latin routes limited
latin routes limited Company Information
Company Number
07661074
Next Accounts
Dec 2025
Shareholders
martin johnson
jessica dennison
View AllGroup Structure
View All
Industry
Travel agency activities
Registered Address
suite 2, 21 eden street suite 2, millennium house, kingston, KT1 1BL
Website
www.latinroutes.co.uklatin routes limited Estimated Valuation
Pomanda estimates the enterprise value of LATIN ROUTES LIMITED at £4.4m based on a Turnover of £4.7m and 0.92x industry multiple (adjusted for size and gross margin).
latin routes limited Estimated Valuation
Pomanda estimates the enterprise value of LATIN ROUTES LIMITED at £1.2m based on an EBITDA of £260.2k and a 4.52x industry multiple (adjusted for size and gross margin).
latin routes limited Estimated Valuation
Pomanda estimates the enterprise value of LATIN ROUTES LIMITED at £403.2k based on Net Assets of £207.4k and 1.94x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Latin Routes Limited Overview
Latin Routes Limited is a live company located in kingston, KT1 1BL with a Companies House number of 07661074. It operates in the travel agency activities sector, SIC Code 79110. Founded in June 2011, it's largest shareholder is martin johnson with a 32.9% stake. Latin Routes Limited is a established, small sized company, Pomanda has estimated its turnover at £4.7m with rapid growth in recent years.
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Latin Routes Limited Health Check
Pomanda's financial health check has awarded Latin Routes Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £4.7m, make it smaller than the average company (£13.1m)
- Latin Routes Limited
£13.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 107%, show it is growing at a faster rate (37.8%)
- Latin Routes Limited
37.8% - Industry AVG
Production
with a gross margin of 22.9%, this company has a comparable cost of product (22.9%)
- Latin Routes Limited
22.9% - Industry AVG
Profitability
an operating margin of 5.4% make it more profitable than the average company (4.1%)
- Latin Routes Limited
4.1% - Industry AVG
Employees
with 36 employees, this is similar to the industry average (35)
36 - Latin Routes Limited
35 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Latin Routes Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £131k, this is less efficient (£335.7k)
- Latin Routes Limited
£335.7k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (23 days)
- Latin Routes Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (26 days)
- Latin Routes Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Latin Routes Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (28 weeks)
12 weeks - Latin Routes Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.3%, this is a higher level of debt than the average (78.3%)
90.3% - Latin Routes Limited
78.3% - Industry AVG
LATIN ROUTES LIMITED financials
Latin Routes Limited's latest turnover from March 2024 is estimated at £4.7 million and the company has net assets of £207.4 thousand. According to their latest financial statements, Latin Routes Limited has 36 employees and maintains cash reserves of £351.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,271,503 | 1,269,700 | 724,326 | ||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 1,981,829 | 1,141,465 | 603,496 | ||||||||||
| Gross Profit | 289,674 | 128,235 | 120,830 | ||||||||||
| Admin Expenses | 331,476 | 128,925 | 107,424 | ||||||||||
| Operating Profit | -41,802 | -690 | 13,406 | ||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | -41,802 | -690 | 13,406 | ||||||||||
| Tax | -3,380 | ||||||||||||
| Profit After Tax | -41,802 | -690 | 10,026 | ||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | -41,802 | -690 | 10,026 | ||||||||||
| Employee Costs | 35,932 | ||||||||||||
| Number Of Employees | 36 | 28 | 20 | 18 | 27 | 23 | 16 | 9 | 6 | 4 | |||
| EBITDA* | -38,717 | 3,914 | 18,755 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 37,785 | 11,781 | 8,549 | 10,882 | 20,785 | 28,467 | 24,154 | 11,730 | 5,968 | 731 | 5,335 | 8,492 | 12,183 |
| Intangible Assets | 27,636 | ||||||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 483,279 | 94,495 | 3,250 | 3,250 | 3,250 | 3,250 | 3,250 | ||||||
| Total Fixed Assets | 548,700 | 106,276 | 11,799 | 14,132 | 24,035 | 31,717 | 27,404 | 11,730 | 5,968 | 731 | 5,335 | 8,492 | 12,183 |
| Stock & work in progress | |||||||||||||
| Trade Debtors | 63,442 | 7,687 | 8,547 | 6,615 | 10,888 | 26,469 | 66,594 | 111,714 | 21,304 | 74,764 | 51,053 | 15,499 | |
| Group Debtors | |||||||||||||
| Misc Debtors | 1,164,987 | 1,435,967 | 346,800 | 352,608 | 382,124 | 132,729 | 61,500 | 320,977 | 19,194 | 18,438 | 21,505 | ||
| Cash | 351,064 | 73,712 | 462,841 | 138,062 | 299,108 | 208,523 | 9,928 | 89,302 | 842 | 1,694 | 4,709 | 2,534 | 6,773 |
| misc current assets | |||||||||||||
| total current assets | 1,579,493 | 1,517,366 | 818,188 | 497,285 | 692,120 | 367,721 | 138,022 | 521,993 | 41,340 | 94,896 | 26,214 | 53,587 | 22,272 |
| total assets | 2,128,193 | 1,623,642 | 829,987 | 511,417 | 716,155 | 399,438 | 165,426 | 533,723 | 47,308 | 95,627 | 31,549 | 62,079 | 34,455 |
| Bank overdraft | 1,431 | 2,359 | 24,083 | 17,330 | |||||||||
| Bank loan | 66,571 | 69,825 | 38,276 | 38,099 | 8,982 | ||||||||
| Trade Creditors | 85,779 | 42,608 | 64,099 | 32,781 | 134,294 | 76,796 | 22,802 | 19,276 | 7,297 | 15,699 | 39,926 | 43,936 | 23,442 |
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 1,258,227 | 1,032,933 | 792,233 | 250,852 | 483,745 | 229,652 | 32,430 | 476,179 | 27,896 | 15,278 | |||
| total current liabilities | 1,412,008 | 1,147,725 | 894,608 | 321,732 | 627,021 | 330,531 | 72,562 | 495,455 | 35,193 | 30,977 | 39,926 | 43,936 | 23,442 |
| loans | 168,580 | 217,429 | 109,979 | 148,432 | 184,481 | 9,167 | 19,900 | ||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | 323,854 | 226,344 | 389,621 | 166,647 | |||||||||
| other liabilities | 19,900 | 19,900 | 19,900 | ||||||||||
| provisions | 16,355 | ||||||||||||
| total long term liabilities | 508,789 | 443,773 | 109,979 | 538,053 | 351,128 | 9,167 | 19,900 | 19,900 | 19,900 | 19,900 | |||
| total liabilities | 1,920,797 | 1,591,498 | 1,004,587 | 859,785 | 978,149 | 330,531 | 72,562 | 495,455 | 44,360 | 50,877 | 59,826 | 63,836 | 43,342 |
| net assets | 207,396 | 32,144 | -174,600 | -348,368 | -261,994 | 68,907 | 92,864 | 38,268 | 2,948 | 44,750 | -28,277 | -1,757 | -8,887 |
| total shareholders funds | 207,396 | 32,144 | -174,600 | -348,368 | -261,994 | 68,907 | 92,864 | 38,268 | 2,948 | 44,750 | -28,277 | -1,757 | -8,887 |
| Mar 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -41,802 | -690 | 13,406 | ||||||||||
| Depreciation | 6,271 | 7,115 | 6,984 | 9,903 | 11,772 | 11,888 | 16,799 | 3,085 | 4,604 | 5,349 | 4,552 | 812 | |
| Amortisation | 1,774 | ||||||||||||
| Tax | -3,380 | ||||||||||||
| Stock | |||||||||||||
| Debtors | 173,559 | 1,179,552 | -3,876 | -33,789 | 233,814 | 31,104 | -301,347 | 392,193 | -52,704 | 71,697 | -29,548 | 35,554 | 15,499 |
| Creditors | 43,171 | -21,491 | 31,318 | -101,513 | 57,498 | 53,994 | 3,526 | 11,979 | -8,402 | -24,227 | -4,010 | 20,494 | 23,442 |
| Accruals and Deferred Income | 322,804 | 467,044 | 151,760 | -9,919 | 420,740 | 197,222 | -443,749 | 448,283 | 12,618 | 15,278 | |||
| Deferred Taxes & Provisions | 16,355 | ||||||||||||
| Cash flow from operations | 18,203 | -76,732 | 40,913 | ||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -3,254 | 31,549 | 177 | 29,117 | 8,982 | ||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | -48,849 | 107,450 | -38,453 | -36,049 | 184,481 | -9,167 | -10,733 | 19,900 | |||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -19,900 | 19,900 | |||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | -10,733 | 73,717 | -36,546 | ||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 277,352 | -389,129 | 324,779 | -161,046 | 90,585 | 198,595 | -79,374 | 88,460 | -852 | -3,015 | 2,175 | -4,239 | 6,773 |
| overdraft | -928 | 2,359 | -24,083 | 6,753 | 17,330 | ||||||||
| change in cash | 278,280 | -391,488 | 324,779 | -161,046 | 114,668 | 191,842 | -96,704 | 88,460 | -852 | -3,015 | 2,175 | -4,239 | 6,773 |
latin routes limited Credit Report and Business Information
Latin Routes Limited Competitor Analysis
Perform a competitor analysis for latin routes limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in KT1 area or any other competitors across 12 key performance metrics.
latin routes limited Ownership
LATIN ROUTES LIMITED group structure
Latin Routes Limited has no subsidiary companies.
Ultimate parent company
LATIN ROUTES LIMITED
07661074
latin routes limited directors
Latin Routes Limited currently has 4 directors. The longest serving directors include Mr Martin Johnson (Jun 2011) and Ms Jessica Dennison (Jun 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Johnson | England | 40 years | Jun 2011 | - | Director |
| Ms Jessica Dennison | England | 40 years | Jun 2011 | - | Director |
| Mr Charles Duncombe | 50 years | Apr 2015 | - | Director | |
| Mr John McEwan | 78 years | Jun 2015 | - | Director |
P&L
March 2024turnover
4.7m
+85%
operating profit
252.1k
0%
gross margin
23%
-3.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
207.4k
+5.45%
total assets
2.1m
+0.31%
cash
351.1k
+3.76%
net assets
Total assets minus all liabilities
Similar Companies
latin routes limited company details
company number
07661074
Type
Private limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
June 2011
age
14
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
XEINADIN ADUIT LIMITED
auditor
-
address
suite 2, 21 eden street suite 2, millennium house, kingston, KT1 1BL
Bank
-
Legal Advisor
-
latin routes 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 did not find charges/mortgages relating to latin routes limited.
latin routes 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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latin routes limited Companies House Filings - See Documents
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