travelex holdings limited
travelex holdings limited Company Information
Company Number
05356574
Next Accounts
Mar 2025
Shareholders
utx holdings ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
central square, 29 wellington street, leeds, england, LS1 4DL
Website
www.travelex-corporate.comtravelex holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TRAVELEX HOLDINGS LIMITED at £919m based on a Turnover of £729.5m and 1.26x industry multiple (adjusted for size and gross margin).
travelex holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TRAVELEX HOLDINGS LIMITED at £504.8m based on an EBITDA of £55.7m and a 9.06x industry multiple (adjusted for size and gross margin).
travelex holdings limited Estimated Valuation
Pomanda estimates the enterprise value of TRAVELEX HOLDINGS LIMITED at £0 based on Net Assets of £-927.3m and 2.3x industry multiple (adjusted for liquidity).
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Travelex Holdings Limited Overview
Travelex Holdings Limited is a dissolved company that was located in leeds, LS1 4DL with a Companies House number of 05356574. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2005, it's largest shareholder was utx holdings ltd with a 100% stake. The last turnover for Travelex Holdings Limited was estimated at £729.5m.
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Travelex Holdings Limited Health Check
Pomanda's financial health check has awarded Travelex Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £729.5m, make it larger than the average company (£2.7m)
£729.5m - Travelex Holdings Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.4%)
4% - Travelex Holdings Limited
4.4% - Industry AVG
Production
with a gross margin of 39.1%, this company has a comparable cost of product (37.1%)
39.1% - Travelex Holdings Limited
37.1% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (5.7%)
3.2% - Travelex Holdings Limited
5.7% - Industry AVG
Employees
with 762 employees, this is above the industry average (23)
762 - Travelex Holdings Limited
23 - Industry AVG
Pay Structure
on an average salary of £289.2k, the company has a higher pay structure (£44.3k)
£289.2k - Travelex Holdings Limited
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £957.3k, this is more efficient (£148k)
£957.3k - Travelex Holdings Limited
£148k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (46 days)
61 days - Travelex Holdings Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 204 days, this is slower than average (33 days)
204 days - Travelex Holdings Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (28 days)
0 days - Travelex Holdings Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (20 weeks)
35 weeks - Travelex Holdings Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 169.6%, this is a higher level of debt than the average (67.4%)
169.6% - Travelex Holdings Limited
67.4% - Industry AVG
TRAVELEX HOLDINGS LIMITED financials
Travelex Holdings Limited's latest turnover from December 2018 is £729.5 million and the company has net assets of -£927.3 million. According to their latest financial statements, Travelex Holdings Limited has 762 employees and maintains cash reserves of £550.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 729,500,000 | 719,600,000 | 699,100,000 | 655,700,000 | 693,300,000 | 639,600,000 | 570,900,000 | 554,800,000 | 554,100,000 | 599,100,000 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 444,100,000 | 448,100,000 | 450,000,000 | 408,200,000 | 424,100,000 | 394,500,000 | 356,600,000 | |||
| Gross Profit | 285,400,000 | 271,500,000 | 249,100,000 | 247,500,000 | 269,200,000 | 245,100,000 | 214,300,000 | |||
| Admin Expenses | 262,300,000 | 263,300,000 | 177,200,000 | 259,800,000 | 215,100,000 | 283,600,000 | 207,200,000 | |||
| Operating Profit | 23,100,000 | 8,200,000 | 71,900,000 | -12,300,000 | 54,100,000 | -38,500,000 | 7,100,000 | 256,900,000 | 36,800,000 | -30,200,000 |
| Interest Payable | 132,600,000 | 121,100,000 | 113,400,000 | 114,100,000 | 175,000,000 | 166,000,000 | 144,700,000 | 114,500,000 | 146,600,000 | 162,300,000 |
| Interest Receivable | 1,500,000 | 800,000 | 1,000,000 | 2,800,000 | 500,000 | 2,700,000 | 4,800,000 | 5,100,000 | 3,200,000 | 35,600,000 |
| Pre-Tax Profit | -104,300,000 | -129,800,000 | -16,900,000 | -114,200,000 | -132,300,000 | -181,700,000 | -122,600,000 | 159,400,000 | -96,500,000 | -150,100,000 |
| Tax | -8,700,000 | -13,100,000 | -19,300,000 | -8,300,000 | -13,400,000 | -5,600,000 | -9,900,000 | -2,500,000 | 16,700,000 | -15,100,000 |
| Profit After Tax | -113,000,000 | -142,900,000 | -36,200,000 | -122,500,000 | -145,700,000 | -187,300,000 | -132,500,000 | 156,900,000 | -79,800,000 | -165,200,000 |
| Dividends Paid | 5,000,000 | 4,200,000 | ||||||||
| Retained Profit | -122,900,000 | -151,500,000 | -39,000,000 | -123,100,000 | -145,100,000 | -187,300,000 | -132,500,000 | 156,900,000 | -80,300,000 | -165,600,000 |
| Employee Costs | 220,400,000 | 207,900,000 | 194,100,000 | 179,100,000 | 197,800,000 | 208,300,000 | 176,200,000 | 176,700,000 | 231,900,000 | 189,900,000 |
| Number Of Employees | 762 | 7,593 | 7,196 | 7,130 | 7,562 | 7,717 | 6,536 | 7,022 | 7,098 | 5,772 |
| EBITDA* | 55,700,000 | 40,500,000 | 135,900,000 | 13,000,000 | 56,500,000 | -4,300,000 | 26,500,000 | 273,400,000 | 69,700,000 | -1,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 179,000,000 | 181,600,000 | 190,500,000 | 188,800,000 | 204,800,000 | 219,700,000 | 262,400,000 | 331,000,000 | 296,600,000 | 299,100,000 |
| Intangible Assets | 369,000,000 | 375,000,000 | 383,100,000 | 396,800,000 | 413,400,000 | 399,800,000 | 269,200,000 | 269,800,000 | 598,100,000 | 639,900,000 |
| Investments & Other | 106,200,000 | 111,900,000 | 123,800,000 | 129,300,000 | 145,600,000 | 153,600,000 | 200,500,000 | 215,900,000 | 226,200,000 | 229,400,000 |
| Debtors (Due After 1 year) | 19,100,000 | 21,900,000 | 10,300,000 | 6,100,000 | 4,600,000 | 2,300,000 | 3,200,000 | 3,800,000 | ||
| Total Fixed Assets | 548,000,000 | 556,600,000 | 573,600,000 | 585,600,000 | 618,200,000 | 619,500,000 | 531,600,000 | 600,800,000 | 894,700,000 | 939,000,000 |
| Stock & work in progress | 700,000 | 700,000 | 1,100,000 | 400,000 | 500,000 | 400,000 | 600,000 | 800,000 | 900,000 | 1,700,000 |
| Trade Debtors | 123,900,000 | 163,400,000 | 46,900,000 | 47,000,000 | 44,100,000 | 56,200,000 | 59,400,000 | 35,500,000 | 29,200,000 | 37,100,000 |
| Group Debtors | 4,200,000 | 800,000 | 2,200,000 | 3,100,000 | 4,100,000 | 2,400,000 | 3,400,000 | 3,200,000 | ||
| Misc Debtors | 48,000,000 | 51,800,000 | 51,700,000 | 49,200,000 | 42,700,000 | 42,100,000 | 77,800,000 | 25,600,000 | 25,900,000 | |
| Cash | 550,200,000 | 530,300,000 | 577,900,000 | 451,300,000 | 505,600,000 | 582,800,000 | 644,900,000 | 577,800,000 | 546,600,000 | 485,600,000 |
| misc current assets | 30,300,000 | 25,900,000 | 29,400,000 | 25,100,000 | 55,200,000 | 27,500,000 | 52,900,000 | 58,700,000 | 141,900,000 | 84,600,000 |
| total current assets | 757,300,000 | 772,900,000 | 709,200,000 | 573,000,000 | 651,200,000 | 713,100,000 | 757,800,000 | 753,000,000 | 747,600,000 | 638,100,000 |
| total assets | 1,305,300,000 | 1,329,500,000 | 1,282,800,000 | 1,158,600,000 | 1,269,400,000 | 1,332,600,000 | 1,289,400,000 | 1,353,800,000 | 1,642,300,000 | 1,577,100,000 |
| Bank overdraft | 17,600,000 | |||||||||
| Bank loan | 32,800,000 | 26,600,000 | 44,500,000 | 3,200,000 | 500,000 | 7,900,000 | 4,200,000 | 25,600,000 | 20,300,000 | |
| Trade Creditors | 249,400,000 | 258,100,000 | 106,100,000 | 138,500,000 | 127,500,000 | 101,000,000 | 48,900,000 | 56,900,000 | 119,600,000 | 111,900,000 |
| Group/Directors Accounts | ||||||||||
| other short term finances | 225,100,000 | 228,200,000 | 3,600,000 | |||||||
| hp & lease commitments | 100,000 | 700,000 | 900,000 | |||||||
| other current liabilities | 308,900,000 | 320,600,000 | 606,500,000 | 505,600,000 | 575,300,000 | 685,300,000 | 545,100,000 | 634,600,000 | 647,600,000 | 661,100,000 |
| total current liabilities | 816,200,000 | 833,500,000 | 733,900,000 | 688,600,000 | 706,700,000 | 787,700,000 | 601,900,000 | 695,700,000 | 792,800,000 | 793,300,000 |
| loans | 2,771,000,000 | 2,539,200,000 | 2,180,400,000 | 1,971,000,000 | 3,042,200,000 | 1,391,200,000 | 1,264,200,000 | 1,120,000,000 | 1,664,200,000 | 1,562,800,000 |
| hp & lease commitments | 100,000 | 200,000 | ||||||||
| Accruals and Deferred Income | 2,200,000 | 3,800,000 | 3,800,000 | 10,900,000 | ||||||
| other liabilities | 100,000 | 17,900,000 | 900,000 | 7,300,000 | 8,800,000 | 35,600,000 | ||||
| provisions | 23,400,000 | 37,200,000 | 42,200,000 | 48,400,000 | 53,400,000 | 56,400,000 | 32,600,000 | 2,800,000 | 17,800,000 | 29,000,000 |
| total long term liabilities | 1,397,200,000 | 1,288,200,000 | 1,111,300,000 | 1,009,800,000 | 1,565,700,000 | 1,420,300,000 | 1,290,000,000 | 1,134,000,000 | 1,712,500,000 | 1,588,200,000 |
| total liabilities | 2,213,400,000 | 2,121,700,000 | 1,845,200,000 | 1,698,400,000 | 2,272,400,000 | 2,208,000,000 | 1,891,900,000 | 1,829,700,000 | 2,505,300,000 | 2,381,500,000 |
| net assets | -927,300,000 | -809,900,000 | -580,400,000 | -546,300,000 | -1,020,400,000 | -891,100,000 | -607,000,000 | -480,700,000 | -866,000,000 | -806,200,000 |
| total shareholders funds | -927,300,000 | -809,900,000 | -580,400,000 | -546,300,000 | -1,020,400,000 | -891,100,000 | -607,000,000 | -480,700,000 | -866,000,000 | -806,200,000 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 23,100,000 | 8,200,000 | 71,900,000 | -12,300,000 | 54,100,000 | -38,500,000 | 7,100,000 | 256,900,000 | 36,800,000 | -30,200,000 |
| Depreciation | 13,000,000 | 14,300,000 | 15,000,000 | 14,100,000 | 2,400,000 | 18,100,000 | 14,500,000 | 10,800,000 | 13,700,000 | 12,500,000 |
| Amortisation | 19,600,000 | 18,000,000 | 49,000,000 | 11,200,000 | 16,100,000 | 4,900,000 | 5,700,000 | 19,200,000 | 16,700,000 | |
| Tax | -8,700,000 | -13,100,000 | -19,300,000 | -8,300,000 | -13,400,000 | -5,600,000 | -9,900,000 | -2,500,000 | 16,700,000 | -15,100,000 |
| Stock | -400,000 | 700,000 | -100,000 | 100,000 | -200,000 | -200,000 | -100,000 | -800,000 | 1,700,000 | |
| Debtors | -42,700,000 | 126,800,000 | 8,800,000 | 12,400,000 | -12,500,000 | 38,400,000 | -54,000,000 | 56,600,000 | -8,600,000 | 70,000,000 |
| Creditors | -8,700,000 | 152,000,000 | -32,400,000 | 11,000,000 | 26,500,000 | 52,100,000 | -8,000,000 | -62,700,000 | 7,700,000 | 111,900,000 |
| Accruals and Deferred Income | -11,700,000 | -285,900,000 | 100,900,000 | -69,700,000 | -110,000,000 | 138,000,000 | -91,100,000 | -13,000,000 | -20,600,000 | 672,000,000 |
| Deferred Taxes & Provisions | -13,800,000 | -5,000,000 | -6,200,000 | -5,000,000 | -3,000,000 | 23,800,000 | 29,800,000 | -15,000,000 | -11,200,000 | 29,000,000 |
| Cash flow from operations | 55,500,000 | -237,900,000 | 169,400,000 | -71,300,000 | -31,000,000 | 165,800,000 | 1,500,000 | 123,700,000 | 71,700,000 | 725,100,000 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -5,700,000 | -11,900,000 | -5,500,000 | -16,300,000 | -8,000,000 | -46,900,000 | -15,400,000 | -10,300,000 | -3,200,000 | 229,400,000 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 6,200,000 | 26,600,000 | -44,500,000 | 41,300,000 | 2,700,000 | -7,400,000 | 3,700,000 | -21,400,000 | 5,300,000 | 20,300,000 |
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | -3,100,000 | 224,600,000 | 3,600,000 | |||||||
| Long term loans | 231,800,000 | 358,800,000 | 209,400,000 | -1,071,200,000 | 1,651,000,000 | 127,000,000 | 144,200,000 | -544,200,000 | 101,400,000 | 1,562,800,000 |
| Hire Purchase and Lease Commitments | -200,000 | -500,000 | -200,000 | 900,000 | ||||||
| other long term liabilities | -100,000 | -17,800,000 | 17,000,000 | -6,400,000 | -1,500,000 | -26,800,000 | 35,600,000 | |||
| share issue | ||||||||||
| interest | -131,100,000 | -120,300,000 | -112,400,000 | -111,300,000 | -174,500,000 | -163,300,000 | -139,900,000 | -109,400,000 | -143,400,000 | -126,700,000 |
| cash flow from financing | 109,300,000 | 411,500,000 | 60,900,000 | -562,300,000 | 1,511,800,000 | -146,000,000 | 12,700,000 | -473,400,000 | 19,400,000 | 815,800,000 |
| cash and cash equivalents | ||||||||||
| cash | 19,900,000 | -47,600,000 | 126,600,000 | -54,300,000 | -77,200,000 | -62,100,000 | 67,100,000 | 31,200,000 | 61,000,000 | 485,600,000 |
| overdraft | -17,600,000 | 17,600,000 | ||||||||
| change in cash | 19,900,000 | -30,000,000 | 109,000,000 | -54,300,000 | -77,200,000 | -62,100,000 | 67,100,000 | 31,200,000 | 61,000,000 | 485,600,000 |
travelex holdings limited Credit Report and Business Information
Travelex Holdings Limited Competitor Analysis
Perform a competitor analysis for travelex holdings limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in LS1 area or any other competitors across 12 key performance metrics.
travelex holdings limited Ownership
TRAVELEX HOLDINGS LIMITED group structure
Travelex Holdings Limited has no subsidiary companies.
Ultimate parent company
BRS INVESTMENT HOLDINGS 1 LTD
#0115483
FINABLR LTD
#0119338
2 parents
TRAVELEX HOLDINGS LIMITED
05356574
travelex holdings limited directors
Travelex Holdings Limited currently has 2 directors. The longest serving directors include Mr James Birch (Feb 2015) and Promoth Manghat (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Birch | England | 60 years | Feb 2015 | - | Director |
| Promoth Manghat | United Kingdom | 47 years | Nov 2019 | - | Director |
P&L
December 2018turnover
729.5m
+1%
operating profit
23.1m
+182%
gross margin
39.2%
+3.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-927.3m
+0.14%
total assets
1.3b
-0.02%
cash
550.2m
+0.04%
net assets
Total assets minus all liabilities
travelex holdings limited company details
company number
05356574
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2005
age
20
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2018
previous names
trapax payments limited (May 2006)
the owls limited (February 2005)
accountant
-
auditor
ERNST & YOUNG LLP
address
central square, 29 wellington street, leeds, england, LS1 4DL
Bank
-
Legal Advisor
BERWIN LEIGHTON PAISNER LLP
travelex holdings 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 did not find charges/mortgages relating to travelex holdings limited.
travelex holdings limited Capital Raised & Share Issues BETA
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travelex holdings limited Companies House Filings - See Documents
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