mortons travel limited Company Information
Company Number
07922241
Website
www.mortonstravel.comRegistered Address
national express house, birmingham coach station, mill l, birmingham, B5 6DD
Industry
Other passenger land transport n.e.c.
Telephone
01256889082
Next Accounts Due
181 days late
Group Structure
View All
Shareholders
lucketts holdings limited 100%
mortons travel limited Estimated Valuation
Pomanda estimates the enterprise value of MORTONS TRAVEL LIMITED at £466.1k based on a Turnover of £2.1m and 0.22x industry multiple (adjusted for size and gross margin).
mortons travel limited Estimated Valuation
Pomanda estimates the enterprise value of MORTONS TRAVEL LIMITED at £4.1m based on an EBITDA of £1m and a 4.04x industry multiple (adjusted for size and gross margin).
mortons travel limited Estimated Valuation
Pomanda estimates the enterprise value of MORTONS TRAVEL LIMITED at £2.9m based on Net Assets of £1.9m and 1.55x industry multiple (adjusted for liquidity).
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Mortons Travel Limited Overview
Mortons Travel Limited is a live company located in birmingham, B5 6DD with a Companies House number of 07922241. It operates in the other passenger land transport sector, SIC Code 49390. Founded in January 2012, it's largest shareholder is lucketts holdings limited with a 100% stake. Mortons Travel Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.
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Mortons Travel Limited Health Check
Pomanda's financial health check has awarded Mortons Travel Limited a 4.5 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
2 Regular
5 Weak
Size
annual sales of £2.1m, make it larger than the average company (£1m)
£2.1m - Mortons Travel Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-4.3%)
- Mortons Travel Limited
-4.3% - Industry AVG
Production
with a gross margin of 20.4%, this company has a comparable cost of product (20.4%)
20.4% - Mortons Travel Limited
20.4% - Industry AVG
Profitability
an operating margin of 26.7% make it more profitable than the average company (1.5%)
26.7% - Mortons Travel Limited
1.5% - Industry AVG
Employees
with 26 employees, this is below the industry average (34)
26 - Mortons Travel Limited
34 - Industry AVG
Pay Structure
on an average salary of £38.4k, the company has a higher pay structure (£22.5k)
£38.4k - Mortons Travel Limited
£22.5k - Industry AVG
Efficiency
resulting in sales per employee of £80.2k, this is more efficient (£39.7k)
£80.2k - Mortons Travel Limited
£39.7k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is near the average (21 days)
19 days - Mortons Travel Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (17 days)
8 days - Mortons Travel Limited
17 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (8 days)
4 days - Mortons Travel Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (53 weeks)
21 weeks - Mortons Travel Limited
53 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51%, this is a higher level of debt than the average (45.7%)
51% - Mortons Travel Limited
45.7% - Industry AVG
mortons travel limited Credit Report and Business Information
Mortons Travel Limited Competitor Analysis
Perform a competitor analysis for mortons travel limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
mortons travel limited Ownership
MORTONS TRAVEL LIMITED group structure
Mortons Travel Limited has no subsidiary companies.
Ultimate parent company
2 parents
MORTONS TRAVEL LIMITED
07922241
mortons travel limited directors
Mortons Travel Limited currently has 5 directors. The longest serving directors include Mr Thomas Stables (Feb 2020) and Mr Simon Callander (Aug 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Thomas Stables | England | 51 years | Feb 2020 | - | Director |
Mr Simon Callander | England | 56 years | Aug 2023 | - | Director |
Mr Neil McEwan | England | 47 years | Aug 2023 | - | Director |
Mr Neil Miles | England | 54 years | Oct 2023 | - | Director |
Mrs Alexandra Jensen | United Kingdom | 54 years | Oct 2023 | - | Director |
MORTONS TRAVEL LIMITED financials
Mortons Travel Limited's latest turnover from December 2021 is £2.1 million and the company has net assets of £1.9 million. According to their latest financial statements, Mortons Travel Limited has 26 employees and maintains cash reserves of £273.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2021 | Dec 2020 | Aug 2019 | Aug 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
---|---|---|---|---|---|---|---|---|---|
Turnover | 2,085,588 | 2,552,138 | |||||||
Other Income Or Grants | |||||||||
Cost Of Sales | |||||||||
Gross Profit | |||||||||
Admin Expenses | |||||||||
Operating Profit | 557,594 | -1,125,119 | |||||||
Interest Payable | 22,692 | 40,993 | |||||||
Interest Receivable | 4 | 58 | |||||||
Pre-Tax Profit | 534,906 | -1,166,054 | |||||||
Tax | -146,778 | 198,093 | |||||||
Profit After Tax | 388,128 | -967,961 | |||||||
Dividends Paid | 0 | 0 | |||||||
Retained Profit | 388,128 | -967,961 | |||||||
Employee Costs | 998,192 | 1,184,765 | |||||||
Number Of Employees | 26 | 36 | 39 | 43 | 48 | ||||
EBITDA* | 1,014,494 | -449,774 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2021 | Dec 2020 | Aug 2019 | Aug 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 2,224,382 | 2,846,701 | 2,592,179 | 3,029,824 | 2,867,948 | 2,401,199 | 2,242,729 | 2,271,494 | 2,153,743 |
Intangible Assets | 0 | 0 | 0 | 0 | 223,479 | 268,175 | 312,871 | 357,566 | 402,262 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 2,224,382 | 2,846,701 | 2,592,179 | 3,029,824 | 3,091,427 | 2,669,374 | 2,555,600 | 2,629,060 | 2,556,005 |
Stock & work in progress | 19,343 | 37,892 | 67,918 | 35,000 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 110,956 | 63,452 | 99,454 | 162,643 | 274,583 | 316,138 | 312,507 | 309,834 | 288,981 |
Group Debtors | 925,199 | 1,549,378 | 885,448 | 622,792 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 229,181 | 88,434 | 56,968 | 112,395 | 96,525 | 62,615 | 0 | 0 | 0 |
Cash | 273,659 | 151,215 | 634,719 | 470,903 | 625,286 | 507,269 | 259,851 | 294,154 | 182,040 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,558,338 | 1,890,371 | 1,744,507 | 1,403,733 | 996,394 | 886,022 | 572,358 | 603,988 | 471,021 |
total assets | 3,782,720 | 4,737,072 | 4,336,686 | 4,433,557 | 4,087,821 | 3,555,396 | 3,127,958 | 3,233,048 | 3,027,026 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 36,810 | 206,565 | 89,934 | 47,500 | 278,945 | 67,277 | 1,296,322 | 1,873,964 | 1,768,148 |
Group/Directors Accounts | 239,846 | 1,187,890 | 0 | 380 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 67,985 | 66,108 | 436,572 | 540,204 | 319,327 | 317,958 | 0 | 0 | 0 |
other current liabilities | 312,832 | 260,294 | 268,147 | 189,816 | 444,499 | 791,467 | 0 | 0 | 0 |
total current liabilities | 657,473 | 1,720,857 | 794,653 | 777,900 | 1,042,771 | 1,176,702 | 1,296,322 | 1,873,964 | 1,768,148 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 705,673 | 773,659 | 907,333 | 1,305,257 | 805,916 | 705,096 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 702,966 | 761,074 | 1,071,354 |
provisions | 565,156 | 776,266 | 200,449 | 226,633 | 251,593 | 0 | 0 | 0 | 0 |
total long term liabilities | 1,270,829 | 1,549,925 | 1,107,782 | 1,531,890 | 1,057,509 | 705,096 | 702,966 | 761,074 | 1,071,354 |
total liabilities | 1,928,302 | 3,270,782 | 1,902,435 | 2,309,790 | 2,100,280 | 1,881,798 | 1,999,288 | 2,635,038 | 2,839,502 |
net assets | 1,854,418 | 1,466,290 | 2,434,251 | 2,123,767 | 1,987,541 | 1,673,598 | 1,128,670 | 598,010 | 187,524 |
total shareholders funds | 1,854,418 | 1,466,290 | 2,434,251 | 2,123,767 | 1,987,541 | 1,673,598 | 1,128,670 | 598,010 | 187,524 |
Dec 2021 | Dec 2020 | Aug 2019 | Aug 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | |
---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Operating Profit | 557,594 | -1,125,119 | |||||||
Depreciation | 456,900 | 675,345 | 459,948 | 665,310 | 412,816 | 342,778 | 315,551 | 298,076 | 263,937 |
Amortisation | 0 | 0 | 0 | 44,696 | 44,696 | 44,696 | 44,695 | 44,696 | 44,696 |
Tax | -146,778 | 198,093 | |||||||
Stock | -18,549 | -30,026 | 32,918 | 35,000 | 0 | 0 | 0 | 0 | 0 |
Debtors | -435,928 | 659,394 | 144,040 | 526,722 | -7,645 | 66,246 | 2,673 | 20,853 | 288,981 |
Creditors | -169,755 | 116,631 | 42,434 | -231,445 | 211,668 | -1,229,045 | -577,642 | 105,816 | 1,768,148 |
Accruals and Deferred Income | 52,538 | -7,853 | 78,331 | -254,683 | -346,968 | 791,467 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -211,110 | 575,817 | -26,184 | -24,960 | 251,593 | 0 | 0 | 0 | 0 |
Cash flow from operations | 993,866 | -196,454 | |||||||
Investing Activities | |||||||||
capital expenditure | |||||||||
Change in Investments | 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 |
Group/Directors Accounts | -948,044 | 1,187,890 | -380 | 380 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -66,109 | -504,138 | -501,556 | 720,218 | 102,189 | 1,023,054 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | -702,966 | -58,108 | -310,280 | 1,071,354 |
share issue | |||||||||
interest | -22,688 | -40,935 | |||||||
cash flow from financing | -1,036,841 | 642,817 | |||||||
cash and cash equivalents | |||||||||
cash | 122,444 | -483,504 | 163,816 | -154,383 | 118,017 | 247,418 | -34,303 | 112,114 | 182,040 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 122,444 | -483,504 | 163,816 | -154,383 | 118,017 | 247,418 | -34,303 | 112,114 | 182,040 |
P&L
December 2021turnover
2.1m
-18%
operating profit
557.6k
-150%
gross margin
20.4%
-5.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
1.9m
+0.26%
total assets
3.8m
-0.2%
cash
273.7k
+0.81%
net assets
Total assets minus all liabilities
mortons travel limited company details
company number
07922241
Type
Private limited with Share Capital
industry
49390 - Other passenger land transport n.e.c.
incorporation date
January 2012
age
12
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
national express house, birmingham coach station, mill l, birmingham, B5 6DD
last accounts submitted
December 2021
mortons travel 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 2 charges/mortgages relating to mortons travel limited. Currently there are 0 open charges and 2 have been satisfied in the past.
mortons travel limited Companies House Filings - See Documents
date | description | view/download |
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