Redline Travel Limited

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redline travel limited Company Information

Live

MatureSmallDeclining

Company Number

04038404

Website

www.redlinetravel.co.uk

Registered Address

black bull house, 353-355 station road, preston, lancashire, PR5 6EE

Industry

Other passenger land transport n.e.c.

Telephone

01772747877

Next Accounts Due

October 2024

Group Structure

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Directors

Shane Nuttall23 Years

Shareholders

rowena nuttall 50%

shane raymond nuttall 50%

redline travel limited Estimated Valuation

£841.5k

Pomanda estimates the enterprise value of REDLINE TRAVEL LIMITED at £841.5k based on an EBITDA of £293.5k and a 2.87x industry multiple (adjusted for size and gross margin).

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Redline Travel Limited is a live company located in preston, PR5 6EE with a Companies House number of 04038404. It operates in the other passenger land transport sector, SIC Code 49390. Founded in July 2000, it's largest shareholder is rowena nuttall with a 50% stake. Redline Travel Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Redline Travel Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £1.8m, make it larger than the average company (£689.6k)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (0.3%)

EXPORT

Redline Travel Limited's latest turnover from January 2023 is estimated at £1.8 million and the company has net assets of -£129.6 thousand. According to their latest financial statements, Redline Travel Limited has 27 employees and maintains cash reserves of £81 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	1,775,999	1,908,512	2,052,094	2,365,303	2,623,330	2,531,820	2,181,093	1,430,198	3,256,854	2,504,143	3,000,937	2,721,895	2,837,873	2,872,079
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,275,253	1,480,878	1,634,642	1,771,959	1,955,392	1,866,589	1,584,936	1,052,828	2,346,803	1,748,947	2,175,446	1,960,594	1,958,945	2,073,016
Gross Profit	500,746	427,633	417,451	593,344	667,939	665,231	596,156	377,370	910,051	755,196	825,491	761,302	878,927	799,062
Admin Expenses	387,223	465,221	629,945	594,905	659,645	633,994	576,726	400,958	943,059	682,978	837,043	736,551	916,559	746,246
Operating Profit	113,523	-37,588	-212,494	-1,561	8,294	31,237	19,430	-23,588	-33,008	72,218	-11,552	24,751	-37,632	52,816
Interest Payable	9,104	7,292	3,813	0	735	3,301	4,057	1,626	0	0	0	0	0	0
Interest Receivable	1,492	101	85	825	473	0	0	0	0	0	150	150	5	5
Pre-Tax Profit	105,911	-44,779	-216,221	-736	8,032	27,936	15,373	-25,214	-33,008	72,218	-11,402	24,901	-37,627	52,821
Tax	-20,123	0	0	0	-1,526	-5,308	-3,074	0	0	-16,610	0	-6,474	0	-14,790
Profit After Tax	85,788	-44,779	-216,221	-736	6,506	22,628	12,298	-25,214	-33,008	55,608	-11,402	18,427	-37,627	38,031
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	85,788	-44,779	-216,221	-736	6,506	22,628	12,298	-25,214	-33,008	55,608	-11,402	18,427	-37,627	38,031
Employee Costs	556,350	745,277	739,206	505,588	703,352	685,308	674,868	611,770	1,358,603	1,178,875	1,312,398	1,224,000	1,321,644	1,112,882
Number Of Employees	27	36	37	28	40	38	37	33	77	63	72	68	72	49
EBITDA*	293,517	191,135	35,529	242,068	161,397	170,256	19,430	110,754	70,208	166,054	81,116	117,049	83,398	199,152

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	1,010,751	1,293,665	1,482,184	1,595,014	1,163,924	875,286	793,338	797,805	866,972	737,712	574,104	581,505	596,290	597,172
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,010,751	1,293,665	1,482,184	1,595,014	1,163,924	875,286	793,338	797,805	866,972	737,712	574,104	581,505	596,290	597,172
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	151,639	150,534	86,768	198,555	188,939	179,606	174,982	119,566	181,291	131,622	125,008	111,828	121,862	124,319
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	21,423	4,804	2,904	6,987	14,071	35,852	9,845	2,000	0	0	0	0	0	0
Cash	81,046	4,227	76,371	93,979	126,106	0	0	0	0	0	0	59,882	152	1,925
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	254,108	159,565	166,043	299,521	329,116	215,458	184,827	121,566	181,291	131,622	125,008	171,710	122,014	126,244
total assets	1,264,859	1,453,230	1,648,227	1,894,535	1,493,040	1,090,744	978,165	919,371	1,048,263	869,334	699,112	753,215	718,304	723,416
Bank overdraft	25,000	25,000	16,667	0	0	21,763	79,801	50,032	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	114,651	110,486	169,678	181,952	242,205	203,658	124,176	32,141	246,387	293,369	365,304	329,330	376,071	392,443
Group/Directors Accounts	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
hp & lease commitments	273,076	298,146	312,980	334,595	265,851	144,465	107,572	95,649	0	0	0	0	0	0
other current liabilities	104,796	70,272	31,640	49,973	72,234	126,763	115,903	138,461	0	0	0	0	0	0
total current liabilities	517,523	503,904	530,965	566,520	580,290	496,649	427,452	316,283	246,387	293,369	365,304	329,330	376,071	392,443
loans	58,333	83,333	108,333	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	661,548	845,077	971,949	967,409	742,451	391,227	322,202	314,643	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	97,534	192,899	151,046	187,342	9,809	44,339	110,348	184,404	681,918	429,543	263,901	348,004	296,712	251,433
provisions	59,522	43,406	56,544	127,653	114,143	118,688	100,950	99,126	89,829	83,285	62,378	56,950	45,017	41,409
total long term liabilities	876,937	1,164,715	1,287,872	1,282,404	866,403	554,254	533,500	598,173	771,747	512,828	326,279	404,954	341,729	292,842
total liabilities	1,394,460	1,668,619	1,818,837	1,848,924	1,446,693	1,050,903	960,952	914,456	1,018,134	806,197	691,583	734,284	717,800	685,285
net assets	-129,601	-215,389	-170,610	45,611	46,347	39,841	17,213	4,915	30,129	63,137	7,529	18,931	504	38,131
total shareholders funds	-129,601	-215,389	-170,610	45,611	46,347	39,841	17,213	4,915	30,129	63,137	7,529	18,931	504	38,131

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	113,523	-37,588	-212,494	-1,561	8,294	31,237	19,430	-23,588	-33,008	72,218	-11,552	24,751	-37,632	52,816
Depreciation	179,994	228,723	248,023	243,629	153,103	139,019	0	134,342	103,216	93,836	92,668	92,298	121,030	146,336
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-20,123	0	0	0	-1,526	-5,308	-3,074	0	0	-16,610	0	-6,474	0	-14,790
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	17,724	65,666	-115,870	2,532	-12,448	30,631	63,261	-59,725	49,669	6,614	13,180	-10,034	-2,457	124,319
Creditors	4,165	-59,192	-12,274	-60,253	38,547	79,482	92,035	-214,246	-46,982	-71,935	35,974	-46,741	-16,372	392,443
Accruals and Deferred Income	34,524	38,632	-18,333	-22,261	-54,529	10,860	-22,558	138,461	0	0	0	0	0	0
Deferred Taxes & Provisions	16,116	-13,138	-71,109	13,510	-4,545	17,738	1,824	9,297	6,544	20,907	5,428	11,933	3,608	41,409
Cash flow from operations	310,475	91,771	49,683	170,532	151,792	242,397	24,396	103,991	-19,899	91,802	109,338	85,801	73,091	493,895
Investing Activities
capital expenditure	102,920	-40,204	-135,193	-674,719	-441,741	-220,967	4,467	-65,175	-232,476	-257,444	-85,267	-77,513	-120,148	-743,508
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	102,920	-40,204	-135,193	-674,719	-441,741	-220,967	4,467	-65,175	-232,476	-257,444	-85,267	-77,513	-120,148	-743,508
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-25,000	-25,000	108,333	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-208,599	-141,706	-17,075	293,702	472,610	105,918	19,482	410,292	0	0	0	0	0	0
other long term liabilities	-95,365	41,853	-36,296	177,533	-34,530	-66,009	-74,056	-497,514	252,375	165,642	-84,103	51,292	45,279	251,433
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-7,612	-7,191	-3,728	825	-262	-3,301	-4,057	-1,626	0	0	150	150	5	5
cash flow from financing	-336,576	-132,044	51,234	472,060	437,818	36,608	-58,631	-88,848	252,375	165,642	-83,953	51,442	45,284	251,538
cash and cash equivalents
cash	76,819	-72,144	-17,608	-32,127	126,106	0	0	0	0	0	-59,882	59,730	-1,773	1,925
overdraft	0	8,333	16,667	0	-21,763	-58,038	29,769	50,032	0	0	0	0	0	0
change in cash	76,819	-80,477	-34,275	-32,127	147,869	58,038	-29,769	-50,032	0	0	-59,882	59,730	-1,773	1,925

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDLINE TRAVEL LIMITED group structure

Redline Travel Limited has no subsidiary companies.

Ultimate parent company

REDLINE TRAVEL LIMITED

04038404

REDLINE TRAVEL LIMITED Shareholders

rowena nuttall	50%
shane raymond nuttall	50%

Redline Travel Limited currently has 1 director, Mr Shane Nuttall serving since Jul 2000.

officer	country	age	start	end	role
Mr Shane Nuttall		63 years	Jul 2000	-	Director

P&L

January 2023

turnover

1.8m

-7%

operating profit

113.5k

gross margin

28.2%

+25.83%

turnover

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

Balance Sheet

January 2023

net assets

-129.6k

-0.4%

total assets

1.3m

-0.13%

cash

81k

+18.17%

net assets

Total assets minus all liabilities

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company number

04038404

Type

Private limited with Share Capital

industry

49390 - Other passenger land transport n.e.c.

incorporation date

July 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

black bull house, 353-355 station road, preston, lancashire, PR5 6EE

last accounts submitted

January 2023

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 did not find charges/mortgages relating to redline travel limited.

redline travel limited Company Information

redline travel limited Estimated Valuation

redline travel limited Estimated Valuation

redline travel limited Estimated Valuation

Redline Travel Limited Overview

Redline Travel Limited Health Check

REDLINE TRAVEL LIMITED financials

redline travel limited Credit Report and Business Information

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redline travel limited Ownership

redline travel limited directors

redline travel limited company details

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redline travel limited Companies House Filings - See Documents