New Horizons Travels & Tours Limited

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new horizons travels & tours limited Company Information

Live

MatureMicroDeclining

Company Number

03563875

Next Accounts

Sep 2025

Industry

Travel agency activities

Directors

Mi Raschke

Frank Raschke

View All

Shareholders

mimi tin tun raschke

Group Structure

View All

Contact

Registered Address

50 burrard road, west hampstead, london, NW6 1DD

Website

www.newhorizonstravels.com

new horizons travels & tours limited Estimated Valuation

£42.9k

Pomanda estimates the enterprise value of NEW HORIZONS TRAVELS & TOURS LIMITED at £42.9k based on a Turnover of £81.1k and 0.53x industry multiple (adjusted for size and gross margin).

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New Horizons Travels & Tours Limited is a live company located in london, NW6 1DD with a Companies House number of 03563875. It operates in the travel agency activities sector, SIC Code 79110. Founded in May 1998, it's largest shareholder is mimi tin tun raschke with a 100% stake. New Horizons Travels & Tours Limited is a mature, micro sized company, Pomanda has estimated its turnover at £81.1k with declining growth in recent years.

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Pomanda's financial health check has awarded New Horizons Travels & Tours Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £81.1k, make it smaller than the average company (£14.6m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (18.7%)

EXPORT

New Horizons Travels & Tours Limited's latest turnover from December 2023 is estimated at £81.1 thousand and the company has net assets of £9 thousand. According to their latest financial statements, New Horizons Travels & Tours Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	81,146	38,948	36,081	115,374	179,796	192,182	256,537	374,607	252,810	351,571	397,723	302,064	221,334	52,487	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	71,341	34,267	31,715	102,366	158,001	170,806	228,379	334,958	227,371	318,964	361,944	274,482	201,173	47,516	0
Gross Profit	9,805	4,681	4,366	13,008	21,795	21,376	28,157	39,649	25,438	32,607	35,779	27,582	20,162	4,971	0
Admin Expenses	10,703	6,280	5,068	17,214	21,447	16,761	29,577	41,922	22,715	16,716	-6,968	17,612	56,561	-2,162	9,149
Operating Profit	-898	-1,599	-702	-4,206	348	4,615	-1,420	-2,273	2,723	15,891	42,747	9,970	-36,399	7,133	-9,149
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	72	293	342	284	213	167	85	40
Pre-Tax Profit	-898	-1,599	-702	-4,206	348	4,615	-1,420	-2,201	3,016	16,233	43,031	10,183	-36,232	7,218	-9,109
Tax	0	0	0	0	-66	-877	0	0	-603	-3,409	-9,897	-2,444	0	-2,021	0
Profit After Tax	-898	-1,599	-702	-4,206	282	3,738	-1,420	-2,201	2,413	12,824	33,134	7,739	-36,232	5,197	-9,109
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-898	-1,599	-702	-4,206	282	3,738	-1,420	-2,201	2,413	12,824	33,134	7,739	-36,232	5,197	-9,109
Employee Costs	42,031	38,869	33,875	34,858	35,000	33,141	32,903	31,695	30,730	29,753	28,816	29,070	28,805	28,372	0
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	1	0
EBITDA*	-898	-1,599	-702	-4,206	348	4,615	-1,420	-2,273	2,914	16,113	43,044	10,236	-36,307	7,883	-8,344

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	228	304	406	542	723	964	665	428	571	666	888	799	276	175	691
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	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	0	0	0	0	0
Total Fixed Assets	228	304	406	542	723	964	665	428	571	666	888	799	276	175	691
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	31,220	31,333	39,101	66,706	95,555	77,507	88,856	106,283	40,766	56,925	59,177	33,791	8,633	849	327
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	3,966	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	57,446	59,780	76,951	36,551	48,519	18,092	16,095
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	31,220	31,333	39,101	66,706	99,521	77,507	88,856	106,283	98,212	116,705	136,128	70,342	57,152	18,941	16,422
total assets	31,448	31,637	39,507	67,248	100,244	78,471	89,521	106,711	98,783	117,371	137,016	71,141	57,428	19,116	17,113
Bank overdraft	0	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	0
Trade Creditors	21,025	20,529	27,285	52,485	75,715	58,761	73,562	87,197	82,815	103,816	136,285	103,544	97,570	23,026	26,220
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	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	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	21,025	20,529	27,285	52,485	75,715	58,761	73,562	87,197	82,815	103,816	136,285	103,544	97,570	23,026	26,220
loans	0	0	0	0	0	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	0
Accruals and Deferred Income	1,463	1,250	765	2,604	8,164	3,627	3,614	5,749	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,463	1,250	765	2,604	8,164	3,627	3,614	5,749	0	0	0	0	0	0	0
total liabilities	22,488	21,779	28,050	55,089	83,879	62,388	77,176	92,946	82,815	103,816	136,285	103,544	97,570	23,026	26,220
net assets	8,960	9,858	11,457	12,159	16,365	16,083	12,345	13,765	15,968	13,555	731	-32,403	-40,142	-3,910	-9,107
total shareholders funds	8,960	9,858	11,457	12,159	16,365	16,083	12,345	13,765	15,968	13,555	731	-32,403	-40,142	-3,910	-9,107

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-898	-1,599	-702	-4,206	348	4,615	-1,420	-2,273	2,723	15,891	42,747	9,970	-36,399	7,133	-9,149
Depreciation	0	0	0	0	0	0	0	0	191	222	297	266	92	750	805
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-66	-877	0	0	-603	-3,409	-9,897	-2,444	0	-2,021	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-113	-7,768	-27,605	-32,815	22,014	-11,349	-17,427	65,517	-16,159	-2,252	25,386	25,158	7,784	522	327
Creditors	496	-6,756	-25,200	-23,230	16,954	-14,801	-13,635	4,382	-21,001	-32,469	32,741	5,974	74,544	-3,194	26,220
Accruals and Deferred Income	213	485	-1,839	-5,560	4,537	13	-2,135	5,749	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-76	-102	-136	-181	-241	299	237	-57,659	-2,531	-17,513	40,502	-11,392	30,453	2,146	17,549
Investing Activities
capital expenditure	76	102	136	181	241	-299	-237	143	-96	0	-386	-789	-193	-234	-1,496
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	76	102	136	181	241	-299	-237	143	-96	0	-386	-789	-193	-234	-1,496
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	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	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-2	0	0	0	0	0	0	2
interest	0	0	0	0	0	0	0	72	293	342	284	213	167	85	40
cash flow from financing	0	0	0	0	0	0	0	70	293	342	284	213	167	85	42
cash and cash equivalents
cash	0	0	0	0	0	0	0	-57,446	-2,334	-17,171	40,400	-11,968	30,427	1,997	16,095
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-57,446	-2,334	-17,171	40,400	-11,968	30,427	1,997	16,095

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for new horizons travels & tours limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in NW6 area or any other competitors across 12 key performance metrics.

NEW HORIZONS TRAVELS & TOURS LIMITED group structure

New Horizons Travels & Tours Limited has no subsidiary companies.

Ultimate parent company

NEW HORIZONS TRAVELS & TOURS LIMITED

03563875

NEW HORIZONS TRAVELS & TOURS LIMITED Shareholders

mimi tin tun raschke

100%

New Horizons Travels & Tours Limited currently has 3 directors. The longest serving directors include Mi Raschke (May 1998) and Mr Frank Raschke (Sep 2014).

officer	country	age	start	end	role
Mi Raschke		60 years	May 1998	-	Director
Mr Frank Raschke	United Kingdom	63 years	Sep 2014	-	Director
Mr Lucas Raschke		29 years	May 2022	-	Director

P&L

December 2023

turnover

81.1k

+108%

operating profit

-898

gross margin

12.1%

+0.53%

turnover

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

Balance Sheet

December 2023

net assets

-0.09%

total assets

31.4k

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

03563875

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

May 1998

ultimate parent company

None

previous names

burma expeditions limited (August 2001)

address

50 burrard road, west hampstead, london, NW6 1DD

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new horizons travels & tours limited Company Information

new horizons travels & tours limited Estimated Valuation

new horizons travels & tours limited Estimated Valuation

new horizons travels & tours limited Estimated Valuation

New Horizons Travels & Tours Limited Overview

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NEW HORIZONS TRAVELS & TOURS LIMITED financials

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new horizons travels & tours limited Ownership

new horizons travels & tours limited directors

new horizons travels & tours limited company details

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