morgan travel limited
morgan travel limited Company Information
Company Number
04213944
Website
www.milesmorgantravel.co.ukRegistered Address
ghyll beck house gill lane, yeadon, leeds, west yorkshire, LS19 7SE
Industry
Tour operator activities
Travel agency activities
Telephone
08000124529
Next Accounts Due
October 2024
Group Structure
View All
Directors
Richard Murphy23 Years
Shareholders
first event 2008 ltd 100%
morgan travel limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN TRAVEL LIMITED at £15.5m based on a Turnover of £21.6m and 0.72x industry multiple (adjusted for size and gross margin).
morgan travel limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN TRAVEL LIMITED at £6.5m based on an EBITDA of £1.1m and a 5.99x industry multiple (adjusted for size and gross margin).
morgan travel limited Estimated Valuation
Pomanda estimates the enterprise value of MORGAN TRAVEL LIMITED at £1.7m based on Net Assets of £605.1k and 2.74x industry multiple (adjusted for liquidity).
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Morgan Travel Limited Overview
Morgan Travel Limited is a live company located in leeds, LS19 7SE with a Companies House number of 04213944. It operates in the travel agency activities sector, SIC Code 79110. Founded in May 2001, it's largest shareholder is first event 2008 ltd with a 100% stake. Morgan Travel Limited is a mature, large sized company, Pomanda has estimated its turnover at £21.6m with unknown growth in recent years.
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Morgan Travel Limited Health Check
Pomanda's financial health check has awarded Morgan Travel Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
2 Weak
Size
annual sales of £21.6m, make it larger than the average company (£8.1m)
£21.6m - Morgan Travel Limited
£8.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Morgan Travel Limited
- - Industry AVG
Production
with a gross margin of 26.6%, this company has a comparable cost of product (22.9%)
26.6% - Morgan Travel Limited
22.9% - Industry AVG
Profitability
an operating margin of 4.4% make it more profitable than the average company (1.8%)
4.4% - Morgan Travel Limited
1.8% - Industry AVG
Employees
with 66 employees, this is above the industry average (35)
66 - Morgan Travel Limited
35 - Industry AVG
Pay Structure
on an average salary of £52.8k, the company has a higher pay structure (£40.5k)
£52.8k - Morgan Travel Limited
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £327.8k, this is more efficient (£227.6k)
£327.8k - Morgan Travel Limited
£227.6k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is near the average (26 days)
29 days - Morgan Travel Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (38 days)
0 days - Morgan Travel Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Morgan Travel Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is average cash available to meet short term requirements (21 weeks)
24 weeks - Morgan Travel Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.9%, this is a similar level of debt than the average (84.5%)
89.9% - Morgan Travel Limited
84.5% - Industry AVG
MORGAN TRAVEL LIMITED financials
Morgan Travel Limited's latest turnover from January 2023 is £21.6 million and the company has net assets of £605.1 thousand. According to their latest financial statements, Morgan Travel Limited has 66 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,631,738 | 8,023,045 | |||||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||
| Cost Of Sales | 15,884,868 | 5,202,415 | |||||||||||
| Gross Profit | 5,746,870 | 2,820,630 | |||||||||||
| Admin Expenses | 4,789,056 | 2,216,791 | |||||||||||
| Operating Profit | 957,814 | 603,839 | |||||||||||
| Interest Payable | 25,788 | 35,505 | |||||||||||
| Interest Receivable | 17,273 | 716 | |||||||||||
| Pre-Tax Profit | 949,299 | 569,050 | |||||||||||
| Tax | 0 | 0 | |||||||||||
| Profit After Tax | 949,299 | 569,050 | |||||||||||
| Dividends Paid | 0 | 0 | |||||||||||
| Retained Profit | 949,299 | 569,050 | |||||||||||
| Employee Costs | 3,486,826 | 1,742,691 | |||||||||||
| Number Of Employees | 66 | 38 | 39 | 45 | 34 | 28 | 27 | ||||||
| EBITDA* | 1,085,500 | 650,931 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 224,664 | 178,757 | 75,238 | 105,929 | 86,083 | 110,119 | 44,342 | 49,325 | 56,152 | 37,702 | 48,242 | 2,339 | 2,468 |
| Intangible Assets | 3,661 | 59,559 | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 228,325 | 238,316 | 75,238 | 105,929 | 86,083 | 110,119 | 44,342 | 49,325 | 56,152 | 37,702 | 48,242 | 2,339 | 2,468 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,721,304 | 566,691 | 508,968 | 916,715 | 537,632 | 816,745 | 281,631 | 3,120,190 | 1,759,961 | 1,643,913 | 1,898,881 | 1,921,103 | 1,244,322 |
| Group Debtors | 302,269 | 322,269 | 1,096,679 | 501,913 | 529,617 | 496,966 | 418,100 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,377,290 | 1,137,468 | 335,367 | 1,373,665 | 2,123,665 | 1,359,742 | 1,597,870 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,332,333 | 4,095,324 | 3,014,887 | 761,812 | 1,890,268 | 1,591,274 | 1,970,645 | 1,975,193 | 1,147,220 | 518,742 | 507,475 | 325,946 | 553,277 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,733,196 | 6,121,752 | 4,955,901 | 3,554,105 | 5,081,182 | 4,264,727 | 4,268,246 | 5,095,383 | 2,907,181 | 2,162,655 | 2,406,356 | 2,247,049 | 1,797,599 |
| total assets | 5,961,521 | 6,360,068 | 5,031,139 | 3,660,034 | 5,167,265 | 4,374,846 | 4,312,588 | 5,144,708 | 2,963,333 | 2,200,357 | 2,454,598 | 2,249,388 | 1,800,067 |
| Bank overdraft | 150,000 | 150,000 | 112,500 | 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 |
| Trade Creditors | 38,422 | 320,156 | 82,994 | 452,767 | 254,973 | 170,854 | 209,088 | 4,462,309 | 2,356,632 | 1,605,043 | 1,908,221 | 1,707,679 | 1,333,569 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,788,835 | 5,164,482 | 3,382,048 | 2,259,801 | 3,988,283 | 3,301,005 | 3,282,674 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,977,257 | 5,634,638 | 3,577,542 | 2,712,568 | 4,243,256 | 3,471,859 | 3,491,762 | 4,462,309 | 2,356,632 | 1,605,043 | 1,908,221 | 1,707,679 | 1,333,569 |
| loans | 350,000 | 500,000 | 637,500 | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 95,000 | 95,000 | 95,000 | 95,000 | 117,934 | 138,904 | 122,787 | 135,883 | 94,013 |
| provisions | 29,178 | 15,309 | 12,247 | 15,000 | 12,200 | 17,800 | 4,800 | 5,550 | 7,650 | 3,100 | 150 | 150 | 150 |
| total long term liabilities | 379,178 | 515,309 | 649,747 | 15,000 | 107,200 | 112,800 | 99,800 | 100,550 | 125,584 | 142,004 | 122,937 | 136,033 | 94,163 |
| total liabilities | 5,356,435 | 6,149,947 | 4,227,289 | 2,727,568 | 4,350,456 | 3,584,659 | 3,591,562 | 4,562,859 | 2,482,216 | 1,747,047 | 2,031,158 | 1,843,712 | 1,427,732 |
| net assets | 605,086 | 210,121 | 803,850 | 932,466 | 816,809 | 790,187 | 721,026 | 581,849 | 481,117 | 453,310 | 423,440 | 405,676 | 372,335 |
| total shareholders funds | 605,086 | 210,121 | 803,850 | 932,466 | 816,809 | 790,187 | 721,026 | 581,849 | 481,117 | 453,310 | 423,440 | 405,676 | 372,335 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 957,814 | 603,839 | |||||||||||
| Depreciation | 71,788 | 46,340 | 48,880 | 32,524 | 33,515 | 14,412 | 22,040 | 17,491 | 12,628 | 13,458 | 3,040 | 1,363 | 3,029 |
| Amortisation | 55,898 | 752 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,374,435 | 85,414 | 1,941,014 | -398,621 | 517,461 | 375,852 | -822,589 | 1,360,229 | 116,048 | -254,968 | -22,222 | 676,781 | 1,244,322 |
| Creditors | -281,734 | 237,162 | 82,994 | 197,794 | 84,119 | -38,234 | -4,253,221 | 2,105,677 | 751,589 | -303,178 | 200,542 | 374,110 | 1,333,569 |
| Accruals and Deferred Income | -375,647 | 1,782,434 | 3,382,048 | -1,728,482 | 687,278 | 18,331 | 3,282,674 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 13,869 | 3,062 | 12,247 | 2,800 | -5,600 | 13,000 | -750 | -2,100 | 4,550 | 2,950 | 0 | 0 | 150 |
| Cash flow from operations | -932,447 | 2,588,175 | |||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -150,000 | -137,500 | 637,500 | 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 |
| other long term liabilities | 0 | 0 | 0 | -95,000 | 0 | 0 | 0 | -22,934 | -20,970 | 16,117 | -13,096 | 41,870 | 94,013 |
| share issue | |||||||||||||
| interest | -8,515 | -34,789 | |||||||||||
| cash flow from financing | -712,849 | -1,335,068 | |||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -1,762,991 | 1,080,437 | 3,014,887 | -1,128,456 | 298,994 | -379,371 | -4,548 | 827,973 | 628,478 | 11,267 | 181,529 | -227,331 | 553,277 |
| overdraft | 0 | 37,500 | 112,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,762,991 | 1,042,937 | 2,902,387 | -1,128,456 | 298,994 | -379,371 | -4,548 | 827,973 | 628,478 | 11,267 | 181,529 | -227,331 | 553,277 |
morgan travel limited Credit Report and Business Information
Morgan Travel Limited Competitor Analysis
Perform a competitor analysis for morgan travel limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
morgan travel limited Ownership
MORGAN TRAVEL LIMITED group structure
Morgan Travel Limited has no subsidiary companies.
Ultimate parent company
2 parents
MORGAN TRAVEL LIMITED
04213944
morgan travel limited directors
Morgan Travel Limited currently has 1 director, Mr Richard Murphy serving since May 2001.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Murphy | 54 years | May 2001 | - | Director |
P&L
January 2023turnover
21.6m
+170%
operating profit
957.8k
+59%
gross margin
26.6%
-24.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
605.1k
+1.88%
total assets
6m
-0.06%
cash
2.3m
-0.43%
net assets
Total assets minus all liabilities
morgan travel limited company details
company number
04213944
Type
Private limited with Share Capital
industry
79120 - Tour operator activities
79110 - Travel agency activities
incorporation date
May 2001
age
23
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
ghyll beck house gill lane, yeadon, leeds, west yorkshire, LS19 7SE
last accounts submitted
January 2023
morgan 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 4 charges/mortgages relating to morgan travel limited. Currently there are 4 open charges and 0 have been satisfied in the past.
morgan travel limited Companies House Filings - See Documents
| date | description | view/download |
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