reed & mackay holdings limited
reed & mackay holdings limited Company Information
Company Number
05577881
Next Accounts
Oct 2025
Shareholders
navan inc.
Group Structure
View All
Industry
Travel agency activities
Registered Address
nexus place, 25 farringdon street, london, EC4A 4AF
Website
www.reedmackay.comreed & mackay holdings limited Estimated Valuation
Pomanda estimates the enterprise value of REED & MACKAY HOLDINGS LIMITED at £328.6m based on a Turnover of £94.9m and 3.46x industry multiple (adjusted for size and gross margin).
reed & mackay holdings limited Estimated Valuation
Pomanda estimates the enterprise value of REED & MACKAY HOLDINGS LIMITED at £211.8m based on an EBITDA of £12.5m and a 16.94x industry multiple (adjusted for size and gross margin).
reed & mackay holdings limited Estimated Valuation
Pomanda estimates the enterprise value of REED & MACKAY HOLDINGS LIMITED at £148.7m based on Net Assets of £76.5m and 1.94x industry multiple (adjusted for liquidity).
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Reed & Mackay Holdings Limited Overview
Reed & Mackay Holdings Limited is a live company located in london, EC4A 4AF with a Companies House number of 05577881. It operates in the travel agency activities sector, SIC Code 79110. Founded in September 2005, it's largest shareholder is navan inc. with a 100% stake. Reed & Mackay Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £94.9m with rapid growth in recent years.
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Reed & Mackay Holdings Limited Health Check
Pomanda's financial health check has awarded Reed & Mackay Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £94.9m, make it larger than the average company (£12.9m)
£94.9m - Reed & Mackay Holdings Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 72%, show it is growing at a faster rate (30.7%)
72% - Reed & Mackay Holdings Limited
30.7% - Industry AVG
Production
with a gross margin of 59.7%, this company has a lower cost of product (23.3%)
59.7% - Reed & Mackay Holdings Limited
23.3% - Industry AVG
Profitability
an operating margin of 6.8% make it more profitable than the average company (4.3%)
6.8% - Reed & Mackay Holdings Limited
4.3% - Industry AVG
Employees
with 1027 employees, this is above the industry average (35)
1027 - Reed & Mackay Holdings Limited
35 - Industry AVG
Pay Structure
on an average salary of £59.5k, the company has a higher pay structure (£44.5k)
£59.5k - Reed & Mackay Holdings Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £92.4k, this is less efficient (£322.4k)
£92.4k - Reed & Mackay Holdings Limited
£322.4k - Industry AVG
Debtor Days
it gets paid by customers after 291 days, this is later than average (26 days)
291 days - Reed & Mackay Holdings Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 397 days, this is slower than average (26 days)
397 days - Reed & Mackay Holdings Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Reed & Mackay Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (26 weeks)
14 weeks - Reed & Mackay Holdings Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.7%, this is a lower level of debt than the average (78.3%)
51.7% - Reed & Mackay Holdings Limited
78.3% - Industry AVG
REED & MACKAY HOLDINGS LIMITED financials
Reed & Mackay Holdings Limited's latest turnover from January 2024 is £94.9 million and the company has net assets of £76.5 million. According to their latest financial statements, Reed & Mackay Holdings Limited has 1,027 employees and maintains cash reserves of £22.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 94,888,000 | 69,743,000 | 26,508,000 | 18,551,000 | 81,693,000 | 71,887,000 | 44,301,000 | 36,791,000 | 33,147,000 | 30,013,000 | 25,845,000 | 23,521,000 | 21,548,000 | 19,135,000 | 16,085,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 38,273,000 | 30,372,000 | |||||||||||||
| Gross Profit | 56,615,000 | 39,371,000 | |||||||||||||
| Admin Expenses | 50,146,000 | 40,316,000 | |||||||||||||
| Operating Profit | 6,469,000 | -945,000 | -12,532,000 | -21,795,000 | 8,324,000 | 14,100,000 | 10,454,000 | 10,118,000 | 10,988,000 | 8,960,000 | 6,897,000 | 5,486,000 | 4,169,000 | 4,028,000 | 3,499,000 |
| Interest Payable | 339,000 | 31,000 | 162,000 | 1,612,000 | 1,492,000 | 1,328,000 | 1,000 | 9,000 | 20,000 | 20,000 | 21,000 | 58,000 | 1,144,000 | 1,125,000 | |
| Interest Receivable | 88,000 | 8,000 | 1,000 | 15,000 | 36,000 | 14,000 | 2,000 | 15,000 | 28,000 | 22,000 | 23,000 | 16,000 | 248,000 | 21,000 | 17,000 |
| Pre-Tax Profit | 6,218,000 | -968,000 | -7,859,000 | -23,392,000 | 6,868,000 | 12,786,000 | 10,456,000 | 10,132,000 | 11,007,000 | 8,962,000 | 6,900,000 | 5,481,000 | 4,359,000 | 2,905,000 | 2,391,000 |
| Tax | -1,810,000 | 2,279,000 | 1,245,000 | 1,365,000 | -2,970,000 | -1,733,000 | -978,000 | -1,909,000 | -2,045,000 | -1,629,000 | -1,334,000 | -1,055,000 | -285,000 | -1,194,000 | -783,000 |
| Profit After Tax | 4,408,000 | 1,311,000 | -6,614,000 | -22,027,000 | 3,898,000 | 11,053,000 | 9,478,000 | 8,223,000 | 8,962,000 | 7,333,000 | 5,566,000 | 4,426,000 | 4,074,000 | 1,711,000 | 1,608,000 |
| Dividends Paid | 4,546,000 | ||||||||||||||
| Retained Profit | 4,408,000 | 1,311,000 | -6,614,000 | -22,027,000 | 3,898,000 | 11,053,000 | 4,932,000 | 8,223,000 | 8,962,000 | 7,333,000 | 5,566,000 | 4,426,000 | 4,074,000 | 1,711,000 | 1,608,000 |
| Employee Costs | 61,094,000 | 45,833,000 | 21,011,000 | 29,225,000 | 46,736,000 | 38,600,000 | 22,679,000 | 18,217,000 | 15,915,000 | 15,016,000 | 13,095,000 | 12,622,000 | 11,584,000 | 10,236,000 | 8,864,000 |
| Number Of Employees | 1,027 | 887 | 551 | 740 | 1,000 | 888 | 565 | 417 | 373 | 360 | 334 | 324 | 296 | 255 | 218 |
| EBITDA* | 12,502,000 | 5,022,000 | -6,941,000 | -14,965,000 | 16,081,000 | 19,622,000 | 12,433,000 | 11,222,000 | 12,122,000 | 10,222,000 | 8,110,000 | 6,742,000 | 5,413,000 | 5,155,000 | 4,409,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 590,000 | 1,027,000 | 701,000 | 1,198,000 | 2,296,000 | 2,482,000 | 1,432,000 | 621,000 | 454,000 | 555,000 | 694,000 | 824,000 | 960,000 | 1,060,000 | 413,000 |
| Intangible Assets | 39,931,000 | 43,972,000 | 44,252,000 | 52,064,000 | 56,758,000 | 56,633,000 | 17,893,000 | 6,851,000 | 7,216,000 | 7,961,000 | 8,705,000 | 9,450,000 | 10,194,000 | 10,939,000 | 11,684,000 |
| Investments & Other | 63,000 | 101,000 | 101,000 | 118,000 | 97,000 | ||||||||||
| Debtors (Due After 1 year) | 18,330,000 | 10,739,000 | 6,753,000 | 2,043,000 | |||||||||||
| Total Fixed Assets | 40,584,000 | 44,999,000 | 44,953,000 | 53,363,000 | 59,155,000 | 59,233,000 | 19,422,000 | 7,472,000 | 7,670,000 | 26,846,000 | 20,138,000 | 17,027,000 | 13,197,000 | 11,999,000 | 12,097,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 75,775,000 | 63,827,000 | 21,028,000 | 4,255,000 | 12,963,000 | 29,267,000 | 21,284,000 | 14,522,000 | 12,924,000 | 13,543,000 | 11,734,000 | 10,425,000 | 10,809,000 | 9,666,000 | 6,941,000 |
| Group Debtors | 19,000 | 36,607,000 | 25,389,000 | 29,677,000 | 26,747,000 | 24,022,000 | 38,040,000 | 27,851,000 | |||||||
| Misc Debtors | 19,445,000 | 12,287,000 | 6,875,000 | 3,477,000 | 16,535,000 | 10,942,000 | 7,228,000 | 4,319,000 | 4,997,000 | 2,650,000 | 4,548,000 | 2,686,000 | 2,168,000 | 2,297,000 | 1,362,000 |
| Cash | 22,570,000 | 17,332,000 | 15,852,000 | 27,677,000 | 23,718,000 | 30,070,000 | 16,016,000 | 14,379,000 | 15,709,000 | 14,778,000 | 13,379,000 | 8,551,000 | 7,025,000 | 5,682,000 | 5,084,000 |
| misc current assets | |||||||||||||||
| total current assets | 117,790,000 | 93,465,000 | 80,362,000 | 60,798,000 | 82,893,000 | 97,026,000 | 68,550,000 | 71,260,000 | 61,481,000 | 30,971,000 | 29,661,000 | 21,662,000 | 20,002,000 | 17,645,000 | 13,387,000 |
| total assets | 158,374,000 | 138,464,000 | 125,315,000 | 114,161,000 | 142,048,000 | 156,259,000 | 87,972,000 | 78,732,000 | 69,151,000 | 57,817,000 | 49,799,000 | 38,689,000 | 33,199,000 | 29,644,000 | 25,484,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | 1,126,000 | 1,435,000 | 1,300,000 | 711,000 | |||||||||||
| Trade Creditors | 41,724,000 | 33,725,000 | 19,150,000 | 12,317,000 | 7,683,000 | 35,600,000 | 21,317,000 | 17,931,000 | 15,088,000 | 15,288,000 | 14,267,000 | 11,328,000 | 11,401,000 | 9,908,000 | 8,266,000 |
| Group/Directors Accounts | 9,888,000 | 9,963,000 | 52,992,000 | 41,956,000 | 40,382,000 | 38,891,000 | 1,529,000 | 7,918,000 | 7,916,000 | 7,916,000 | |||||
| other short term finances | 303,000 | 2,831,000 | 727,000 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 27,422,000 | 19,034,000 | 9,889,000 | 10,477,000 | 23,489,000 | 15,259,000 | 10,009,000 | 7,278,000 | 8,782,000 | 6,233,000 | 6,599,000 | 4,112,000 | 2,975,000 | 4,339,000 | 3,513,000 |
| total current liabilities | 80,463,000 | 64,157,000 | 83,331,000 | 65,461,000 | 71,554,000 | 89,750,000 | 32,855,000 | 33,127,000 | 31,786,000 | 29,437,000 | 20,866,000 | 15,440,000 | 14,376,000 | 17,078,000 | 12,506,000 |
| loans | 70,000 | 358,000 | 7,917,000 | 7,916,000 | 7,916,000 | 6,328,000 | 8,893,000 | ||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 637,000 | 195,000 | |||||||||||||
| other liabilities | 536,000 | 334,000 | 277,000 | 2,633,000 | |||||||||||
| provisions | 1,368,000 | 2,458,000 | 4,975,000 | 4,488,000 | 4,520,000 | 4,341,000 | 1,625,000 | 244,000 | 177,000 | 147,000 | 117,000 | ||||
| total long term liabilities | 1,438,000 | 2,816,000 | 4,975,000 | 5,024,000 | 4,854,000 | 4,618,000 | 4,258,000 | 244,000 | 177,000 | 147,000 | 8,034,000 | 7,916,000 | 7,916,000 | 6,965,000 | 9,088,000 |
| total liabilities | 81,901,000 | 66,973,000 | 88,306,000 | 70,485,000 | 76,408,000 | 94,368,000 | 37,113,000 | 33,371,000 | 31,963,000 | 29,584,000 | 28,900,000 | 23,356,000 | 22,292,000 | 24,043,000 | 21,594,000 |
| net assets | 76,473,000 | 71,491,000 | 37,009,000 | 43,676,000 | 65,640,000 | 61,891,000 | 50,859,000 | 45,361,000 | 37,188,000 | 28,233,000 | 20,899,000 | 15,333,000 | 10,907,000 | 5,601,000 | 3,890,000 |
| total shareholders funds | 76,473,000 | 71,491,000 | 37,009,000 | 43,676,000 | 65,640,000 | 61,891,000 | 50,859,000 | 45,361,000 | 37,188,000 | 28,233,000 | 20,899,000 | 15,333,000 | 10,907,000 | 5,601,000 | 3,890,000 |
| Jan 2024 | Jan 2023 | Jan 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 6,469,000 | -945,000 | -12,532,000 | -21,795,000 | 8,324,000 | 14,100,000 | 10,454,000 | 10,118,000 | 10,988,000 | 8,960,000 | 6,897,000 | 5,486,000 | 4,169,000 | 4,028,000 | 3,499,000 |
| Depreciation | 462,000 | 650,000 | 746,000 | 1,178,000 | 1,410,000 | 942,000 | 539,000 | 359,000 | 389,000 | 518,000 | 468,000 | 512,000 | 499,000 | 382,000 | 166,000 |
| Amortisation | 5,571,000 | 5,317,000 | 4,845,000 | 5,652,000 | 6,347,000 | 4,580,000 | 1,440,000 | 745,000 | 745,000 | 744,000 | 745,000 | 744,000 | 745,000 | 745,000 | 744,000 |
| Tax | -1,810,000 | 2,279,000 | 1,245,000 | 1,365,000 | -2,970,000 | -1,733,000 | -978,000 | -1,909,000 | -2,045,000 | -1,629,000 | -1,334,000 | -1,055,000 | -285,000 | -1,194,000 | -783,000 |
| Stock | |||||||||||||||
| Debtors | 19,087,000 | 11,623,000 | 31,389,000 | -26,054,000 | -7,781,000 | 14,422,000 | -4,347,000 | 11,109,000 | 11,249,000 | 7,502,000 | 7,157,000 | 4,844,000 | 3,057,000 | 3,660,000 | 8,303,000 |
| Creditors | 7,999,000 | 14,575,000 | 6,833,000 | 4,634,000 | -27,917,000 | 14,283,000 | 3,386,000 | 2,843,000 | -200,000 | 1,021,000 | 2,939,000 | -73,000 | 1,493,000 | 1,642,000 | 8,266,000 |
| Accruals and Deferred Income | 8,388,000 | 9,145,000 | -588,000 | -13,012,000 | 8,230,000 | 5,250,000 | 2,731,000 | -1,504,000 | 2,549,000 | -366,000 | 2,487,000 | 1,137,000 | -2,001,000 | 1,268,000 | 3,708,000 |
| Deferred Taxes & Provisions | -1,090,000 | -2,517,000 | 487,000 | -32,000 | 179,000 | 2,716,000 | 1,381,000 | 67,000 | 30,000 | 30,000 | 117,000 | ||||
| Cash flow from operations | 6,902,000 | 16,881,000 | -30,353,000 | 4,044,000 | 1,384,000 | 25,716,000 | 23,300,000 | -390,000 | 1,207,000 | 1,776,000 | 5,162,000 | 1,907,000 | 1,563,000 | 3,211,000 | 7,297,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -7,880,000 | -734,000 | -11,082,000 | -9,809,000 | -7,970,000 | -338,000 | -396,000 | -399,000 | -1,050,000 | -405,000 | |||||
| Change in Investments | 63,000 | -101,000 | -17,000 | 21,000 | 97,000 | ||||||||||
| cash flow from investments | -63,000 | 101,000 | 17,000 | -7,901,000 | -831,000 | -11,082,000 | -9,809,000 | -7,970,000 | -338,000 | -396,000 | -399,000 | -1,050,000 | -405,000 | ||
| Financing Activities | |||||||||||||||
| Bank loans | -309,000 | 135,000 | 589,000 | 711,000 | |||||||||||
| Group/Directors Accounts | -75,000 | -43,029,000 | 11,036,000 | 1,574,000 | 1,491,000 | 37,362,000 | -6,389,000 | 2,000 | 7,916,000 | ||||||
| Other Short Term Loans | 303,000 | -2,831,000 | 2,104,000 | 727,000 | |||||||||||
| Long term loans | -288,000 | 358,000 | -7,917,000 | 1,000 | 1,588,000 | -2,565,000 | 8,893,000 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -536,000 | 202,000 | 57,000 | -2,356,000 | 2,633,000 | ||||||||||
| share issue | |||||||||||||||
| interest | -251,000 | -23,000 | -161,000 | -1,597,000 | -1,456,000 | -1,314,000 | 2,000 | 14,000 | 19,000 | 2,000 | 3,000 | -5,000 | 190,000 | -1,123,000 | -1,108,000 |
| cash flow from financing | -46,000 | -9,388,000 | 10,875,000 | 953,000 | -57,000 | 33,671,000 | -3,188,000 | -34,000 | 12,000 | 2,000 | 4,000 | -5,000 | 179,000 | -1,584,000 | 10,794,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 5,238,000 | 1,480,000 | -11,825,000 | 3,959,000 | -6,352,000 | 14,054,000 | 1,637,000 | -1,330,000 | 931,000 | 1,399,000 | 4,828,000 | 1,526,000 | 1,343,000 | 598,000 | 5,084,000 |
| overdraft | |||||||||||||||
| change in cash | 5,238,000 | 1,480,000 | -11,825,000 | 3,959,000 | -6,352,000 | 14,054,000 | 1,637,000 | -1,330,000 | 931,000 | 1,399,000 | 4,828,000 | 1,526,000 | 1,343,000 | 598,000 | 5,084,000 |
reed & mackay holdings limited Credit Report and Business Information
Reed & Mackay Holdings Limited Competitor Analysis
Perform a competitor analysis for reed & mackay holdings limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC4A area or any other competitors across 12 key performance metrics.
reed & mackay holdings limited Ownership
REED & MACKAY HOLDINGS LIMITED group structure
Reed & Mackay Holdings Limited has 6 subsidiary companies.
Ultimate parent company
NAVAN INC
#0111052
1 parent
REED & MACKAY HOLDINGS LIMITED
05577881
6 subsidiaries
reed & mackay holdings limited directors
Reed & Mackay Holdings Limited currently has 2 directors. The longest serving directors include Mr Frederick Stratford (Mar 2012) and Mr Guy Bennett (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Frederick Stratford | 62 years | Mar 2012 | - | Director | |
| Mr Guy Bennett | United Kingdom | 44 years | Jan 2022 | - | Director |
P&L
January 2024turnover
94.9m
+36%
operating profit
6.5m
-785%
gross margin
59.7%
+5.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
76.5m
+0.07%
total assets
158.4m
+0.14%
cash
22.6m
+0.3%
net assets
Total assets minus all liabilities
reed & mackay holdings limited company details
company number
05577881
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
September 2005
age
20
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
January 2024
previous names
pimco 2362 limited (December 2005)
accountant
-
auditor
DELOITTE LLP
address
nexus place, 25 farringdon street, london, EC4A 4AF
Bank
-
Legal Advisor
-
reed & mackay 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 found 20 charges/mortgages relating to reed & mackay holdings limited. Currently there are 6 open charges and 14 have been satisfied in the past.
reed & mackay holdings limited Capital Raised & Share Issues BETA
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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reed & mackay holdings limited Companies House Filings - See Documents
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