aferry ltd
aferry ltd Company Information
Company Number
04127327
Website
http://www.2mgroup.comRegistered Address
2morrow court appleford road, sutton courtenay, oxfordshire, OX14 4FH
Industry
Travel agency activities
Telephone
01235845100
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
2morrow group ltd 100%
aferry ltd Estimated Valuation
Pomanda estimates the enterprise value of AFERRY LTD at £5.7m based on a Turnover of £8.8m and 0.65x industry multiple (adjusted for size and gross margin).
aferry ltd Estimated Valuation
Pomanda estimates the enterprise value of AFERRY LTD at £3.9m based on an EBITDA of £818.9k and a 4.78x industry multiple (adjusted for size and gross margin).
aferry ltd Estimated Valuation
Pomanda estimates the enterprise value of AFERRY LTD at £13.8m based on Net Assets of £4.9m and 2.84x industry multiple (adjusted for liquidity).
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Aferry Ltd Overview
Aferry Ltd is a live company located in oxfordshire, OX14 4FH with a Companies House number of 04127327. It operates in the travel agency activities sector, SIC Code 79110. Founded in December 2000, it's largest shareholder is 2morrow group ltd with a 100% stake. Aferry Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £8.8m with declining growth in recent years.
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Aferry Ltd Health Check
Pomanda's financial health check has awarded Aferry Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
0 Weak
Size
annual sales of £8.8m, make it larger than the average company (£7.2m)
- Aferry Ltd
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a similar rate (-14.2%)
- Aferry Ltd
-14.2% - Industry AVG
Production
with a gross margin of 25.5%, this company has a comparable cost of product (25.5%)
- Aferry Ltd
25.5% - Industry AVG
Profitability
an operating margin of 9.1% make it more profitable than the average company (1%)
- Aferry Ltd
1% - Industry AVG
Employees
with 45 employees, this is similar to the industry average (37)
45 - Aferry Ltd
37 - Industry AVG
Pay Structure
on an average salary of £38.9k, the company has an equivalent pay structure (£38.9k)
- Aferry Ltd
£38.9k - Industry AVG
Efficiency
resulting in sales per employee of £194.5k, this is more efficient (£158.6k)
- Aferry Ltd
£158.6k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (44 days)
- Aferry Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 248 days, this is slower than average (72 days)
- Aferry Ltd
72 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Aferry Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (17 weeks)
28 weeks - Aferry Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.7%, this is a lower level of debt than the average (84.3%)
72.7% - Aferry Ltd
84.3% - Industry AVG
aferry ltd Credit Report and Business Information
Aferry Ltd Competitor Analysis
Perform a competitor analysis for aferry ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
aferry ltd Ownership
AFERRY LTD group structure
Aferry Ltd has 1 subsidiary company.
Ultimate parent company
1 parent
AFERRY LTD
04127327
1 subsidiary
aferry ltd directors
Aferry Ltd currently has 3 directors. The longest serving directors include Mr Christopher Howe Davies (Jan 2002) and Mr James Howe Davies (Oct 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Howe Davies | 78 years | Jan 2002 | - | Director | |
| Mr James Howe Davies | 45 years | Oct 2003 | - | Director | |
| Mr Michael Howe-Davies | United Kingdom | 43 years | Aug 2009 | - | Director |
AFERRY LTD financials
Aferry Ltd's latest turnover from December 2022 is estimated at £8.8 million and the company has net assets of £4.9 million. According to their latest financial statements, Aferry Ltd has 45 employees and maintains cash reserves of £7.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 14,209,146 | 14,768,990 | 13,643,763 | 10,739,014 | 9,167,760 | 9,548,664 | 9,135,348 | 8,407,643 | 8,406,209 | 7,965,883 | 8,268,895 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 5,885,186 | 5,279,928 | 5,409,041 | 4,423,143 | 4,966,143 | 4,899,426 | 4,233,711 | 3,839,440 | 3,791,916 | 3,743,856 | 4,074,076 | |||
| Gross Profit | 8,323,960 | 9,489,062 | 8,234,722 | 6,315,871 | 4,201,617 | 4,649,238 | 4,901,637 | 4,568,203 | 4,614,293 | 4,222,027 | 4,194,819 | |||
| Admin Expenses | 7,181,706 | 7,483,202 | 6,266,840 | 4,656,324 | 3,582,020 | 4,095,726 | 4,109,157 | 3,632,232 | 3,231,991 | 2,951,105 | 2,858,365 | |||
| Operating Profit | 1,142,254 | 2,005,860 | 1,967,882 | 1,659,547 | 619,597 | 553,512 | 792,480 | 935,971 | 1,382,302 | 1,270,922 | 1,336,454 | |||
| Interest Payable | 2,740 | 2,418 | 3,464 | 3,560 | 10,349 | 5,174 | 10,426 | 145 | 5,017 | 8,504 | 22,609 | |||
| Interest Receivable | 0 | 1 | 430 | 578 | 1,180 | 15,257 | 13,192 | 23,087 | 19,538 | 12,797 | 1,469 | |||
| Pre-Tax Profit | 1,139,514 | 2,003,443 | 1,964,848 | 1,656,565 | 610,428 | 563,595 | 795,246 | 958,913 | 1,396,823 | 1,275,215 | 1,315,314 | |||
| Tax | 42,247 | -87,090 | -212,655 | -26,596 | 359 | -91,626 | -177,072 | -213,957 | -356,677 | -318,127 | -8,269 | |||
| Profit After Tax | 1,181,761 | 1,916,353 | 1,752,193 | 1,629,969 | 610,787 | 471,969 | 618,174 | 744,956 | 1,040,146 | 957,088 | 1,307,045 | |||
| Dividends Paid | 500,000 | 1,200,000 | 2,000,000 | 0 | 0 | 0 | 6,265,000 | 0 | 0 | 0 | 0 | |||
| Retained Profit | 681,761 | 716,353 | -247,807 | 1,629,969 | 610,787 | 471,969 | -5,646,826 | 744,956 | 1,040,146 | 957,088 | 1,307,045 | |||
| Employee Costs | 2,642,288 | 2,366,160 | 2,176,987 | 1,246,593 | 1,218,773 | 1,194,386 | 1,040,909 | 973,229 | 932,208 | 877,273 | 1,216,243 | |||
| Number Of Employees | 45 | 36 | 47 | 58 | 55 | 63 | 37 | 41 | 43 | 38 | 36 | 37 | 35 | 35 |
| EBITDA* | 1,380,732 | 2,308,840 | 2,359,422 | 1,855,014 | 813,867 | 734,248 | 901,701 | 947,581 | 1,402,857 | 1,295,504 | 1,516,800 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 1,385 | 21,493 | 68,336 | 104,919 | 75,396 | 47,892 | 80,619 | 149,771 | 79,018 | 106,884 | 85,961 | 6,126 | 25,528 | 50,110 |
| Intangible Assets | 0 | 0 | 209,084 | 418,167 | 627,250 | 886,800 | 176,467 | 305,467 | 434,467 | 463,467 | 59,133 | 15,000 | 0 | 281,000 |
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,386 | 21,494 | 277,421 | 523,087 | 702,647 | 934,693 | 257,087 | 455,239 | 513,486 | 570,352 | 145,095 | 21,127 | 25,529 | 331,111 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 249,858 | 235,775 | 286,218 | 370,250 | 512,861 | 86,237 | 293,751 | 314,079 | 459,280 | 939,321 | 770,352 | 961,529 | 647,877 | 1,067,923 |
| Group Debtors | 9,463,039 | 10,021,031 | 9,916,647 | 50,158,018 | 11,039,297 | 10,069,684 | 11,729,395 | 13,489,243 | 13,238,403 | 7,791,169 | 14,312,314 | 16,186,044 | 14,349,148 | 10,600,297 |
| Misc Debtors | 1,049,909 | 927,600 | 1,113,952 | 1,100,583 | 95,206 | 615,172 | 38,853 | 45,092 | 51,342 | 42,461 | 98,932 | 235,659 | 58,170 | 58,485 |
| Cash | 7,113,517 | 5,561,859 | 6,853,824 | 5,798,513 | 6,113,608 | 3,983,920 | 3,410,888 | 1,337,010 | 376,838 | 2,559,424 | 976,405 | 1,102,362 | 391,939 | 367,732 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,876,323 | 16,746,265 | 18,170,641 | 57,427,364 | 17,760,972 | 14,755,013 | 15,472,887 | 15,185,424 | 14,125,863 | 11,332,375 | 16,158,003 | 18,485,594 | 15,447,134 | 12,094,437 |
| total assets | 17,877,709 | 16,767,759 | 18,448,062 | 57,950,451 | 18,463,619 | 15,689,706 | 15,729,974 | 15,640,663 | 14,639,349 | 11,902,727 | 16,303,098 | 18,506,721 | 15,472,663 | 12,425,548 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 224,867 | 0 | 0 | 30,368 | 415,327 | 395,786 |
| Bank loan | 1,812,500 | 2,562,500 | 437,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,441,442 | 3,179,196 | 4,278,523 | 6,578,814 | 7,457,881 | 6,128,388 | 5,942,715 | 6,448,182 | 6,650,539 | 7,148,263 | 5,972,374 | 5,510,883 | 5,277,302 | 6,292,253 |
| Group/Directors Accounts | 6,564,911 | 6,648,964 | 6,677,749 | 46,540,625 | 6,950,391 | 6,421,433 | 6,696,346 | 7,444,357 | 6,313,083 | 4,001,543 | 3,671,916 | 6,856,417 | 5,218,063 | 2,451,185 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 676 | 18,502 | 12,172 | 0 | 0 | 51,876 | 33,087 | 31,430 | 23,431 | 0 | 6,019 | 25,607 |
| other current liabilities | 177,915 | 154,537 | 231,597 | 800,351 | 725,810 | 543,603 | 242,737 | 431,776 | 817,561 | 576,736 | 825,308 | 1,090,267 | 577,312 | 233,146 |
| total current liabilities | 12,996,768 | 12,545,197 | 11,626,045 | 53,938,292 | 15,146,254 | 13,093,424 | 12,881,798 | 14,376,191 | 14,039,137 | 11,757,972 | 10,493,029 | 13,487,935 | 11,494,023 | 9,397,977 |
| loans | 0 | 0 | 2,562,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 676 | 19,178 | 14,448 | 18,535 | 64,800 | 11,327 | 27,839 | 46,327 | 0 | 0 | 6,019 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 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 |
| total long term liabilities | 0 | 0 | 2,562,500 | 676 | 19,178 | 14,448 | 18,535 | 64,800 | 11,327 | 27,839 | 46,327 | 0 | 0 | 6,019 |
| total liabilities | 12,996,768 | 12,545,197 | 14,188,545 | 53,938,968 | 15,165,432 | 13,107,872 | 12,900,333 | 14,440,991 | 14,050,464 | 11,785,811 | 10,539,356 | 13,487,935 | 11,494,023 | 9,403,996 |
| net assets | 4,880,941 | 4,222,562 | 4,259,517 | 4,011,483 | 3,298,187 | 2,581,834 | 2,829,641 | 1,199,672 | 588,885 | 116,916 | 5,763,742 | 5,018,786 | 3,978,640 | 3,021,552 |
| total shareholders funds | 4,880,941 | 4,222,562 | 4,259,517 | 4,011,483 | 3,298,187 | 2,581,834 | 2,829,641 | 1,199,672 | 588,885 | 116,916 | 5,763,742 | 5,018,786 | 3,978,640 | 3,021,552 |
| 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 | 1,142,254 | 2,005,860 | 1,967,882 | 1,659,547 | 619,597 | 553,512 | 792,480 | 935,971 | 1,382,302 | 1,270,922 | 1,336,454 | |||
| Depreciation | 20,108 | 43,787 | 29,395 | 43,430 | 56,457 | 66,467 | 65,270 | 51,736 | 33,555 | 11,610 | 20,555 | 24,582 | 28,679 | |
| Amortisation | 0 | 209,084 | 209,083 | 259,550 | 335,083 | 129,000 | 129,000 | 129,000 | 75,666 | 0 | 0 | 0 | 151,667 | |
| Tax | 42,247 | -87,090 | -212,655 | -26,596 | 359 | -91,626 | -177,072 | -213,957 | -356,677 | -318,127 | -8,269 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -421,600 | -132,411 | -40,312,034 | 39,981,487 | 876,271 | -1,290,906 | -1,786,415 | 99,389 | 4,976,074 | -6,408,647 | -2,201,634 | 2,328,037 | 3,328,490 | 11,726,705 |
| Creditors | 1,262,246 | -1,099,327 | -2,300,291 | -879,067 | 1,329,493 | 185,673 | -505,467 | -202,357 | -497,724 | 1,175,889 | 461,491 | 233,581 | -1,014,951 | 6,292,253 |
| Accruals and Deferred Income | 23,378 | -77,060 | -568,754 | 74,541 | 182,207 | 300,866 | -189,039 | -385,785 | 240,825 | -248,572 | -264,959 | 512,955 | 344,166 | 233,146 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -39,363,034 | 2,857,179 | 3,924,212 | 2,920,327 | 126,695 | -4,590,351 | 8,060,593 | 3,131,790 | -535,321 | -3,021,898 | -3,692,775 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -750,000 | 2,125,000 | 437,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -84,053 | -28,785 | -39,862,876 | 39,590,234 | 528,958 | -274,913 | -748,011 | 1,131,274 | 2,311,540 | 329,627 | -3,184,501 | 1,638,354 | 2,766,878 | 2,451,185 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -2,562,500 | 2,562,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -676 | -18,502 | -12,172 | 16,902 | -4,087 | -98,141 | 72,262 | -14,855 | -10,489 | 69,758 | -6,019 | -25,607 | 31,626 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,740 | -2,417 | -3,034 | -2,982 | -9,169 | 10,083 | 2,766 | 22,942 | 14,521 | 4,293 | -21,140 | |||
| cash flow from financing | 39,606,857 | 543,443 | -282,034 | -849,134 | 1,194,367 | 2,306,768 | 321,904 | -3,091,801 | 1,646,856 | 2,745,564 | 4,176,178 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 1,551,658 | -1,291,965 | 1,055,311 | -315,095 | 2,129,688 | 573,032 | 2,073,878 | 960,172 | -2,182,586 | 1,583,019 | -125,957 | 710,423 | 24,207 | 367,732 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -224,867 | 224,867 | 0 | -30,368 | -384,959 | 19,541 | 395,786 |
| change in cash | 1,551,658 | -1,291,965 | 1,055,311 | -315,095 | 2,129,688 | 573,032 | 2,073,878 | 1,185,039 | -2,407,453 | 1,583,019 | -95,589 | 1,095,382 | 4,666 | -28,054 |
P&L
December 2022turnover
8.8m
+129%
operating profit
798.8k
0%
gross margin
25.5%
-6.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.9m
+0.16%
total assets
17.9m
+0.07%
cash
7.1m
+0.28%
net assets
Total assets minus all liabilities
Similar Companies
aferry ltd company details
company number
04127327
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
December 2000
age
24
accounts
Small Company
ultimate parent company
previous names
thetravelgateway limited (January 2017)
midlands travel limited (June 2002)
incorporated
UK
address
2morrow court appleford road, sutton courtenay, oxfordshire, OX14 4FH
last accounts submitted
December 2022
aferry 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 8 charges/mortgages relating to aferry ltd. Currently there are 0 open charges and 8 have been satisfied in the past.
aferry ltd Companies House Filings - See Documents
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