sunshine cruise holidays limited
sunshine cruise holidays limited Company Information
Company Number
03931005
Next Accounts
Sep 2025
Shareholders
dreamlines gmbh
Group Structure
View All
Industry
Travel agency activities
+1Registered Address
office 515, 5th floor, manchester digital world., salford, M50 3UB
Website
https://www.ski1st.co.uksunshine cruise holidays limited Estimated Valuation
Pomanda estimates the enterprise value of SUNSHINE CRUISE HOLIDAYS LIMITED at £66.4m based on a Turnover of £47.6m and 1.4x industry multiple (adjusted for size and gross margin).
sunshine cruise holidays limited Estimated Valuation
Pomanda estimates the enterprise value of SUNSHINE CRUISE HOLIDAYS LIMITED at £0 based on an EBITDA of £-1.3m and a 6.91x industry multiple (adjusted for size and gross margin).
sunshine cruise holidays limited Estimated Valuation
Pomanda estimates the enterprise value of SUNSHINE CRUISE HOLIDAYS LIMITED at £0 based on Net Assets of £-5.3m and 2.48x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Sunshine Cruise Holidays Limited Overview
Sunshine Cruise Holidays Limited is a live company located in salford, M50 3UB with a Companies House number of 03931005. It operates in the travel agency activities sector, SIC Code 79110. Founded in February 2000, it's largest shareholder is dreamlines gmbh with a 100% stake. Sunshine Cruise Holidays Limited is a mature, large sized company, Pomanda has estimated its turnover at £47.6m with rapid growth in recent years.
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Sunshine Cruise Holidays Limited Health Check
Pomanda's financial health check has awarded Sunshine Cruise Holidays Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £47.6m, make it larger than the average company (£13.9m)
£47.6m - Sunshine Cruise Holidays Limited
£13.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (15.5%)
49% - Sunshine Cruise Holidays Limited
15.5% - Industry AVG
Production
with a gross margin of 12.3%, this company has a higher cost of product (22.8%)
12.3% - Sunshine Cruise Holidays Limited
22.8% - Industry AVG
Profitability
an operating margin of -2.7% make it less profitable than the average company (3.3%)
-2.7% - Sunshine Cruise Holidays Limited
3.3% - Industry AVG
Employees
with 97 employees, this is above the industry average (35)
97 - Sunshine Cruise Holidays Limited
35 - Industry AVG
Pay Structure
on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)
- Sunshine Cruise Holidays Limited
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £490.4k, this is more efficient (£358.3k)
£490.4k - Sunshine Cruise Holidays Limited
£358.3k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (17 days)
94 days - Sunshine Cruise Holidays Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 114 days, this is slower than average (24 days)
114 days - Sunshine Cruise Holidays Limited
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sunshine Cruise Holidays Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (22 weeks)
6 weeks - Sunshine Cruise Holidays Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 114.4%, this is a higher level of debt than the average (79.8%)
114.4% - Sunshine Cruise Holidays Limited
79.8% - Industry AVG
SUNSHINE CRUISE HOLIDAYS LIMITED financials
Sunshine Cruise Holidays Limited's latest turnover from December 2023 is £47.6 million and the company has net assets of -£5.3 million. According to their latest financial statements, Sunshine Cruise Holidays Limited has 97 employees and maintains cash reserves of £4.4 million 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 | 47,569,231 | 26,246,080 | 4,057,601 | 14,309,274 | 91,915,902 | 76,122,988 | 58,017,055 | 53,617,209 | 40,024,298 | 34,447,737 | 19,737,378 | 17,727,003 | 13,990,314 | 15,415,939 | 8,439,539 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 41,731,339 | 21,946,847 | 2,261,656 | 13,032,576 | 82,248,246 | 69,177,462 | 51,759,209 | 47,476,822 | 35,133,822 | 30,834,337 | 19,823,016 | 17,831,709 | 13,740,927 | 13,931,965 | 7,556,175 |
| Gross Profit | 5,837,892 | 4,299,233 | 1,795,945 | 1,276,698 | 9,667,656 | 6,945,526 | 6,257,846 | 6,140,387 | 4,890,476 | 3,613,400 | -85,638 | -104,706 | 249,387 | 1,483,974 | 883,364 |
| Admin Expenses | 7,147,437 | 5,380,334 | 3,355,332 | 4,704,969 | 7,841,274 | 7,194,412 | 5,918,349 | 4,568,589 | 4,095,130 | 3,241,417 | -115,879 | 40,947 | 611,936 | 1,322,233 | 1,150,090 |
| Operating Profit | -1,309,545 | -1,081,101 | -1,559,387 | -3,428,271 | 1,826,382 | -248,886 | 339,497 | 1,571,798 | 795,346 | 371,983 | 30,241 | -145,653 | -362,549 | 161,741 | -266,726 |
| Interest Payable | 338,402 | 246,503 | 163,987 | 64,740 | 88,755 | 101 | 56 | 324 | 22,586 | 27,430 | |||||
| Interest Receivable | 99,965 | 17,384 | 10,528 | 68,740 | 92,711 | 69,783 | 58,172 | 36,947 | 43,598 | 8,818 | 10,780 | 14,999 | 14,339 | 5,623 | 51,475 |
| Pre-Tax Profit | -1,547,982 | -1,310,220 | -1,712,846 | -3,424,271 | 1,830,338 | -179,204 | 397,613 | 1,608,745 | 838,944 | 402,200 | 18,407 | -158,084 | -348,210 | 167,364 | -215,251 |
| Tax | 24,606 | 61,424 | 22,108 | 235,683 | -493,184 | -108,506 | -168,333 | -310,464 | -220,557 | 587,846 | -2,479 | -100,655 | 129,145 | -48,265 | 62,342 |
| Profit After Tax | -1,523,376 | -1,248,796 | -1,690,738 | -3,188,588 | 1,337,154 | -287,710 | 229,280 | 1,298,281 | 618,387 | 990,046 | 15,928 | -258,739 | -219,065 | 119,099 | -152,909 |
| Dividends Paid | 864,550 | 1,045,083 | 688,736 | ||||||||||||
| Retained Profit | -1,523,376 | -1,248,796 | -1,690,738 | -3,188,588 | 1,337,154 | -1,152,260 | -815,803 | 609,545 | 618,387 | 990,046 | 15,928 | -258,739 | -219,065 | 119,099 | -152,909 |
| Employee Costs | 3,488,534 | 2,818,778 | 4,151,528 | 6,217,877 | 5,337,617 | 4,469,467 | 3,486,868 | 3,212,378 | 2,416,566 | 1,565,388 | 1,307,812 | 1,190,601 | 1,016,813 | 808,850 | |
| Number Of Employees | 97 | 83 | 95 | 144 | 185 | 161 | 140 | 115 | 105 | 81 | 62 | 53 | 52 | 40 | 24 |
| EBITDA* | -1,262,775 | -1,035,673 | -1,437,083 | -3,301,556 | 2,002,167 | -92,748 | 441,555 | 1,639,809 | 854,688 | 426,219 | 55,377 | -121,087 | -344,801 | 169,750 | -248,796 |
* 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 | 71,411 | 62,766 | 59,215 | 274,960 | 363,376 | 469,912 | 475,728 | 190,642 | 199,791 | 121,612 | 70,537 | 93,857 | 77,907 | 36,203 | 29,146 |
| Intangible Assets | 47,792 | 63,292 | 78,792 | 94,292 | 109,792 | 125,292 | 140,792 | ||||||||
| Investments & Other | 1,585,929 | 1,533,504 | 777,263 | 752,804 | |||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 119,203 | 126,058 | 138,007 | 369,252 | 473,168 | 595,204 | 616,520 | 190,642 | 199,791 | 121,612 | 1,656,466 | 1,627,361 | 855,170 | 789,007 | 29,146 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 12,268,193 | 12,582,117 | 12,158,343 | 14,195,563 | 17,085,814 | 13,276,197 | 11,056,633 | 8,261,047 | 6,055,573 | 4,447,048 | 44,610 | 210,592 | 37,352 | 150,119 | 31,743 |
| Group Debtors | 102,838 | 77,706 | 9,749 | 11,778 | |||||||||||
| Misc Debtors | 19,819,994 | 13,677,139 | 6,441,116 | 5,995,312 | 27,617,733 | 20,539,384 | 16,371,962 | 8,126,032 | 7,412,003 | 5,690,618 | 3,326,418 | 4,269,564 | 3,969,582 | 1,932,940 | 177,516 |
| Cash | 4,413,444 | 4,714,745 | 2,600,660 | 6,464,083 | 7,992,429 | 9,064,656 | 8,019,064 | 7,488,353 | 4,616,152 | 2,268,400 | 1,633,721 | 1,308,177 | 1,270,508 | 1,577,952 | 651,808 |
| misc current assets | |||||||||||||||
| total current assets | 36,501,631 | 30,974,001 | 21,200,119 | 26,654,958 | 52,695,976 | 42,880,237 | 35,447,659 | 23,875,432 | 18,083,728 | 12,508,904 | 5,082,455 | 5,798,082 | 5,289,220 | 3,661,011 | 861,067 |
| total assets | 36,620,834 | 31,100,059 | 21,338,126 | 27,024,210 | 53,169,144 | 43,475,441 | 36,064,179 | 24,066,074 | 18,283,519 | 12,630,516 | 6,738,921 | 7,425,443 | 6,144,390 | 4,450,018 | 890,213 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 13,054,006 | 13,177,752 | 13,435,709 | 15,456,261 | 18,478,883 | 14,946,790 | 12,387,710 | 8,827,116 | 6,523,796 | 4,348,874 | 301,752 | 329,792 | 263,411 | 186,568 | 32,649 |
| Group/Directors Accounts | 1,416,652 | 1,193,007 | 379,438 | 62,690 | 138,579 | 78,303 | 791,580 | 61,948 | 65,845 | 102,322 | |||||
| other short term finances | 7,987 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 20,983,940 | 14,907,393 | 6,566,661 | 10,786,934 | 31,231,126 | 26,559,127 | 21,601,487 | 12,398,514 | 9,691,840 | 6,631,849 | 4,641,031 | 5,336,624 | 4,593,808 | 2,819,162 | 248,702 |
| total current liabilities | 35,454,598 | 29,286,139 | 20,381,808 | 26,305,885 | 49,710,009 | 41,505,917 | 33,989,197 | 21,225,630 | 16,215,636 | 11,119,302 | 5,021,086 | 6,457,996 | 4,919,167 | 3,071,575 | 383,673 |
| loans | 6,429,134 | 5,532,502 | 3,457,975 | 1,420,174 | 1,093,343 | 1,076,624 | |||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 51,887 | 65,845 | 66,808 | 65,845 | |||||||||||
| provisions | 23,453 | 37,741 | 40,000 | ||||||||||||
| total long term liabilities | 6,429,134 | 5,532,502 | 3,457,975 | 1,420,174 | 1,116,796 | 1,114,365 | 40,000 | 51,887 | 65,845 | 66,808 | 65,845 | ||||
| total liabilities | 41,883,732 | 34,818,641 | 23,839,783 | 27,726,059 | 50,826,805 | 42,620,282 | 34,029,197 | 21,225,630 | 16,215,636 | 11,171,189 | 5,086,931 | 6,524,804 | 4,985,012 | 3,071,575 | 383,673 |
| net assets | -5,262,898 | -3,718,582 | -2,501,657 | -701,849 | 2,342,339 | 855,159 | 2,034,982 | 2,840,444 | 2,067,883 | 1,459,327 | 1,651,990 | 900,639 | 1,159,378 | 1,378,443 | 506,540 |
| total shareholders funds | -5,262,898 | -3,718,582 | -2,501,657 | -701,849 | 2,342,339 | 855,159 | 2,034,982 | 2,840,444 | 2,067,883 | 1,459,327 | 1,651,990 | 900,639 | 1,159,378 | 1,378,443 | 506,540 |
| 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 | -1,309,545 | -1,081,101 | -1,559,387 | -3,428,271 | 1,826,382 | -248,886 | 339,497 | 1,571,798 | 795,346 | 371,983 | 30,241 | -145,653 | -362,549 | 161,741 | -266,726 |
| Depreciation | 31,270 | 29,928 | 106,804 | 111,215 | 160,785 | 140,638 | 87,850 | 68,011 | 59,342 | 53,436 | 25,136 | 24,566 | 17,748 | 8,009 | 17,930 |
| Amortisation | 15,500 | 15,500 | 15,500 | 15,500 | 15,000 | 15,500 | 14,208 | 800 | |||||||
| Tax | 24,606 | 61,424 | 22,108 | 235,683 | -493,184 | -108,506 | -168,333 | -310,464 | -220,557 | 587,846 | -2,479 | -100,655 | 129,145 | -48,265 | 62,342 |
| Stock | |||||||||||||||
| Debtors | 5,828,931 | 7,659,797 | -1,591,416 | -24,512,672 | 10,887,966 | 6,386,986 | 11,041,516 | 2,919,503 | 3,227,072 | 6,791,770 | -1,041,171 | 471,193 | 1,935,653 | 1,873,800 | 209,259 |
| Creditors | -123,746 | -257,957 | -2,020,552 | -3,022,622 | 3,532,093 | 2,559,080 | 3,560,594 | 2,303,320 | 2,174,922 | 4,047,122 | -28,040 | 66,381 | 76,843 | 153,919 | 32,649 |
| Accruals and Deferred Income | 6,076,547 | 8,340,732 | -4,220,273 | -20,444,192 | 4,671,999 | 4,957,640 | 9,202,973 | 2,706,674 | 3,059,991 | 1,990,818 | -695,593 | 742,816 | 1,774,646 | 2,570,460 | 248,702 |
| Deferred Taxes & Provisions | -23,453 | -14,288 | -2,259 | 40,000 | |||||||||||
| Cash flow from operations | -1,114,299 | -551,271 | -6,064,384 | -2,043,468 | -1,189,179 | 926,221 | 2,035,273 | 3,419,836 | 2,641,972 | 260,235 | 370,436 | 116,262 | -299,820 | 972,064 | -114,362 |
| Investing Activities | |||||||||||||||
| capital expenditure | -513,759 | -58,898 | -140,557 | -41,378 | -54,269 | -796,757 | -83,911 | -767,870 | |||||||
| Change in Investments | -1,585,929 | 52,425 | 756,241 | 24,459 | 752,804 | ||||||||||
| cash flow from investments | -513,759 | -58,898 | -140,557 | 1,544,551 | -106,694 | -1,552,998 | -108,370 | -1,520,674 | |||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 223,645 | 813,569 | 316,748 | 62,690 | -138,579 | 60,276 | -713,277 | 729,632 | -3,897 | -36,477 | 102,322 | ||||
| Other Short Term Loans | -7,987 | 7,987 | |||||||||||||
| Long term loans | 896,632 | 2,074,527 | 2,037,801 | 326,831 | 16,719 | 1,076,624 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -51,887 | -13,958 | -963 | 963 | 65,845 | ||||||||||
| share issue | |||||||||||||||
| interest | -238,437 | -229,119 | -153,459 | 4,000 | 3,956 | 69,682 | 58,116 | 36,947 | 43,598 | 8,494 | -11,806 | -12,431 | 14,339 | 5,623 | 51,475 |
| cash flow from financing | 852,913 | 2,698,835 | 2,092,020 | 537,921 | 170,701 | 1,118,743 | 68,457 | 199,963 | -156,699 | -1,127,897 | 9,377 | 718,164 | 76,287 | 721,950 | 813,246 |
| cash and cash equivalents | |||||||||||||||
| cash | -301,301 | 2,114,085 | -3,863,423 | -1,528,346 | -1,072,227 | 1,045,592 | 530,711 | 2,872,201 | 2,347,752 | 634,679 | 325,544 | 37,669 | -307,444 | 926,144 | 651,808 |
| overdraft | |||||||||||||||
| change in cash | -301,301 | 2,114,085 | -3,863,423 | -1,528,346 | -1,072,227 | 1,045,592 | 530,711 | 2,872,201 | 2,347,752 | 634,679 | 325,544 | 37,669 | -307,444 | 926,144 | 651,808 |
sunshine cruise holidays limited Credit Report and Business Information
Sunshine Cruise Holidays Limited Competitor Analysis
Perform a competitor analysis for sunshine cruise holidays limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in M50 area or any other competitors across 12 key performance metrics.
sunshine cruise holidays limited Ownership
SUNSHINE CRUISE HOLIDAYS LIMITED group structure
Sunshine Cruise Holidays Limited has 1 subsidiary company.
Ultimate parent company
DREAMLINES GMBH
#0106365
1 parent
SUNSHINE CRUISE HOLIDAYS LIMITED
03931005
1 subsidiary
sunshine cruise holidays limited directors
Sunshine Cruise Holidays Limited currently has 2 directors. The longest serving directors include Mr Bret Kelly (Oct 2022) and Mr Ashkan Ghasemi (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bret Kelly | England | 49 years | Oct 2022 | - | Director |
| Mr Ashkan Ghasemi | England | 41 years | Oct 2022 | - | Director |
P&L
December 2023turnover
47.6m
+81%
operating profit
-1.3m
+21%
gross margin
12.3%
-25.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.3m
+0.42%
total assets
36.6m
+0.18%
cash
4.4m
-0.06%
net assets
Total assets minus all liabilities
sunshine cruise holidays limited company details
company number
03931005
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
79120 - Tour operator activities
incorporation date
February 2000
age
25
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
text abroad holidays limited (April 2008)
accountant
-
auditor
WHITE HART ASSOCIATES (LONDON) LIMITED
address
office 515, 5th floor, manchester digital world., salford, M50 3UB
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
sunshine cruise holidays 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 1 charges/mortgages relating to sunshine cruise holidays limited. Currently there are 1 open charges and 0 have been satisfied in the past.
sunshine cruise holidays 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.
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sunshine cruise holidays limited Companies House Filings - See Documents
| date | description | view/download |
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