lowcosttravelgroup limited
lowcosttravelgroup limited Company Information
Company Number
06725806
Next Accounts
3143 days late
Shareholders
paul richard evans
albion income & growth vct plc
View AllGroup Structure
View All
Industry
Tour operator activities
+1Registered Address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Website
lowcosttravelgroup.comlowcosttravelgroup limited Estimated Valuation
Pomanda estimates the enterprise value of LOWCOSTTRAVELGROUP LIMITED at £305.2m based on a Turnover of £73.8m and 4.14x industry multiple (adjusted for size and gross margin).
lowcosttravelgroup limited Estimated Valuation
Pomanda estimates the enterprise value of LOWCOSTTRAVELGROUP LIMITED at £43.7m based on an EBITDA of £2.1m and a 20.48x industry multiple (adjusted for size and gross margin).
lowcosttravelgroup limited Estimated Valuation
Pomanda estimates the enterprise value of LOWCOSTTRAVELGROUP LIMITED at £28.4m based on Net Assets of £11.5m and 2.48x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Lowcosttravelgroup Limited Overview
Lowcosttravelgroup Limited is a live company located in london, EC2V 7BG with a Companies House number of 06725806. It operates in the travel agency activities sector, SIC Code 79110. Founded in October 2008, it's largest shareholder is paul richard evans with a 35% stake. Lowcosttravelgroup Limited is a established, large sized company, Pomanda has estimated its turnover at £73.8m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Lowcosttravelgroup Limited Health Check
Pomanda's financial health check has awarded Lowcosttravelgroup Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £73.8m, make it larger than the average company (£9.4m)
£73.8m - Lowcosttravelgroup Limited
£9.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (5.3%)
14% - Lowcosttravelgroup Limited
5.3% - Industry AVG
Production
with a gross margin of 74.5%, this company has a lower cost of product (16.5%)
74.5% - Lowcosttravelgroup Limited
16.5% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (2.5%)
-0.3% - Lowcosttravelgroup Limited
2.5% - Industry AVG
Employees
with 361 employees, this is above the industry average (61)
361 - Lowcosttravelgroup Limited
61 - Industry AVG
Pay Structure
on an average salary of £27.4k, the company has an equivalent pay structure (£28.6k)
£27.4k - Lowcosttravelgroup Limited
£28.6k - Industry AVG
Efficiency
resulting in sales per employee of £204.3k, this is less efficient (£306.7k)
£204.3k - Lowcosttravelgroup Limited
£306.7k - Industry AVG
Debtor Days
it gets paid by customers after 371 days, this is later than average (15 days)
371 days - Lowcosttravelgroup Limited
15 days - Industry AVG
Creditor Days
its suppliers are paid after 1713 days, this is slower than average (22 days)
1713 days - Lowcosttravelgroup Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Lowcosttravelgroup Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (29 weeks)
5 weeks - Lowcosttravelgroup Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.6%, this is a higher level of debt than the average (74.1%)
89.6% - Lowcosttravelgroup Limited
74.1% - Industry AVG
LOWCOSTTRAVELGROUP LIMITED financials
Lowcosttravelgroup Limited's latest turnover from October 2014 is £73.8 million and the company has net assets of £11.5 million. According to their latest financial statements, Lowcosttravelgroup Limited has 361 employees and maintains cash reserves of £10.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|
| Turnover | 73,758,606 | 49,137,651 | 54,908,033 | 49,603,807 | 27,054,286 | 18,998,747 |
| Other Income Or Grants | ||||||
| Cost Of Sales | 18,776,211 | 13,731,358 | 16,954,713 | 13,685,860 | 5,424,632 | 3,840,771 |
| Gross Profit | 54,982,395 | 35,406,293 | 37,953,320 | 35,917,947 | 21,629,654 | 15,157,976 |
| Admin Expenses | 55,192,627 | 39,002,656 | 39,359,479 | 36,199,040 | 19,904,817 | 14,544,470 |
| Operating Profit | -210,232 | -3,596,363 | -1,406,159 | -281,093 | 1,724,837 | 613,506 |
| Interest Payable | 101,236 | 55,651 | 51,021 | 43,614 | 51,210 | 39,233 |
| Interest Receivable | 264,264 | 260,578 | 63,069 | 26,794 | 26,391 | 46,226 |
| Pre-Tax Profit | -47,204 | 4,685,662 | 2,781,998 | 977,087 | 700,993 | 620,499 |
| Tax | -221,839 | 339,002 | 770,853 | -225,705 | -242,991 | -83,948 |
| Profit After Tax | -269,043 | 5,024,664 | 3,552,851 | 751,382 | 458,002 | 536,551 |
| Dividends Paid | ||||||
| Retained Profit | -269,043 | 5,024,664 | 3,552,851 | 751,382 | 458,002 | 536,551 |
| Employee Costs | 9,894,225 | 8,846,233 | 7,087,752 | 6,804,270 | 4,196,916 | 3,785,956 |
| Number Of Employees | 361 | 260 | 197 | 271 | 145 | 143 |
| EBITDA* | 2,135,429 | -1,517,510 | 145,731 | 1,894,276 | 3,154,128 | 2,085,705 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 5,692,180 | 4,256,372 | 3,161,558 | 2,778,785 | 2,092,030 | 2,442,100 |
| Intangible Assets | 1,416,665 | 1,407,584 | 1,232,803 | 1,402,774 | ||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | 1,340,501 | 1,340,501 | 1,340,501 | 2,716,945 | 2,724,843 | |
| Total Fixed Assets | 8,449,346 | 5,596,873 | 4,502,059 | 6,903,314 | 6,049,676 | 3,844,874 |
| Stock & work in progress | ||||||
| Trade Debtors | 75,086,451 | 28,472,502 | 31,109,962 | 28,928,391 | 15,713,718 | 13,503,150 |
| Group Debtors | ||||||
| Misc Debtors | 16,220,367 | 14,464,150 | 9,385,248 | 4,085,791 | 1,322,370 | 4,431,523 |
| Cash | 10,756,964 | 14,070,285 | 20,958,125 | 10,132,145 | 15,071,796 | 9,264,070 |
| misc current assets | 10,050,000 | 6,920,000 | 2,050,000 | 118,838 | ||
| total current assets | 102,063,782 | 57,006,937 | 71,503,335 | 50,066,327 | 34,157,884 | 27,317,581 |
| total assets | 110,513,128 | 62,603,810 | 76,005,394 | 56,969,641 | 40,207,560 | 31,162,455 |
| Bank overdraft | 235 | 165,545 | 83,250 | 96 | 24,572 | 5 |
| Bank loan | ||||||
| Trade Creditors | 88,166,557 | 45,563,769 | 55,234,062 | 44,120,820 | 33,414,436 | 24,835,530 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 31,314 | 37,217 | 25,091 | 28,929 | ||
| other current liabilities | 10,812,271 | 4,396,889 | 5,633,620 | 3,273,150 | 1,365,546 | 2,547,656 |
| total current liabilities | 99,010,377 | 50,163,420 | 60,976,023 | 47,422,995 | 34,804,554 | 27,383,191 |
| loans | 390,000 | 390,000 | 390,000 | 390,000 | 390,000 | |
| hp & lease commitments | 33,330 | 49,227 | 14,132 | 39,258 | ||
| Accruals and Deferred Income | ||||||
| other liabilities | 1,175,000 | 1,175,000 | 1,175,000 | |||
| provisions | ||||||
| total long term liabilities | 33,330 | 439,227 | 404,132 | 1,604,258 | 1,565,000 | 1,565,000 |
| total liabilities | 99,043,707 | 50,602,647 | 61,380,155 | 49,027,253 | 36,369,554 | 28,948,191 |
| net assets | 11,469,421 | 12,001,163 | 14,625,239 | 7,942,388 | 3,838,006 | 2,214,264 |
| total shareholders funds | 11,469,421 | 12,001,163 | 14,625,239 | 7,942,388 | 3,838,006 | 2,214,264 |
| Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -210,232 | -3,596,363 | -1,406,159 | -281,093 | 1,724,837 | 613,506 |
| Depreciation | 2,345,661 | 2,078,853 | 1,438,065 | 1,983,952 | 1,259,320 | 1,330,556 |
| Amortisation | 113,825 | 191,417 | 169,971 | 141,643 | ||
| Tax | -221,839 | 339,002 | 770,853 | -225,705 | -242,991 | -83,948 |
| Stock | ||||||
| Debtors | 48,370,166 | 2,441,442 | 6,104,584 | 15,970,196 | 1,826,258 | 17,934,673 |
| Creditors | 42,602,788 | -9,670,293 | 11,113,242 | 10,706,384 | 8,578,906 | 24,835,530 |
| Accruals and Deferred Income | 6,415,382 | -1,236,731 | 2,360,470 | 1,907,604 | -1,182,110 | 2,547,656 |
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | 2,561,594 | -14,526,974 | 8,285,712 | -1,687,637 | 8,481,675 | 11,450,270 |
| Investing Activities | ||||||
| capital expenditure | -3,277,567 | 4,192,209 | 649,030 | -4,553,905 | -1,793,510 | -3,763,368 |
| Change in Investments | ||||||
| cash flow from investments | -3,277,567 | 4,192,209 | 649,030 | -4,553,905 | -1,793,510 | -3,763,368 |
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -390,000 | 390,000 | ||||
| Hire Purchase and Lease Commitments | -21,800 | 47,221 | -28,964 | 68,187 | ||
| other long term liabilities | -1,175,000 | 1,175,000 | ||||
| share issue | ||||||
| interest | 163,028 | 204,927 | 12,048 | -16,820 | -24,819 | 6,993 |
| cash flow from financing | -511,471 | -7,396,592 | 1,938,084 | 3,404,367 | 1,140,921 | 3,249,706 |
| cash and cash equivalents | ||||||
| cash | -3,313,321 | -6,887,840 | 10,825,980 | -4,939,651 | 5,807,726 | 9,264,070 |
| overdraft | -165,310 | 82,295 | 83,154 | -24,476 | 24,567 | 5 |
| change in cash | -3,148,011 | -6,970,135 | 10,742,826 | -4,915,175 | 5,783,159 | 9,264,065 |
lowcosttravelgroup limited Credit Report and Business Information
Lowcosttravelgroup Limited Competitor Analysis
Perform a competitor analysis for lowcosttravelgroup limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in EC2V area or any other competitors across 12 key performance metrics.
lowcosttravelgroup limited Ownership
LOWCOSTTRAVELGROUP LIMITED group structure
Lowcosttravelgroup Limited has 1 subsidiary company.
Ultimate parent company
LOWCOSTTRAVELGROUP LIMITED
06725806
1 subsidiary
lowcosttravelgroup limited directors
Lowcosttravelgroup Limited currently has 3 directors. The longest serving directors include Mr Paul Evans (Nov 2008) and Mr Salman Rasool (Nov 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Evans | 65 years | Nov 2008 | - | Director | |
| Mr Salman Rasool | 45 years | Nov 2008 | - | Director | |
| Mr Lawrence Hunt | 58 years | Nov 2008 | - | Director |
P&L
October 2014turnover
73.8m
+50%
operating profit
-210.2k
-94%
gross margin
74.6%
+3.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2014net assets
11.5m
-0.04%
total assets
110.5m
+0.77%
cash
10.8m
-0.24%
net assets
Total assets minus all liabilities
lowcosttravelgroup limited company details
company number
06725806
Type
Private limited with Share Capital
industry
79120 - Tour operator activities
79110 - Travel agency activities
incorporation date
October 2008
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
October 2014
previous names
sparkash limited (January 2009)
accountant
-
auditor
-
address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
lowcosttravelgroup 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 9 charges/mortgages relating to lowcosttravelgroup limited. Currently there are 3 open charges and 6 have been satisfied in the past.
lowcosttravelgroup 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.
Click to start generating capital raising & share issue transactions for LOWCOSTTRAVELGROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
lowcosttravelgroup limited Companies House Filings - See Documents
| date | description | view/download |
|---|
