Ace Point Travel Limited

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ace point travel limited Company Information

Live (In Liquidation)

MatureSmallHealthy

Company Number

05536230

Next Accounts

1399 days late

Industry

Travel agency activities

Directors

Shareholders

mr sajad akhtar

mr bilal ashraf

Group Structure

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Contact

Registered Address

66 earl street, maidstone, kent, ME14 1PS

Website

www.acepointtravel.co.uk

ace point travel limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of ACE POINT TRAVEL LIMITED at £1.4m based on a Turnover of £1.9m and 0.72x industry multiple (adjusted for size and gross margin).

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Ace Point Travel Limited is a live company located in kent, ME14 1PS with a Companies House number of 05536230. It operates in the travel agency activities sector, SIC Code 79110. Founded in August 2005, it's largest shareholder is mr sajad akhtar with a 51% stake. Ace Point Travel Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ace Point Travel Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£9.1m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (3.9%)

EXPORT

Ace Point Travel Limited's latest turnover from March 2019 is estimated at £1.9 million and the company has net assets of £40.6 thousand. According to their latest financial statements, Ace Point Travel Limited has 3 employees and maintains cash reserves of £77.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,946,757	2,176,031	2,231,293	1,708,940	3,135,801	2,731,526	2,940,754	2,724,318	2,543,704	2,729,331
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,578,791	1,768,623	1,845,163	1,428,460	2,619,616	2,316,074	2,483,969	2,345,395	2,215,258	2,389,957
Gross Profit	367,966	407,407	386,130	280,480	516,185	415,452	456,785	378,923	328,446	339,374
Admin Expenses	363,189	428,547	391,302	266,945	513,366	402,693	453,999	379,555	323,968	339,341
Operating Profit	4,777	-21,140	-5,172	13,535	2,819	12,759	2,786	-632	4,478	33
Interest Payable	5,872	3,128	0	0	0	0	0	0	0	0
Interest Receivable	750	593	207	421	574	551	409	196	212	155
Pre-Tax Profit	-345	-23,676	-4,965	13,956	3,392	13,310	3,195	-436	4,690	188
Tax	0	0	0	-2,791	-712	-3,061	-767	0	-1,313	-52
Profit After Tax	-345	-23,676	-4,965	11,165	2,680	10,249	2,428	-436	3,377	135
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-345	-23,676	-4,965	11,165	2,680	10,249	2,428	-436	3,377	135
Employee Costs	101,236	99,389	94,970	91,346	349,560	314,654	309,517	278,978	225,595	295,008
Number Of Employees	3	3	3	3	12	11	11	10	8	11
EBITDA*	5,433	-20,320	-4,147	14,729	5,161	15,133	8,757	9,169	14,626	10,652

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,624	3,280	4,100	4,775	5,969	6,096	6,891	12,012	20,197	28,880
Intangible Assets	0	0	0	0	0	850	1,700	2,550	3,400	4,250
Investments & Other	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
Total Fixed Assets	2,624	3,280	4,100	4,775	5,969	6,946	8,591	14,562	23,597	33,130
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	215,975	221,881	199,859	159,334	235,337	179,011	183,851	183,455	172,303	178,880
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	89,388	71,437	52,789	69,402	0	0	0	39,678	96,750	0
Cash	77,072	122,933	114,224	51,413	116,923	112,554	107,967	55,604	22,872	61,981
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	382,435	416,251	366,872	280,149	352,260	291,565	291,818	278,737	291,925	240,861
total assets	385,059	419,531	370,972	284,924	358,229	298,511	300,409	293,299	315,522	273,991
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	251,292	268,546	298,557	205,108	299,796	242,758	254,905	250,223	272,010	233,856
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	20,065	18,545	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	15,439	13,768	7,782	10,218	0	0	0	0	0	0
total current liabilities	286,796	300,859	306,339	215,326	299,796	242,758	254,905	250,223	272,010	233,856
loans	57,651	77,715	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	57,651	77,715	0	0	0	0	0	0	0	0
total liabilities	344,447	378,574	306,339	215,326	299,796	242,758	254,905	250,223	272,010	233,856
net assets	40,612	40,957	64,633	69,598	58,433	55,753	45,504	43,076	43,512	40,135
total shareholders funds	40,612	40,957	64,633	69,598	58,433	55,753	45,504	43,076	43,512	40,135

	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	4,777	-21,140	-5,172	13,535	2,819	12,759	2,786	-632	4,478	33
Depreciation	656	820	1,025	1,194	1,492	1,524	5,121	8,951	9,298	9,769
Amortisation	0	0	0	0	850	850	850	850	850	850
Tax	0	0	0	-2,791	-712	-3,061	-767	0	-1,313	-52
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	12,045	40,670	23,912	-6,601	56,326	-4,840	-39,282	-45,920	90,173	178,880
Creditors	-17,254	-30,011	93,449	-94,688	57,038	-12,147	4,682	-21,787	38,154	233,856
Accruals and Deferred Income	1,671	5,986	-2,436	10,218	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-22,195	-85,015	62,954	-65,931	5,161	4,765	51,954	33,302	-38,706	65,576
Investing Activities
capital expenditure	0	0	-350	0	-1,365	-729	0	-766	-615	-43,749
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-350	0	-1,365	-729	0	-766	-615	-43,749
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	1,520	18,545	0	0	0	0	0	0	0	0
Long term loans	-20,064	77,715	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	40,000
interest	-5,122	-2,535	207	421	574	551	409	196	212	155
cash flow from financing	-23,666	93,725	207	421	574	551	409	196	212	40,155
cash and cash equivalents
cash	-45,861	8,709	62,811	-65,510	4,369	4,587	52,363	32,732	-39,109	61,981
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	-45,861	8,709	62,811	-65,510	4,369	4,587	52,363	32,732	-39,109	61,981

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ace point travel limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in ME14 area or any other competitors across 12 key performance metrics.

ACE POINT TRAVEL LIMITED group structure

Ace Point Travel Limited has no subsidiary companies.

Ultimate parent company

ACE POINT TRAVEL LIMITED

05536230

ACE POINT TRAVEL LIMITED Shareholders

mr sajad akhtar	51%
mr bilal ashraf	49%

Ace Point Travel Limited currently has 1 director, undefined undefined serving since - .

officer	country	age	start	end	role

P&L

March 2019

turnover

1.9m

-11%

operating profit

4.8k

gross margin

19%

+0.96%

turnover

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

Balance Sheet

March 2019

net assets

40.6k

-0.01%

total assets

385.1k

-0.08%

cash

77.1k

-0.37%

net assets

Total assets minus all liabilities

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company number

05536230

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

August 2005

ultimate parent company

None

previous names

N/A

address

66 earl street, maidstone, kent, ME14 1PS

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 2 charges/mortgages relating to ace point travel limited. Currently there are 2 open charges and 0 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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ace point travel limited Company Information

ace point travel limited Estimated Valuation

ace point travel limited Estimated Valuation

ace point travel limited Estimated Valuation

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