Direct Travel Uk Ltd

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direct travel uk ltd Company Information

Live

EstablishedSmallHealthy

Company Number

05422469

Website

www.directtraveluk.com

Registered Address

18 kingswood avenue, hitchin, SG4 0PA

Industry

Taxi operation

Telephone

Next Accounts Due

January 2025

Group Structure

View All

Directors

Jaspal Binag15 Years

Shareholders

jaspal binag 100%

direct travel uk ltd Estimated Valuation

£193.7k

Pomanda estimates the enterprise value of DIRECT TRAVEL UK LTD at £193.7k based on Net Assets of £78.8k and 2.46x industry multiple (adjusted for liquidity).

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Direct Travel Uk Ltd is a live company located in hitchin, SG4 0PA with a Companies House number of 05422469. It operates in the taxi operation sector, SIC Code 49320. Founded in April 2005, it's largest shareholder is jaspal binag with a 100% stake. Direct Travel Uk Ltd is a established, small sized company, Pomanda has estimated its turnover at £588.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Direct Travel Uk Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £588.3k, make it larger than the average company (£338.1k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.5%)

EXPORT

Direct Travel Uk Ltd's latest turnover from April 2023 is estimated at £588.3 thousand and the company has net assets of £78.8 thousand. According to their latest financial statements, Direct Travel Uk Ltd has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	588,307	539,950	621,347	431,967	675,241	558,697	576,064	380,401	262,102	180,889	231,665	258,455	136,599	128,666
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	449,814	398,361	446,005	287,072	504,272	361,860	366,048	264,964	188,958	129,009	169,757	183,384	91,551	83,650
Gross Profit	138,494	141,589	175,341	144,895	170,970	196,837	210,017	115,437	73,144	51,880	61,907	75,071	45,048	45,016
Admin Expenses	116,179	121,319	152,304	139,312	187,614	213,743	203,830	104,133	49,921	10,615	73,316	135,434	18,071	-9,429
Operating Profit	22,315	20,270	23,037	5,583	-16,644	-16,906	6,187	11,304	23,223	41,265	-11,409	-60,363	26,977	54,445
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	56	588	812	593	438	573	732	339
Pre-Tax Profit	22,315	20,270	23,037	5,583	-16,644	-16,906	6,243	11,893	24,035	41,858	-10,971	-59,790	27,708	54,783
Tax	-5,579	-3,851	-4,377	-1,061	0	0	-1,186	-2,378	-4,807	-8,790	0	0	-7,204	-15,339
Profit After Tax	16,736	16,419	18,660	4,522	-16,644	-16,906	5,057	9,514	19,228	33,068	-10,971	-59,790	20,504	39,444
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	16,736	16,419	18,660	4,522	-16,644	-16,906	5,057	9,514	19,228	33,068	-10,971	-59,790	20,504	39,444
Employee Costs	168,096	192,593	188,500	178,630	168,776	153,333	155,875	74,750	48,566	55,336	45,494	47,558	37,544	27,433
Number Of Employees	8	8	8	8	8	8	8	4	2	2	2	2	2	1
EBITDA*	22,315	20,270	23,037	5,583	-16,644	-16,906	6,187	45,847	44,717	46,997	-4,724	-55,146	48,549	75,246

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	26,731	21,703	11,246	16,708	13,113	39,477	81,468	79,417	56,107	11,441	8,677	12,426	6,113	17,225
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	26,731	21,703	11,246	16,708	13,113	39,477	81,468	79,417	56,107	11,441	8,677	12,426	6,113	17,225
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	118,704	117,887	150,598	99,838	160,121	110,511	109,469	44,067	15,678	15,942	18,376	34,941	11,576	11,620
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	46,695	38,414	10,765	10,256	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	44,862	190,461	134,376	102,738	72,297	157,072	135,529
misc current assets	0	0	0	0	10,600	10,435	0	0	0	0	0	0	0	0
total current assets	165,399	156,301	161,363	110,094	170,721	120,946	109,469	88,929	206,139	150,318	121,114	107,238	168,648	147,149
total assets	192,130	178,004	172,609	126,802	183,834	160,423	190,937	168,346	262,246	161,759	129,791	119,664	174,761	164,374
Bank overdraft	0	0	0	0	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	0
Trade Creditors	113,289	115,899	126,923	99,776	161,330	121,275	134,883	117,348	220,762	139,503	140,603	119,505	114,812	124,929
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	113,289	115,899	126,923	99,776	161,330	121,275	134,883	117,348	220,762	139,503	140,603	119,505	114,812	124,929
loans	0	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	0
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	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	113,289	115,899	126,923	99,776	161,330	121,275	134,883	117,348	220,762	139,503	140,603	119,505	114,812	124,929
net assets	78,841	62,105	45,686	27,026	22,504	39,148	56,054	50,998	41,484	22,256	-10,812	159	59,949	39,445
total shareholders funds	78,841	62,105	45,686	27,026	22,504	39,148	56,054	50,998	41,484	22,256	-10,812	159	59,949	39,445

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	22,315	20,270	23,037	5,583	-16,644	-16,906	6,187	11,304	23,223	41,265	-11,409	-60,363	26,977	54,445
Depreciation	0	0	0	0	0	0	0	34,543	21,494	5,732	6,685	5,217	21,572	20,801
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-5,579	-3,851	-4,377	-1,061	0	0	-1,186	-2,378	-4,807	-8,790	0	0	-7,204	-15,339
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	9,098	-5,062	51,269	-50,027	49,610	1,042	65,402	28,389	-264	-2,434	-16,565	23,365	-44	11,620
Creditors	-2,610	-11,024	27,147	-61,554	40,055	-13,608	17,535	-103,414	81,259	-1,100	21,098	4,693	-10,117	124,929
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	5,028	10,457	-5,462	-7,005	-26,199	-31,556	-42,866	-88,334	121,433	39,541	32,939	-73,818	31,272	173,216
Investing Activities
capital expenditure	-5,028	-10,457	5,462	-3,595	26,364	41,991	-2,051	-57,853	-66,160	-8,496	-2,936	-11,530	-10,460	-38,026
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,028	-10,457	5,462	-3,595	26,364	41,991	-2,051	-57,853	-66,160	-8,496	-2,936	-11,530	-10,460	-38,026
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	0	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-1	0	0	0	0	0	0	1
interest	0	0	0	0	0	0	56	588	812	593	438	573	732	339
cash flow from financing	0	0	0	0	0	0	55	588	812	593	438	573	732	340
cash and cash equivalents
cash	0	0	0	0	0	0	-44,862	-145,599	56,085	31,638	30,441	-84,775	21,543	135,529
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-44,862	-145,599	56,085	31,638	30,441	-84,775	21,543	135,529

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIRECT TRAVEL UK LTD group structure

Direct Travel Uk Ltd has no subsidiary companies.

Ultimate parent company

DIRECT TRAVEL UK LTD

05422469

DIRECT TRAVEL UK LTD Shareholders

jaspal binag

100%

Direct Travel Uk Ltd currently has 1 director, Jaspal Binag serving since Jun 2008.

officer	country	age	start	end	role
Jaspal Binag	England	48 years	Jun 2008	-	Director

P&L

April 2023

turnover

588.3k

+9%

operating profit

22.3k

gross margin

23.6%

-10.23%

turnover

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

Balance Sheet

April 2023

net assets

78.8k

+0.27%

total assets

192.1k

+0.08%

cash

net assets

Total assets minus all liabilities

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company number

05422469

Type

Private limited with Share Capital

industry

49320 - Taxi operation

incorporation date

April 2005

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

18 kingswood avenue, hitchin, SG4 0PA

last accounts submitted

April 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 direct travel uk ltd.

direct travel uk ltd Company Information

direct travel uk ltd Estimated Valuation

direct travel uk ltd Estimated Valuation

direct travel uk ltd Estimated Valuation

Direct Travel Uk Ltd Overview

Direct Travel Uk Ltd Health Check

DIRECT TRAVEL UK LTD financials

direct travel uk ltd Credit Report and Business Information

Direct Travel Uk Ltd Competitor Analysis

direct travel uk ltd Ownership

direct travel uk ltd directors

direct travel uk ltd company details

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