west midlands travel limited

4.5

west midlands travel limited Company Information

Share WEST MIDLANDS TRAVEL LIMITED
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Company Number

02652253

Registered Address

national express house, digbeth, birmingham, B5 6DD

Industry

Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems

 

Telephone

01212547200

Next Accounts Due

September 2024

Group Structure

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Directors

Adam Cook6 Years

Simon Callander0 Years

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Shareholders

national express intermediate holdings ltd 100%

west midlands travel limited Estimated Valuation

£45.8m

Pomanda estimates the enterprise value of WEST MIDLANDS TRAVEL LIMITED at £45.8m based on a Turnover of £185.2m and 0.25x industry multiple (adjusted for size and gross margin).

west midlands travel limited Estimated Valuation

£74m

Pomanda estimates the enterprise value of WEST MIDLANDS TRAVEL LIMITED at £74m based on an EBITDA of £36.4m and a 2.03x industry multiple (adjusted for size and gross margin).

west midlands travel limited Estimated Valuation

£316.4m

Pomanda estimates the enterprise value of WEST MIDLANDS TRAVEL LIMITED at £316.4m based on Net Assets of £129.3m and 2.45x industry multiple (adjusted for liquidity).

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West Midlands Travel Limited Overview

West Midlands Travel Limited is a live company located in birmingham, B5 6DD with a Companies House number of 02652253. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in October 1991, it's largest shareholder is national express intermediate holdings ltd with a 100% stake. West Midlands Travel Limited is a mature, mega sized company, Pomanda has estimated its turnover at £185.2m with declining growth in recent years.

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West Midlands Travel Limited Health Check

Pomanda's financial health check has awarded West Midlands Travel Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £185.2m, make it larger than the average company (£28.2m)

£185.2m - West Midlands Travel Limited

£28.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (-1.9%)

-11% - West Midlands Travel Limited

-1.9% - Industry AVG

production

Production

with a gross margin of 3.6%, this company has a comparable cost of product (3.6%)

3.6% - West Midlands Travel Limited

3.6% - Industry AVG

profitability

Profitability

an operating margin of 8.8% make it more profitable than the average company (1.5%)

8.8% - West Midlands Travel Limited

1.5% - Industry AVG

employees

Employees

with 4614 employees, this is above the industry average (464)

4614 - West Midlands Travel Limited

464 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.7k, the company has an equivalent pay structure (£33k)

£30.7k - West Midlands Travel Limited

£33k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £40.1k, this is less efficient (£57.2k)

£40.1k - West Midlands Travel Limited

£57.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is near the average (8 days)

7 days - West Midlands Travel Limited

8 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is slower than average (8 days)

32 days - West Midlands Travel Limited

8 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is in line with average (4 days)

4 days - West Midlands Travel Limited

4 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (7 weeks)

25 weeks - West Midlands Travel Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 80.5%, this is a higher level of debt than the average (65.9%)

80.5% - West Midlands Travel Limited

65.9% - Industry AVG

west midlands 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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West Midlands Travel Limited Competitor Analysis

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west midlands travel limited Ownership

west midlands travel limited directors

West Midlands Travel Limited currently has 5 directors. The longest serving directors include Mr Adam Cook (Jun 2017) and Mr Simon Callander (Aug 2023).

officercountryagestartendrole
Mr Adam CookEngland52 years Jun 2017- Director
Mr Simon CallanderEngland56 years Aug 2023- Director
Mr Neil McEwanEngland47 years Aug 2023- Director
Mrs Alexandra JensenUnited Kingdom54 years Oct 2023- Director
Mr Neil Miles54 years Oct 2023- Director

WEST MIDLANDS TRAVEL LIMITED financials

EXPORTms excel logo

West Midlands Travel Limited's latest turnover from December 2022 is £185.2 million and the company has net assets of £129.3 million. According to their latest financial statements, West Midlands Travel Limited has 4,614 employees and maintains cash reserves of £30.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover185,235,000139,965,000171,952,000262,925,000264,745,000270,002,000270,631,000270,743,000265,717,000257,438,000253,413,000248,458,000242,777,000242,036,000
Other Income Or Grants00000000000000
Cost Of Sales178,506,063140,054,803156,088,286227,008,451226,193,771227,820,209227,116,309226,923,773222,214,943217,317,044214,027,703207,759,003198,689,1580
Gross Profit6,728,937-89,80315,863,71435,916,54938,551,22942,181,79143,514,69143,819,22743,502,05740,120,95639,385,29740,698,99744,087,8420
Admin Expenses-9,541,063-11,747,80315,289,7147,549,54915,400,22919,097,79112,157,69112,002,22721,922,05716,171,95617,043,29717,017,99726,577,842-15,357,000
Operating Profit16,270,00011,658,000574,00028,367,00023,151,00023,084,00031,357,00031,817,00021,580,00023,949,00022,342,00023,681,00017,510,00015,357,000
Interest Payable2,475,0003,001,0004,483,0005,612,000478,0003,607,00020,864,0002,601,000750,000887,00022,624,0001,638,0001,878,00022,389,000
Interest Receivable66,00067,000049,000070,00016,002,0002,00058,00012,00019,758,000227,000167,00019,020,000
Pre-Tax Profit9,983,0007,010,000-3,909,00032,804,00015,133,00019,547,00028,663,00029,218,00018,802,00035,745,00022,920,00025,210,00022,000,00017,990,000
Tax-856,000-469,0005,562,000-949,000-774,000-2,630,000-2,506,000-4,192,000-3,060,000-6,262,000-4,488,000-5,186,000-1,430,000-3,966,000
Profit After Tax9,127,0006,541,0001,653,00031,855,00014,359,00016,917,00026,157,00025,026,00015,742,00029,483,00018,432,00020,024,00020,570,00014,024,000
Dividends Paid000010,000,00010,000,000003,000,00017,190,00015,000,00015,000,00000
Retained Profit9,127,0006,541,0001,653,00031,855,0004,359,0006,917,00026,157,00025,026,00012,742,00012,293,0003,432,0005,024,00020,570,00014,024,000
Employee Costs141,575,000165,264,000159,506,000163,565,000164,317,000144,918,000142,637,000141,432,000137,774,000133,926,000130,234,000129,029,000127,162,000128,685,000
Number Of Employees4,6144,6945,0524,8974,8994,9634,9954,9615,0134,9904,8774,7734,9735,313
EBITDA*36,429,00033,777,00025,279,00048,301,00038,008,00037,800,00047,047,00046,246,00038,638,00038,580,00038,359,00037,886,00031,606,00029,480,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets178,619,000194,885,000217,924,000231,245,000154,776,000160,008,000153,491,000139,184,000117,670,000116,122,000107,345,000100,509,00094,201,000102,385,000
Intangible Assets2,481,0001,036,000912,0001,219,000373,0002,061,0002,245,0001,422,000725,00061,0000000
Investments & Other369,042,000517,745,00034,709,00028,840,00030,137,00034,602,00031,652,00022,364,00023,610,0008,480,0008,480,0008,480,0008,480,0008,480,000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets550,142,000713,666,000253,545,000261,304,000185,286,000196,671,000187,388,000162,970,000142,005,000124,663,000115,825,000108,989,000102,681,000110,865,000
Stock & work in progress2,395,0002,181,0002,049,0002,218,0002,138,0001,641,0001,972,0002,270,0002,676,0002,914,0002,379,0002,247,0002,279,0002,326,000
Trade Debtors3,618,0005,566,0004,459,00017,891,0009,032,0006,988,0003,023,0002,722,0003,412,0002,255,0001,778,0001,979,0002,232,0001,837,000
Group Debtors4,669,0007,828,0005,206,00012,179,0006,405,0005,134,0005,073,0004,619,0004,759,0004,959,0005,609,0009,644,0005,528,0005,292,000
Misc Debtors70,042,00055,816,00065,196,00028,578,00017,831,00010,684,0007,174,0008,084,0008,373,0007,572,0007,713,0007,022,0008,218,0007,446,000
Cash30,080,00047,024,00034,760,00018,765,00037,695,00016,397,00024,449,00038,712,00033,886,00017,260,00022,888,00035,795,00040,502,00039,176,000
misc current assets194,000229,000000000000000
total current assets110,998,000118,644,000111,670,00079,631,00073,101,00040,844,00041,691,00056,407,00053,106,00034,960,00040,367,00056,687,00058,759,00056,077,000
total assets661,140,000832,310,000365,215,000340,935,000258,387,000237,515,000229,079,000219,377,000195,111,000159,623,000156,192,000165,676,000161,440,000166,942,000
Bank overdraft17,00030,801,00035,036,00000000000000
Bank loan07,276,0006,728,00000000000000
Trade Creditors 15,667,0008,518,00012,028,00018,731,00013,259,00011,559,00011,566,00010,510,0008,335,0006,683,0007,077,0006,879,0005,821,0005,694,000
Group/Directors Accounts3,858,0007,950,00021,567,00014,943,00018,027,00012,407,0003,413,0005,446,0001,107,0003,133,0002,157,0001,027,000890,00013,753,000
other short term finances003,869,00000000000000
hp & lease commitments3,855,0003,934,0003,349,0003,345,0000915,0002,287,0004,659,0004,869,0004,774,0004,566,0004,297,0004,069,0003,854,000
other current liabilities37,748,00039,224,00049,762,00075,128,00063,978,00047,561,00056,945,00066,592,00065,991,00047,101,00047,070,00050,897,00043,803,00021,259,000
total current liabilities61,145,00097,703,000132,339,000112,147,00095,264,00072,442,00074,211,00087,207,00080,302,00061,691,00060,870,00063,100,00054,583,00044,560,000
loans000000795,00017,774,000000000
hp & lease commitments44,287,00046,391,000046,715,00000915,0006,561,00011,219,00015,522,00020,330,00024,957,00029,317,00033,390,000
Accruals and Deferred Income0007,837,0002,574,0002,423,0002,542,00000053,000232,00000
other liabilities19,641,00012,515,00052,856,0000961,000005,275,00019,194,0003,211,0001,704,0000428,0000
provisions19,979,00018,219,0009,780,000107,197,0003,906,0007,398,0004,168,0004,492,0006,253,0009,084,0009,785,00011,951,00011,588,00015,380,000
total long term liabilities470,729,000652,858,000204,236,000161,749,000134,742,000143,624,000136,942,00094,459,00095,834,00067,833,00060,461,00050,866,00043,890,00076,759,000
total liabilities531,874,000750,561,000336,575,000273,896,000230,006,000216,066,000211,153,000181,666,000176,136,000129,524,000121,331,000113,966,00098,473,000121,319,000
net assets129,266,00081,749,00028,640,00067,039,00028,381,00021,449,00017,926,00037,711,00018,975,00030,099,00034,861,00051,710,00062,967,00045,623,000
total shareholders funds129,266,00081,749,00028,640,00067,039,00028,381,00021,449,00017,926,00037,711,00018,975,00030,099,00034,861,00051,710,00062,967,00045,623,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit16,270,00011,658,000574,00028,367,00023,151,00023,084,00031,357,00031,817,00021,580,00023,949,00022,342,00023,681,00017,510,00015,357,000
Depreciation19,926,00021,559,00021,472,00019,744,00014,645,00014,514,00015,690,00014,429,00017,058,00014,631,00016,017,00014,205,00014,096,00014,123,000
Amortisation233,000560,0003,233,000190,000212,000202,00000000000
Tax-856,000-469,0005,562,000-949,000-774,000-2,630,000-2,506,000-4,192,000-3,060,000-6,262,000-4,488,000-5,186,000-1,430,000-3,966,000
Stock214,000132,000-169,00080,000497,000-331,000-298,000-406,000-238,000535,000132,000-32,000-47,0002,326,000
Debtors9,119,000-5,651,00016,213,00025,380,00010,462,0007,536,000-155,000-1,119,0001,758,000-314,000-3,545,0002,667,0001,403,00014,575,000
Creditors7,149,000-3,510,000-6,703,0005,472,0001,700,000-7,0001,056,0002,175,0001,652,000-394,000198,0001,058,000127,0005,694,000
Accruals and Deferred Income-1,476,000-10,538,000-33,203,00016,413,00016,568,000-9,503,000-7,105,000601,00018,890,000-22,000-4,006,0007,326,00022,544,00021,259,000
Deferred Taxes & Provisions1,760,0008,439,000-97,417,000103,291,000-3,492,0003,230,000-324,000-1,761,000-2,831,000-701,000-2,166,000363,000-3,792,00015,380,000
Cash flow from operations33,673,00033,218,000-122,526,000147,068,00041,051,00021,685,00038,621,00044,594,00051,769,00030,980,00031,310,00038,812,00047,699,00050,946,000
Investing Activities
capital expenditure-5,338,000796,000-11,077,000-97,249,000-7,937,000-21,049,000-30,820,000-36,640,000-19,270,000-23,469,000-22,853,000-20,513,000-5,912,000-116,508,000
Change in Investments-148,703,000483,036,0005,869,000-1,297,000-4,465,0002,950,0009,288,000-1,246,00015,130,00000008,480,000
cash flow from investments143,365,000-482,240,000-16,946,000-95,952,000-3,472,000-23,999,000-40,108,000-35,394,000-34,400,000-23,469,000-22,853,000-20,513,000-5,912,000-124,988,000
Financing Activities
Bank loans-7,276,000548,0006,728,00000000000000
Group/Directors Accounts-4,092,000-13,617,0006,624,000-3,084,0005,620,0008,994,000-2,033,0004,339,000-2,026,000976,0001,130,000137,000-12,863,00013,753,000
Other Short Term Loans 0-3,869,0003,869,00000000000000
Long term loans00000-795,000-16,979,00017,774,000000000
Hire Purchase and Lease Commitments-2,183,00046,976,000-46,711,00050,060,000-915,000-2,287,000-8,018,000-4,868,000-4,208,000-4,600,000-4,358,000-4,132,000-3,858,00037,244,000
other long term liabilities7,126,000-40,341,00052,856,000-961,000961,0000-5,275,000-13,919,00015,983,0001,507,0001,704,000-428,000428,0000
share issue38,390,00046,568,000-40,052,0006,803,0002,573,000-3,394,000-45,942,000-6,290,000-23,866,000-17,055,000-20,281,000-16,281,000-3,226,00031,599,000
interest-2,409,000-2,934,000-4,483,000-5,563,000-478,000-3,537,000-4,862,000-2,599,000-692,000-875,000-2,866,000-1,411,000-1,711,000-3,369,000
cash flow from financing29,556,00033,331,000-21,169,00047,255,0007,761,000-1,019,000-83,109,000-5,563,000-14,809,000-20,047,000-24,671,000-22,115,000-21,230,00079,227,000
cash and cash equivalents
cash-16,944,00012,264,00015,995,000-18,930,00021,298,000-8,052,000-14,263,0004,826,00016,626,000-5,628,000-12,907,000-4,707,0001,326,00039,176,000
overdraft-30,784,000-4,235,00035,036,00000000000000
change in cash13,840,00016,499,000-19,041,000-18,930,00021,298,000-8,052,000-14,263,0004,826,00016,626,000-5,628,000-12,907,000-4,707,0001,326,00039,176,000

P&L

December 2022

turnover

185.2m

+32%

operating profit

16.3m

+40%

gross margin

3.7%

-5761.74%

turnover

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

Balance Sheet

December 2022

net assets

129.3m

+0.58%

total assets

661.1m

-0.21%

cash

30.1m

-0.36%

net assets

Total assets minus all liabilities

west midlands travel limited company details

company number

02652253

Type

Private limited with Share Capital

industry

49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems

incorporation date

October 1991

age

33

accounts

Full Accounts

ultimate parent company

previous names

west midlands travel holdings limited (December 1991)

incorporated

UK

address

national express house, digbeth, birmingham, B5 6DD

last accounts submitted

December 2022

west midlands 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 14 charges/mortgages relating to west midlands travel limited. Currently there are 1 open charges and 13 have been satisfied in the past.

charges

west midlands travel limited Companies House Filings - See Documents

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