True Travel Limited

POWER SEARCH PRICING

SOLUTIONS

true travel limited Company Information

Live

EstablishedMidDeclining

Company Number

08474762

Website

www.trueluxury.travel

Registered Address

208 fulham road, london, SW10 9PJ

Industry

Travel agency activities

Telephone

02031371247

Next Accounts Due

September 2024

Group Structure

View All

Directors

Henry Morley11 Years

Nicola Morley4 Years

Shareholders

henry morley 91%

peter stephens 3.1%

View All

true travel limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of TRUE TRAVEL LIMITED at £3.7m based on a Turnover of £7.3m and 0.51x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

True Travel Limited is a live company located in london, SW10 9PJ with a Companies House number of 08474762. It operates in the travel agency activities sector, SIC Code 79110. Founded in April 2013, it's largest shareholder is henry morley with a 91% stake. True Travel Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.3m with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded True Travel Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £7.3m, make it in line with the average company (£7.2m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a faster rate (-14.2%)

EXPORT

True Travel Limited's latest turnover from December 2022 is estimated at £7.3 million and the company has net assets of £881.2 thousand. According to their latest financial statements, True Travel Limited has 12 employees and maintains cash reserves of £1.4 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	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Turnover	7,347,260	4,570,636	7,880,351	8,458,243	9,131,078	6,113,546	1,387,597	1,762,646	164,968	34,762
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,444,000	3,323,173	6,126,928	6,574,541	7,117,649	4,887,405	1,134,453	1,468,872	137,449	29,327
Gross Profit	1,903,260	1,247,462	1,753,422	1,883,703	2,013,428	1,226,141	253,144	293,774	27,520	5,436
Admin Expenses	1,380,039	1,128,175	1,853,387	1,815,184	1,784,402	1,868,913	339,134	38,339	8,197	25,178
Operating Profit	523,221	119,287	-99,965	68,519	229,026	-642,772	-85,990	255,435	19,323	-19,742
Interest Payable	16,647	12,393	6,100	0	0	0	0	0	0	0
Interest Receivable	43,072	2,152	670	3,894	2,568	838	0	4	14	10
Pre-Tax Profit	549,647	109,046	-105,395	72,412	231,594	-641,934	-85,990	255,439	19,336	-19,732
Tax	-104,433	-20,719	0	-13,758	-44,003	0	0	-51,088	-3,867	0
Profit After Tax	445,214	88,327	-105,395	58,654	187,591	-641,934	-85,990	204,351	15,469	-19,732
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	445,214	88,327	-105,395	58,654	187,591	-641,934	-85,990	204,351	15,469	-19,732
Employee Costs	469,639	271,126	383,821	350,001	261,627	295,613	217,544	220,432	29,573	29,022
Number Of Employees	12	8	11	10	8	9	7	7	1	1
EBITDA*	534,916	133,425	-84,001	85,345	241,155	-642,772	-85,990	255,435	19,502	-19,742

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Tangible Assets	6,614	8,268	10,339	12,303	11,949	6,780	3,003	2,660	719	0
Intangible Assets	40,175	48,236	53,483	54,996	36,561	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	46,789	56,504	63,822	67,299	48,510	6,780	3,003	2,660	719	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,612,805	1,429,840	1,360,118	1,201,626	1,184,132	559,976	141,316	213,922	21,543	2,766
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	38,835	34,329	1,758	14,470	3,522	0	2,551	0	0	0
Cash	1,390,740	1,070,535	650,883	688,707	349,572	335,259	0	0	1,488	3,920
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	3,042,380	2,534,704	2,012,759	1,904,803	1,537,226	895,235	143,867	213,922	23,031	6,686
total assets	3,089,169	2,591,208	2,076,581	1,972,102	1,585,736	902,015	146,870	216,582	23,750	6,686
Bank overdraft	4,837	0	0	0	0	0	0	0	0	0
Bank loan	47,526	46,152	3,333	0	0	0	0	0	0	0
Trade Creditors	1,900,235	1,866,512	1,460,998	1,409,063	1,261,445	923,815	30,582	13,274	3,320	2,328
Group/Directors Accounts	0	0	6,762	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	94	1,126	0	0	0	0
other current liabilities	153,823	92,110	61,682	110,505	278,556	118,960	0	0	0	0
total current liabilities	2,106,421	2,004,774	1,532,775	1,519,568	1,540,095	1,043,901	30,582	13,274	3,320	2,328
loans	101,519	150,419	196,667	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	94	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	2,190	3,220	0	0
other liabilities	0	0	0	0	0	0	0	0	459	0
provisions	0	0	0	0	0	0	0	0	144	0
total long term liabilities	101,519	150,419	196,667	0	0	94	2,190	3,220	603	0
total liabilities	2,207,940	2,155,193	1,729,442	1,519,568	1,540,095	1,043,995	32,772	16,494	3,923	2,328
net assets	881,229	436,015	347,139	452,534	45,641	-141,980	114,098	200,088	19,827	4,358
total shareholders funds	881,229	436,015	347,139	452,534	45,641	-141,980	114,098	200,088	19,827	4,358

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Operating Activities
Operating Profit	523,221	119,287	-99,965	68,519	229,026	-642,772	-85,990	255,435	19,323	-19,742
Depreciation	1,654	2,071	2,584	3,071	2,989	0	0	0	179	0
Amortisation	10,041	12,067	13,380	13,755	9,140	0	0	0	0	0
Tax	-104,433	-20,719	0	-13,758	-44,003	0	0	-51,088	-3,867	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	187,471	102,293	145,780	28,442	627,678	346,054	-70,055	192,379	18,777	2,766
Creditors	33,723	405,514	51,935	147,618	337,630	910,541	17,308	9,954	992	2,328
Accruals and Deferred Income	61,713	30,428	-48,823	-168,051	159,596	115,740	-1,030	3,220	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	-144	144	0
Cash flow from operations	338,448	446,355	-226,669	22,712	66,700	37,455	343	24,998	-2,006	-20,180
Investing Activities
capital expenditure	-1,980	-6,820	-12,487	-35,615	-53,859	-4,120	-343	-1,941	-898	0
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,980	-6,820	-12,487	-35,615	-53,859	-4,120	-343	-1,941	-898	0
Financing Activities
Bank loans	1,374	42,819	3,333	0	0	0	0	0	0	0
Group/Directors Accounts	0	-6,762	6,762	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-48,900	-46,248	196,667	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-94	-1,126	1,220	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-459	459	0
share issue	0	549	0	348,239	30	299,866	0	-24,090	0	24,090
interest	26,425	-10,241	-5,430	3,894	2,568	838	0	4	14	10
cash flow from financing	-21,101	-19,883	201,332	352,039	1,472	301,924	0	-24,545	473	24,100
cash and cash equivalents
cash	320,205	419,652	-37,824	339,135	14,313	335,259	0	-1,488	-2,432	3,920
overdraft	4,837	0	0	0	0	0	0	0	0	0
change in cash	315,368	419,652	-37,824	339,135	14,313	335,259	0	-1,488	-2,432	3,920

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for true travel limited. Get real-time insights into true travel limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for true travel limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in SW10 area or any other competitors across 12 key performance metrics.

TRUE TRAVEL LIMITED group structure

True Travel Limited has no subsidiary companies.

Ultimate parent company

TRUE TRAVEL LIMITED

08474762

TRUE TRAVEL LIMITED Shareholders

henry morley	91.02%
peter stephens	3.06%
michael de carvalho	2.91%
kevin mcnamara	1.34%
molly piggot	0.86%
harry henderson	0.64%
molly kinnaird	0.16%

True Travel Limited currently has 2 directors. The longest serving directors include Mr Henry Morley (Apr 2013) and Ms Nicola Morley (Aug 2020).

officer	country	age	start	end	role
Mr Henry Morley	England	37 years	Apr 2013	-	Director
Ms Nicola Morley	England	38 years	Aug 2020	-	Director

P&L

December 2022

turnover

7.3m

+61%

operating profit

523.2k

gross margin

26%

-5.09%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

881.2k

+1.02%

total assets

3.1m

+0.19%

cash

1.4m

+0.3%

net assets

Total assets minus all liabilities

Similar Companies

Agree?

travel nation limited

ealing travel services limited

e & r abbott limited

american institute for foreign study (u.k.) limited

3.5

hospitality line limited

4.5

company number

08474762

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

April 2013

accounts

Total Exemption Full

ultimate parent company

None

previous names

true luxury travel limited (August 2020)

better late luxury limited (January 2016)

last accounts submitted

December 2022

address

208 fulham road, london, SW10 9PJ

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 true travel limited. Currently there are 2 open charges and 0 have been satisfied in the past.

true travel limited Company Information

true travel limited Estimated Valuation

true travel limited Estimated Valuation

true travel limited Estimated Valuation

True Travel Limited Overview

True Travel Limited Health Check

TRUE TRAVEL LIMITED financials

true travel limited Credit Report and Business Information

True Travel Limited Competitor Analysis

true travel limited Ownership

true travel limited directors

true travel limited company details

true travel limited Charges & Mortgages

true travel limited Companies House Filings - See Documents