secret escapes limited
secret escapes limited Company Information
Company Number
07026107
Website
www.secretescapes.comRegistered Address
4th floor 120 holborn, london, EC1N 2TD
Industry
Travel agency activities
Telephone
02078872772
Next Accounts Due
28 days late
Group Structure
View All
Shareholders
secret escapes holding limited 100%
secret escapes limited Estimated Valuation
Pomanda estimates the enterprise value of SECRET ESCAPES LIMITED at £195.7m based on a Turnover of £108.1m and 1.81x industry multiple (adjusted for size and gross margin).
secret escapes limited Estimated Valuation
Pomanda estimates the enterprise value of SECRET ESCAPES LIMITED at £0 based on an EBITDA of £-7.6m and a 10x industry multiple (adjusted for size and gross margin).
secret escapes limited Estimated Valuation
Pomanda estimates the enterprise value of SECRET ESCAPES LIMITED at £0 based on Net Assets of £-15.1m and 1.35x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Secret Escapes Limited Overview
Secret Escapes Limited is a live company located in london, EC1N 2TD with a Companies House number of 07026107. It operates in the travel agency activities sector, SIC Code 79110. Founded in September 2009, it's largest shareholder is secret escapes holding limited with a 100% stake. Secret Escapes Limited is a established, mega sized company, Pomanda has estimated its turnover at £108.1m with declining growth in recent years.
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Secret Escapes Limited Health Check
Pomanda's financial health check has awarded Secret Escapes Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £108.1m, make it larger than the average company (£7.2m)
£108.1m - Secret Escapes Limited
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a similar rate (-14.2%)
-14% - Secret Escapes Limited
-14.2% - Industry AVG
Production
with a gross margin of 71%, this company has a lower cost of product (26.5%)
71% - Secret Escapes Limited
26.5% - Industry AVG
Profitability
an operating margin of -13.7% make it less profitable than the average company (1.3%)
-13.7% - Secret Escapes Limited
1.3% - Industry AVG
Employees
with 796 employees, this is above the industry average (34)
796 - Secret Escapes Limited
34 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£38.9k)
£41.8k - Secret Escapes Limited
£38.9k - Industry AVG
Efficiency
resulting in sales per employee of £135.8k, this is equally as efficient (£158.6k)
£135.8k - Secret Escapes Limited
£158.6k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is near the average (44 days)
37 days - Secret Escapes Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 929 days, this is slower than average (72 days)
929 days - Secret Escapes Limited
72 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Secret Escapes Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (18 weeks)
28 weeks - Secret Escapes Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.6%, this is a higher level of debt than the average (82.7%)
108.6% - Secret Escapes Limited
82.7% - Industry AVG
SECRET ESCAPES LIMITED financials
Secret Escapes Limited's latest turnover from December 2022 is £108.1 million and the company has net assets of -£15.1 million. According to their latest financial statements, Secret Escapes Limited has 796 employees and maintains cash reserves of £74.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 108,097,000 | 69,425,000 | 76,053,000 | 169,450,000 | 121,227,000 | 73,209,000 | 48,749,000 | 30,888,000 | 20,385,000 | 11,596,876 | 3,645,171 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 31,312,000 | 12,636,000 | 30,855,000 | 66,956,000 | 33,918,000 | 11,345,000 | 8,447,000 | 5,241,000 | 3,309,000 | 2,189,802 | 1,108,488 | ||
| Gross Profit | 76,785,000 | 56,789,000 | 45,198,000 | 102,494,000 | 87,309,000 | 61,864,000 | 40,302,000 | 25,647,000 | 17,076,000 | 9,407,074 | 2,536,683 | ||
| Admin Expenses | 91,626,000 | 60,000,000 | 85,567,000 | 105,860,000 | 95,399,000 | 75,732,000 | 60,673,000 | 47,148,000 | 32,143,000 | 12,990,544 | 8,044,497 | ||
| Operating Profit | -14,841,000 | -3,211,000 | -40,369,000 | -3,366,000 | -8,090,000 | -13,868,000 | -20,371,000 | -21,501,000 | -15,067,000 | -3,583,470 | -5,507,814 | ||
| Interest Payable | 8,248,000 | 8,292,000 | 9,246,000 | 7,972,000 | 1,933,000 | 373,000 | 0 | 1,000 | 0 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 196,000 | 239,000 | 48,000 | 24,000 | 97,000 | 35,000 | 35,000 | 59,824 | 27,291 | ||
| Pre-Tax Profit | -23,089,000 | -11,503,000 | -49,419,000 | -11,099,000 | -9,975,000 | -14,217,000 | -20,274,000 | -21,467,000 | -15,032,000 | -3,523,646 | -5,480,523 | ||
| Tax | -1,076,000 | -1,159,000 | 1,255,000 | -1,687,000 | -1,053,000 | -445,000 | -266,000 | -90,000 | -12,000 | 0 | 0 | ||
| Profit After Tax | -24,165,000 | -12,662,000 | -48,164,000 | -12,786,000 | -11,028,000 | -14,662,000 | -20,540,000 | -21,557,000 | -15,044,000 | -3,523,646 | -5,480,523 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -24,165,000 | -12,662,000 | -48,164,000 | -12,786,000 | -11,028,000 | -14,662,000 | -20,540,000 | -21,557,000 | -15,044,000 | -3,523,646 | -5,480,523 | ||
| Employee Costs | 33,312,000 | 29,560,000 | 33,220,000 | 45,785,000 | 34,347,000 | 28,495,000 | 20,029,000 | 14,526,000 | 9,311,000 | 3,345,435 | 1,994,255 | ||
| Number Of Employees | 796 | 800 | 650 | 268 | 767 | 670 | 368 | 254 | 137 | 56 | 33 | ||
| EBITDA* | -7,569,000 | 5,364,000 | -33,762,000 | 5,085,000 | -4,134,000 | -12,673,000 | -19,863,000 | -20,643,000 | -14,921,000 | -3,487,699 | -5,481,648 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,673,000 | 4,596,000 | 6,456,000 | 5,612,000 | 3,038,000 | 2,609,000 | 1,256,000 | 1,091,000 | 373,000 | 87,232 | 72,542 | 25,701 | 0 |
| Intangible Assets | 61,284,000 | 68,625,000 | 73,718,000 | 84,043,000 | 64,470,000 | 62,804,000 | 3,816,000 | 3,931,000 | 3,938,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 37,000 | 37,000 | 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 |
| Total Fixed Assets | 64,957,000 | 73,221,000 | 80,174,000 | 89,655,000 | 67,508,000 | 65,413,000 | 5,072,000 | 5,022,000 | 4,311,000 | 87,232 | 72,542 | 25,701 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,182,000 | 5,804,000 | 4,637,000 | 11,280,000 | 9,233,000 | 6,791,000 | 4,213,000 | 2,605,000 | 2,030,000 | 1,939,041 | 680,511 | 482,395 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 25,434,000 | 17,926,000 | 19,626,000 | 38,590,000 | 17,053,000 | 11,127,000 | 4,576,000 | 3,925,000 | 2,209,000 | 1,485,134 | 582,552 | 0 | 0 |
| Cash | 74,481,000 | 79,765,000 | 75,153,000 | 77,261,000 | 52,919,000 | 48,035,000 | 10,749,000 | 21,813,000 | 4,182,000 | 4,185,904 | 4,701,363 | 2,452,591 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 111,167,000 | 103,495,000 | 99,416,000 | 127,131,000 | 79,205,000 | 65,953,000 | 19,538,000 | 28,343,000 | 8,421,000 | 7,610,079 | 5,964,426 | 2,934,986 | 0 |
| total assets | 176,124,000 | 176,716,000 | 179,590,000 | 216,786,000 | 146,713,000 | 131,366,000 | 24,610,000 | 33,365,000 | 12,732,000 | 7,697,311 | 6,036,968 | 2,960,687 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 13,996,000 | 21,084,000 | 14,861,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 79,717,000 | 59,660,000 | 47,905,000 | 87,533,000 | 69,238,000 | 52,760,000 | 27,017,000 | 18,240,000 | 13,116,000 | 7,299,453 | 2,673,269 | 833,842 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 18,970,000 | 32,226,000 | 13,145,000 | 0 | 0 | 0 | 0 | 0 | 3,485,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,437,000 | 1,518,000 | 1,729,000 | 2,491,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 33,488,000 | 23,314,000 | 25,384,000 | 38,990,000 | 22,495,000 | 13,339,000 | 5,364,000 | 4,396,000 | 3,165,000 | 1,023,511 | 638,667 | 0 | 0 |
| total current liabilities | 133,612,000 | 116,718,000 | 88,163,000 | 143,010,000 | 112,817,000 | 80,960,000 | 32,381,000 | 22,636,000 | 19,766,000 | 8,322,964 | 3,311,936 | 833,842 | 0 |
| loans | 111,412,000 | 94,382,000 | 131,368,000 | 106,046,000 | 16,474,000 | 28,754,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,994,000 | 3,928,000 | 5,642,000 | 2,448,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 520,000 | 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 |
| provisions | 3,900,000 | 5,368,000 | 5,080,000 | 9,952,000 | 6,852,000 | 7,604,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 57,656,000 | 49,875,000 | 68,744,000 | 57,999,000 | 11,663,000 | 18,179,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 191,268,000 | 166,593,000 | 156,907,000 | 201,009,000 | 124,480,000 | 99,139,000 | 32,381,000 | 22,636,000 | 19,766,000 | 8,322,964 | 3,311,936 | 833,842 | 0 |
| net assets | -15,144,000 | 10,123,000 | 22,683,000 | 15,777,000 | 22,233,000 | 32,227,000 | -7,771,000 | 10,729,000 | -7,034,000 | -625,653 | 2,725,032 | 2,126,845 | 0 |
| total shareholders funds | -15,144,000 | 10,123,000 | 22,683,000 | 15,777,000 | 22,233,000 | 32,227,000 | -7,771,000 | 10,729,000 | -7,034,000 | -625,653 | 2,725,032 | 2,126,845 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -14,841,000 | -3,211,000 | -40,369,000 | -3,366,000 | -8,090,000 | -13,868,000 | -20,371,000 | -21,501,000 | -15,067,000 | -3,583,470 | -5,507,814 | ||
| Depreciation | 1,764,000 | 2,243,000 | 653,000 | 3,273,000 | 647,000 | 535,000 | 389,000 | 240,000 | 142,000 | 95,771 | 26,166 | 11,615 | |
| Amortisation | 5,508,000 | 6,332,000 | 5,954,000 | 5,178,000 | 3,309,000 | 660,000 | 119,000 | 618,000 | 4,000 | 0 | 0 | 0 | |
| Tax | -1,076,000 | -1,159,000 | 1,255,000 | -1,687,000 | -1,053,000 | -445,000 | -266,000 | -90,000 | -12,000 | 0 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 12,886,000 | -533,000 | -25,607,000 | 23,584,000 | 8,368,000 | 9,129,000 | 2,259,000 | 2,291,000 | 814,825 | 2,161,112 | 780,668 | 482,395 | 0 |
| Creditors | 20,057,000 | 11,755,000 | -39,628,000 | 18,295,000 | 16,478,000 | 25,743,000 | 8,777,000 | 5,124,000 | 5,816,547 | 4,626,184 | 1,839,427 | 833,842 | 0 |
| Accruals and Deferred Income | 10,174,000 | -2,590,000 | -13,086,000 | 16,495,000 | 9,156,000 | 7,975,000 | 968,000 | 1,231,000 | 2,141,489 | 384,844 | 638,667 | 0 | 0 |
| Deferred Taxes & Provisions | -1,468,000 | 288,000 | -4,872,000 | 3,100,000 | -752,000 | 7,604,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,232,000 | 14,191,000 | -64,486,000 | 17,704,000 | 11,327,000 | 19,075,000 | -12,643,000 | -16,669,000 | -7,789,789 | -637,783 | -3,784,222 | ||
| Investing Activities | |||||||||||||
| capital expenditure | -110,461 | -73,007 | |||||||||||
| Change in Investments | 0 | 0 | 0 | -37,000 | 0 | 37,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -110,461 | -73,007 | |||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | -13,996,000 | -7,088,000 | 6,223,000 | 14,861,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -13,256,000 | 19,081,000 | 13,145,000 | 0 | 0 | 0 | 0 | -3,485,000 | 3,485,000 | 0 | 0 | 0 | 0 |
| Long term loans | 17,030,000 | -36,986,000 | 25,322,000 | 89,572,000 | -12,280,000 | 28,754,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -1,015,000 | -1,925,000 | 2,432,000 | 4,939,000 | 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 |
| share issue | |||||||||||||
| interest | -8,248,000 | -8,292,000 | -9,050,000 | -7,733,000 | -1,885,000 | -349,000 | 97,000 | 34,000 | 35,000 | 59,824 | 27,291 | ||
| cash flow from financing | -6,591,000 | -28,020,000 | 72,923,000 | 86,020,000 | -6,908,000 | 97,926,000 | 2,137,000 | 35,869,000 | 12,155,653 | 232,785 | 6,106,001 | ||
| cash and cash equivalents | |||||||||||||
| cash | -5,284,000 | 4,612,000 | -2,108,000 | 24,342,000 | 4,884,000 | 37,286,000 | -11,064,000 | 17,631,000 | -3,904 | -515,459 | 2,248,772 | 2,452,591 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -5,284,000 | 4,612,000 | -2,108,000 | 24,342,000 | 4,884,000 | 37,286,000 | -11,064,000 | 17,631,000 | -3,904 | -515,459 | 2,248,772 | 2,452,591 | 0 |
secret escapes limited Credit Report and Business Information
Secret Escapes Limited Competitor Analysis
Perform a competitor analysis for secret escapes limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in EC1N area or any other competitors across 12 key performance metrics.
secret escapes limited Ownership
SECRET ESCAPES LIMITED group structure
Secret Escapes Limited has 1 subsidiary company.
Ultimate parent company
1 parent
SECRET ESCAPES LIMITED
07026107
1 subsidiary
secret escapes limited directors
Secret Escapes Limited currently has 3 directors. The longest serving directors include Mr Stafford Saint (Oct 2011) and Mr Heber Ramos De Freitas (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stafford Saint | England | 54 years | Oct 2011 | - | Director |
| Mr Heber Ramos De Freitas | Jersey | 40 years | May 2020 | - | Director |
| Mr William Fawcett | United Kingdom | 43 years | Jul 2023 | - | Director |
P&L
December 2022turnover
108.1m
+56%
operating profit
-14.8m
+362%
gross margin
71.1%
-13.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-15.1m
-2.5%
total assets
176.1m
0%
cash
74.5m
-0.07%
net assets
Total assets minus all liabilities
secret escapes limited company details
company number
07026107
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
September 2009
age
15
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
dmc cruise limited (November 2010)
accountant
-
auditor
ERNST & YOUNG LLP
address
4th floor 120 holborn, london, EC1N 2TD
Bank
-
Legal Advisor
-
secret escapes 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 32 charges/mortgages relating to secret escapes limited. Currently there are 5 open charges and 27 have been satisfied in the past.
secret escapes limited Companies House Filings - See Documents
| date | description | view/download |
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