, show it is growing at a faster rate (40.7%)

55% - Colchester Travel Ltd

40.7% - Industry AVG

production

Production

with a gross margin of 24.1%, this company has a comparable cost of product (24.1%)

24.1% - Colchester Travel Ltd

24.1% - Industry AVG

profitability

Profitability

an operating margin of 1.6% make it less profitable than the average company (4.5%)

1.6% - Colchester Travel Ltd

4.5% - Industry AVG

employees

Employees

with 15 employees, this is below the industry average (35)

15 - Colchester Travel Ltd

35 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)

£43.8k - Colchester Travel Ltd

£43.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £263.7k, this is less efficient (£313k)

£263.7k - Colchester Travel Ltd

£313k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (24 days)

0 days - Colchester Travel Ltd

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 84 days, this is slower than average (28 days)

84 days - Colchester Travel Ltd

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Colchester Travel Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 116 weeks, this is more cash available to meet short term requirements (27 weeks)

116 weeks - Colchester Travel Ltd

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 38.9%, this is a lower level of debt than the average (77.7%)

38.9% - Colchester Travel Ltd

77.7% - Industry AVG

COLCHESTER TRAVEL LTD financials

EXPORTms excel logo

Colchester Travel Ltd's latest turnover from April 2024 is estimated at £4 million and the company has net assets of £1.4 million. According to their latest financial statements, Colchester Travel Ltd has 15 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover3,954,7812,996,874862,2591,056,6063,153,7294,099,5832,805,9753,222,7833,253,7214,616,9072,827,9644,845,7942,927,4212,519,9552,688,049
Other Income Or Grants000000000000000
Cost Of Sales3,000,9352,285,049642,552823,2802,475,7273,301,2332,248,0802,646,2532,711,4353,823,6472,368,2144,071,6692,476,2052,138,6972,349,984
Gross Profit953,846711,825219,707233,326678,002798,350557,894576,530542,286793,260459,750774,125451,216381,258338,065
Admin Expenses890,617412,757182,256349,705779,406734,247397,285398,485312,970645,090389,890660,472440,364375,861119,443
Operating Profit63,229299,06837,451-116,379-101,40464,103160,609178,045229,316148,17069,860113,65310,8525,397218,622
Interest Payable8,62517,76713,2756,1000000000001,3001,300
Interest Receivable104,70178,0019,7981,0201,21010,1386,4832,9884,8383,3722,3261,9131,7321,502649
Pre-Tax Profit159,305359,30333,974-121,459-100,19474,241167,093181,033234,154151,54372,186115,56612,5845,599217,971
Tax-39,826-89,826-6,45500-14,106-31,748-34,396-46,831-30,308-15,159-26,580-3,020-1,456-61,032
Profit After Tax119,479269,47727,519-121,459-100,19460,135135,345146,637187,323121,23457,02788,9869,5644,143156,939
Dividends Paid000000000000000
Retained Profit119,479269,47727,519-121,459-100,19460,135135,345146,637187,323121,23457,02788,9869,5644,143156,939
Employee Costs657,159502,191372,944467,782923,619850,056372,372378,857378,668564,585318,071506,483306,876254,095293,856
Number Of Employees15121114262511121219111811911
EBITDA*64,558310,79050,498-103,871-80,48788,750190,353206,084258,148171,68982,975123,99624,00625,407229,378

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets277,122275,787278,209278,927290,357293,51231,77849,51239,02833,91016,54924,319227,802236,601239,296
Intangible Assets02679,56718,86728,16737,46746,76756,06765,36774,66700007,625
Investments & Other000000275,000300,228225,230225,230225,230225,230230230230
Debtors (Due After 1 year)000000000000000
Total Fixed Assets277,122276,054287,776297,794318,524330,979353,545405,807329,625333,807241,779249,549228,032236,831247,151
Stock & work in progress000000000000000
Trade Debtors8,98812,88648014,61419,34030,46924,30340,534166,958107,741269,238137,449144,210147,494
Group Debtors000000000000000
Misc Debtors17,10916,36511,74040,78569,82368,35977,83971,729108,294000000
Cash1,912,4462,076,1641,594,4631,018,3921,021,7861,397,8001,305,7171,287,6781,102,593832,479516,359413,927351,449341,322259,433
misc current assets000000000000000
total current assets1,938,5432,105,4151,606,2511,059,1771,106,2231,485,4991,414,0251,383,7101,251,421999,437624,100683,165488,898485,532406,927
total assets2,215,6652,381,4691,894,0271,356,9711,424,7471,816,4781,767,5701,789,5171,581,0461,333,244865,879932,714716,930722,363654,078
Bank overdraft040,00040,000000000000000
Bank loan000000000000000
Trade Creditors 693,703821,071640,279154,643239,257522,154517,841610,607592,242702,437355,732478,701336,913310,988287,030
Group/Directors Accounts000000021,2630000040,0000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities156,319160,90183,72855,844117,547126,480145,513181,976169,725000000
total current liabilities850,0221,021,972764,007210,487356,804648,634663,354813,846761,967702,437355,732478,701336,913350,988287,030
loans0113,333153,333200,000000000000040,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000000000040,00040,0000
provisions11,18411,18411,1848,5008,5008,2074,71411,5141,5596101,1842,0772,0672,9892,805
total long term liabilities11,184124,517164,517208,5008,5008,2074,71411,5141,5596101,1842,07742,06742,98942,805
total liabilities861,2061,146,489928,524418,987365,304656,841668,068825,360763,526703,047356,916480,778378,980393,977329,835
net assets1,354,4591,234,980965,503937,9841,059,4431,159,6371,099,502964,157817,520630,197508,963451,936337,950328,386324,243
total shareholders funds1,354,4591,234,980965,503937,9841,059,4431,159,6371,099,502964,157817,520630,197508,963451,936337,950328,386324,243
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit63,229299,06837,451-116,379-101,40464,103160,609178,045229,316148,17069,860113,65310,8525,397218,622
Depreciation1,0622,4223,7473,20811,61715,34720,44418,73919,53218,18613,11510,34313,15412,38510,756
Amortisation2679,3009,3009,3009,3009,3009,3009,3009,3005,3330007,6250
Tax-39,826-89,826-6,45500-14,106-31,748-34,396-46,831-30,308-15,159-26,580-3,020-1,456-61,032
Stock000000000000000
Debtors-3,15417,463-28,997-43,652-3,262-20,60912,276-52,796-18,13059,217-161,497131,789-6,761-3,284147,494
Creditors-127,368180,792485,636-84,614-282,8974,313-92,76618,365-110,195346,705-122,969141,78825,92523,958287,030
Accruals and Deferred Income-4,58277,17327,884-61,703-8,933-19,033-36,46312,251169,725000000
Deferred Taxes & Provisions002,68402933,493-6,8009,955949-574-89310-9221842,805
Cash flow from operations-104,064461,466589,244-206,536-368,76284,02610,300265,055289,926428,295105,451107,42552,75051,377310,687
Investing Activities
capital expenditure-2,3970-3,0298,222-8,462-277,081-2,710-29,223-24,650-115,547-5,345193,140-4,355-9,690-257,677
Change in Investments00000-275,000-25,22874,998000225,00000230
cash flow from investments-2,3970-3,0298,222-8,462-2,08122,518-104,221-24,650-115,547-5,345-31,860-4,355-9,690-257,907
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000-21,26321,2630000-40,00040,0000
Other Short Term Loans 000000000000000
Long term loans-113,333-40,000-46,667200,000000000000-40,00040,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities00000000000-40,000040,0000
share issue0000000000025,00000167,304
interest96,07660,234-3,477-5,0801,21010,1386,4832,9884,8383,3722,3261,9131,732202-651
cash flow from financing-17,25720,234-50,144194,9201,21010,138-14,78024,2514,8383,3722,326-13,087-38,26840,202206,653
cash and cash equivalents
cash-163,718481,701576,071-3,394-376,01492,08318,039185,085270,114316,120102,43262,47810,12781,889259,433
overdraft-40,000040,000000000000000
change in cash-123,718481,701536,071-3,394-376,01492,08318,039185,085270,114316,120102,43262,47810,12781,889259,433

colchester travel ltd 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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Colchester Travel Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for colchester travel ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in CO3 area or any other competitors across 12 key performance metrics.

colchester travel ltd Ownership

COLCHESTER TRAVEL LTD group structure

Colchester Travel Ltd has 1 subsidiary company.

Ultimate parent company

COLCHESTER TRAVEL LTD

02496140

1 subsidiary

COLCHESTER TRAVEL LTD Shareholders

mr john graham bennett 50%
mrs edna marion bennett 50%

colchester travel ltd directors

Colchester Travel Ltd currently has 4 directors. The longest serving directors include Mr John Bennett (Mar 1991) and Mrs Edna Bennett (May 1991).

officercountryagestartendrole
Mr John BennettEngland88 years Mar 1991- Director
Mrs Edna Bennett83 years May 1991- Director
Mr Paul Bennett53 years Jun 2007- Director
Mr Paul Bennett53 years Jun 2007- Director

P&L

April 2024

turnover

4m

+32%

operating profit

63.2k

0%

gross margin

24.2%

+1.54%

turnover

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

Balance Sheet

April 2024

net assets

1.4m

+0.1%

total assets

2.2m

-0.07%

cash

1.9m

-0.08%

net assets

Total assets minus all liabilities

colchester travel ltd company details

company number

02496140

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

April 1990

age

35

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

graham bennett & associates limited (February 1999)

grayson bennett and associates limited (May 1991)

accountant

-

auditor

-

address

39 crouch street, colchester, essex, CO3 3EN

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

colchester travel ltd 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 1 charges/mortgages relating to colchester travel ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

colchester travel ltd 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.

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colchester travel ltd Companies House Filings - See Documents

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