explore montenegro ltd
explore montenegro ltd Company Information
Company Number
07503563
Next Accounts
537 days late
Industry
Travel agency activities
Shareholders
adriatic holidays ltd
Group Structure
View All
Contact
Registered Address
c/o neum insolvency, suite 9, am, 15 college road, harrow, middlesex, HA1 1BA
explore montenegro ltd Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE MONTENEGRO LTD at £99k based on a Turnover of £145k and 0.68x industry multiple (adjusted for size and gross margin).
explore montenegro ltd Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE MONTENEGRO LTD at £0 based on an EBITDA of £-38.6k and a 3.7x industry multiple (adjusted for size and gross margin).
explore montenegro ltd Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE MONTENEGRO LTD at £199.6k based on Net Assets of £97.3k and 2.05x industry multiple (adjusted for liquidity).
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Explore Montenegro Ltd Overview
Explore Montenegro Ltd is a live company located in harrow, HA1 1BA with a Companies House number of 07503563. It operates in the travel agency activities sector, SIC Code 79110. Founded in January 2011, it's largest shareholder is adriatic holidays ltd with a 100% stake. Explore Montenegro Ltd is a established, micro sized company, Pomanda has estimated its turnover at £145k with declining growth in recent years.
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Explore Montenegro Ltd Health Check
Pomanda's financial health check has awarded Explore Montenegro Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
2 Weak
Size
annual sales of £145k, make it smaller than the average company (£3.3m)
- Explore Montenegro Ltd
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a similar rate (-33.5%)
- Explore Montenegro Ltd
-33.5% - Industry AVG
Production
with a gross margin of 23%, this company has a comparable cost of product (23%)
- Explore Montenegro Ltd
23% - Industry AVG
Profitability
an operating margin of -26.9% make it as profitable than the average company (-26%)
- Explore Montenegro Ltd
-26% - Industry AVG
Employees
with 2 employees, this is below the industry average (44)
2 - Explore Montenegro Ltd
44 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has an equivalent pay structure (£33.4k)
- Explore Montenegro Ltd
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £72.5k, this is equally as efficient (£70k)
- Explore Montenegro Ltd
£70k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Explore Montenegro Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 150 days, this is slower than average (86 days)
- Explore Montenegro Ltd
86 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Explore Montenegro Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (18 weeks)
52 weeks - Explore Montenegro Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.1%, this is a lower level of debt than the average (82.5%)
50.1% - Explore Montenegro Ltd
82.5% - Industry AVG
EXPLORE MONTENEGRO LTD financials
Explore Montenegro Ltd's latest turnover from September 2021 is estimated at £145 thousand and the company has net assets of £97.3 thousand. According to their latest financial statements, Explore Montenegro Ltd has 2 employees and maintains cash reserves of £48.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Jan 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 2 | 2 | 1 | 1 | 1 | 3 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Jan 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,299 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 7,465 | 20,930 | 34,395 | 47,860 | 24,000 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 1,299 | 0 | 0 | 0 | 7,465 | 20,930 | 34,395 | 47,860 | 24,000 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 77,626 | 83,388 | 119,856 | 184,503 | 134,926 | 33,411 | 50,920 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 145,176 | 162,088 | 109,201 | 119,561 | 114,906 | 38,831 | 0 | 0 | 0 | 0 | 0 |
| Cash | 48,348 | 81,574 | 261,059 | 517,587 | 631,688 | 423,956 | 249,875 | 25,944 | 116,202 | 75,712 | 14,853 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 193,524 | 243,662 | 370,260 | 637,148 | 824,220 | 546,175 | 369,731 | 210,447 | 251,128 | 109,123 | 65,773 |
| total assets | 194,823 | 243,662 | 370,260 | 637,148 | 831,685 | 567,105 | 404,126 | 258,307 | 275,128 | 109,123 | 65,773 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 14,438 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 46,051 | 50,800 | 106,037 | 85,662 | 165,871 | 107,728 | 139,108 | 46,109 | 60,469 | 10,981 | 10,611 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,501 | 3,602 | 41,904 | 40,124 | 158,868 | 41,076 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 47,552 | 54,402 | 147,941 | 125,786 | 324,739 | 163,242 | 139,108 | 46,109 | 60,469 | 10,981 | 10,611 |
| loans | 50,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,967 | 102,262 | 68,716 | 68,716 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 50,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 44,967 | 102,262 | 68,716 | 68,716 |
| total liabilities | 97,552 | 104,402 | 147,941 | 125,786 | 324,739 | 163,242 | 139,108 | 91,076 | 162,731 | 79,697 | 79,327 |
| net assets | 97,271 | 139,260 | 222,319 | 511,362 | 506,946 | 403,863 | 265,018 | 167,231 | 112,397 | 29,426 | -13,554 |
| total shareholders funds | 97,271 | 139,260 | 222,319 | 511,362 | 506,946 | 403,863 | 265,018 | 167,231 | 112,397 | 29,426 | -13,554 |
| Sep 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Jan 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 366 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 7,465 | 13,465 | 13,465 | 13,465 | 13,465 | 6,000 | 0 | 0 |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -16,912 | 52,887 | -10,360 | -72,971 | 70,313 | 2,363 | -64,647 | 49,577 | 101,515 | 33,411 | 50,920 |
| Creditors | -4,749 | -55,237 | 20,375 | -80,209 | 58,143 | -31,380 | 92,999 | -14,360 | 49,488 | 10,981 | 10,611 |
| Accruals and Deferred Income | -2,101 | -38,302 | 1,780 | -118,744 | 117,792 | 41,076 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 50,000 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -44,967 | -57,295 | 33,546 | 68,716 | 68,716 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -33,226 | -179,485 | -256,528 | -114,101 | 207,732 | 174,081 | 223,931 | -90,258 | 40,490 | 75,712 | 14,853 |
| overdraft | 0 | 0 | 0 | 0 | -14,438 | 14,438 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -33,226 | -179,485 | -256,528 | -114,101 | 222,170 | 159,643 | 223,931 | -90,258 | 40,490 | 75,712 | 14,853 |
explore montenegro ltd Credit Report and Business Information
Explore Montenegro Ltd Competitor Analysis
Perform a competitor analysis for explore montenegro ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in HA1 area or any other competitors across 12 key performance metrics.
explore montenegro ltd Ownership
EXPLORE MONTENEGRO LTD group structure
Explore Montenegro Ltd has no subsidiary companies.
Ultimate parent company
EXPLORE MONTENEGRO LTD
07503563
explore montenegro ltd directors
Explore Montenegro Ltd currently has 2 directors. The longest serving directors include Mr Paul Howarth (Aug 2016) and Mr Kevin Leathwood (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Howarth | 50 years | Aug 2016 | - | Director | |
| Mr Kevin Leathwood | England | 49 years | Feb 2022 | - | Director |
P&L
September 2021turnover
145k
-61%
operating profit
-39k
0%
gross margin
23%
+9.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2021net assets
97.3k
-0.3%
total assets
194.8k
-0.2%
cash
48.3k
-0.41%
net assets
Total assets minus all liabilities
explore montenegro ltd company details
company number
07503563
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
January 2011
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2021
previous names
N/A
accountant
ARITHMA ACCOUNTANTS LIMITED
auditor
-
address
c/o neum insolvency, suite 9, am, 15 college road, harrow, middlesex, HA1 1BA
Bank
-
Legal Advisor
-
explore montenegro ltd 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 did not find charges/mortgages relating to explore montenegro ltd.
explore montenegro ltd 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 EXPLORE MONTENEGRO LTD. This can take several minutes, an email will notify you when this has completed.
explore montenegro ltd Companies House Filings - See Documents
| date | description | view/download |
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