explore transport limited
explore transport limited Company Information
Company Number
09403776
Website
www.exploretransport.co.ukRegistered Address
bridge place anchor boulevard, admirals park, crossways, dartford, kent, DA2 6SN
Industry
Freight transport by road
Telephone
01322733000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
ws transport limited 50%
select plant hire company limited 50%
explore transport limited Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE TRANSPORT LIMITED at £58.3m based on a Turnover of £78.7m and 0.74x industry multiple (adjusted for size and gross margin).
explore transport limited Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE TRANSPORT LIMITED at £104.1m based on an EBITDA of £14.1m and a 7.37x industry multiple (adjusted for size and gross margin).
explore transport limited Estimated Valuation
Pomanda estimates the enterprise value of EXPLORE TRANSPORT LIMITED at £33.9m based on Net Assets of £15.1m and 2.24x industry multiple (adjusted for liquidity).
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Explore Transport Limited Overview
Explore Transport Limited is a live company located in dartford, DA2 6SN with a Companies House number of 09403776. It operates in the freight transport by road sector, SIC Code 49410. Founded in January 2015, it's largest shareholder is ws transport limited with a 50% stake. Explore Transport Limited is a young, large sized company, Pomanda has estimated its turnover at £78.7m with healthy growth in recent years.
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Explore Transport Limited Health Check
Pomanda's financial health check has awarded Explore Transport Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £78.7m, make it larger than the average company (£9.9m)
£78.7m - Explore Transport Limited
£9.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.6%)
11% - Explore Transport Limited
7.6% - Industry AVG
Production
with a gross margin of 20.9%, this company has a comparable cost of product (21.5%)
20.9% - Explore Transport Limited
21.5% - Industry AVG
Profitability
an operating margin of 8.1% make it more profitable than the average company (5.8%)
8.1% - Explore Transport Limited
5.8% - Industry AVG
Employees
with 361 employees, this is above the industry average (63)
361 - Explore Transport Limited
63 - Industry AVG
Pay Structure
on an average salary of £52.1k, the company has a higher pay structure (£39.2k)
£52.1k - Explore Transport Limited
£39.2k - Industry AVG
Efficiency
resulting in sales per employee of £218.1k, this is more efficient (£132.2k)
£218.1k - Explore Transport Limited
£132.2k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (54 days)
18 days - Explore Transport Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (31 days)
24 days - Explore Transport Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is more than average (2 days)
5 days - Explore Transport Limited
2 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (13 weeks)
16 weeks - Explore Transport Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.3%, this is a higher level of debt than the average (61.7%)
72.3% - Explore Transport Limited
61.7% - Industry AVG
EXPLORE TRANSPORT LIMITED financials
Explore Transport Limited's latest turnover from March 2023 is £78.7 million and the company has net assets of £15.1 million. According to their latest financial statements, Explore Transport Limited has 361 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 78,735,000 | 68,889,000 | 56,682,000 | 57,750,000 | 71,148,000 | 67,615,000 | 28,223,000 | 13,187,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 62,279,000 | 55,385,000 | 44,675,000 | 47,197,000 | 57,714,000 | 53,997,000 | 22,612,000 | 11,573,000 |
| Gross Profit | 16,456,000 | 13,504,000 | 12,007,000 | 10,553,000 | 13,434,000 | 13,618,000 | 5,611,000 | 1,614,000 |
| Admin Expenses | 10,050,000 | 10,020,000 | 10,106,000 | 10,592,000 | 5,124,000 | 7,704,000 | 2,753,000 | 701,000 |
| Operating Profit | 6,406,000 | 3,484,000 | 1,901,000 | -39,000 | 8,310,000 | 5,914,000 | 2,858,000 | 913,000 |
| Interest Payable | 1,336,000 | 798,000 | 950,000 | 1,657,000 | 1,524,000 | 1,282,000 | 381,000 | 10,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 5,070,000 | 2,686,000 | 951,000 | -1,696,000 | 6,786,000 | 4,632,000 | 2,477,000 | 903,000 |
| Tax | -895,000 | -437,000 | -787,000 | 19,000 | -1,214,000 | -1,012,000 | -457,000 | -203,000 |
| Profit After Tax | 4,175,000 | 2,249,000 | 164,000 | -1,677,000 | 5,572,000 | 3,620,000 | 2,020,000 | 700,000 |
| Dividends Paid | 0 | 0 | 0 | 220,000 | 2,360,000 | 6,150,000 | 0 | 0 |
| Retained Profit | 4,175,000 | 2,249,000 | 164,000 | -1,897,000 | 3,212,000 | -2,530,000 | 2,020,000 | 700,000 |
| Employee Costs | 18,805,000 | 15,893,000 | 13,898,000 | 14,842,000 | 12,768,000 | 9,731,000 | 3,833,000 | 1,887,000 |
| Number Of Employees | 361 | 318 | 297 | 314 | 278 | 223 | 119 | 86 |
| EBITDA* | 14,121,000 | 10,693,000 | 9,660,000 | 9,039,000 | 16,518,000 | 14,906,000 | 5,222,000 | 982,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 34,975,000 | 34,198,000 | 37,817,000 | 50,464,000 | 53,702,000 | 43,636,000 | 38,069,000 | 1,846,000 |
| Intangible Assets | 0 | 0 | 308,000 | 676,000 | 1,046,000 | 1,416,000 | 1,787,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 34,975,000 | 34,198,000 | 38,125,000 | 51,140,000 | 54,748,000 | 45,052,000 | 39,856,000 | 1,846,000 |
| Stock & work in progress | 888,000 | 1,543,000 | 663,000 | 610,000 | 573,000 | 437,000 | 167,000 | 0 |
| Trade Debtors | 4,097,000 | 3,457,000 | 3,363,000 | 4,165,000 | 2,844,000 | 1,540,000 | 113,000 | 144,000 |
| Group Debtors | 7,016,000 | 7,119,000 | 6,842,000 | 4,882,000 | 7,470,000 | 8,923,000 | 7,492,000 | 2,549,000 |
| Misc Debtors | 2,835,000 | 2,776,000 | 1,928,000 | 1,787,000 | 2,106,000 | 1,360,000 | 1,323,000 | 163,000 |
| Cash | 4,852,000 | 4,143,000 | 4,070,000 | 3,075,000 | 1,372,000 | 2,708,000 | 333,000 | 2,328,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,688,000 | 19,038,000 | 16,866,000 | 14,519,000 | 14,365,000 | 14,968,000 | 9,428,000 | 5,184,000 |
| total assets | 54,663,000 | 53,236,000 | 54,991,000 | 65,659,000 | 69,113,000 | 60,020,000 | 49,284,000 | 7,030,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,132,000 | 6,533,000 | 5,447,000 | 3,931,000 | 3,770,000 | 5,774,000 | 1,046,000 | 607,000 |
| Group/Directors Accounts | 179,000 | 651,000 | 551,000 | 362,000 | 621,000 | 629,000 | 1,468,000 | 2,545,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,236,000 | 4,825,000 | 3,211,000 | 3,612,000 | 4,238,000 | 3,266,000 | 2,125,000 | 321,000 |
| other current liabilities | 7,713,000 | 9,751,000 | 12,204,000 | 11,342,000 | 11,795,000 | 11,775,000 | 5,234,000 | 1,388,000 |
| total current liabilities | 15,260,000 | 21,760,000 | 21,413,000 | 19,247,000 | 20,424,000 | 21,444,000 | 9,873,000 | 4,861,000 |
| loans | 15,332,000 | 13,381,000 | 13,484,000 | 23,083,000 | 22,442,000 | 19,942,000 | 19,248,000 | 0 |
| hp & lease commitments | 5,514,000 | 4,352,000 | 8,657,000 | 12,384,000 | 13,508,000 | 9,856,000 | 8,830,000 | 1,410,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,411,000 | 2,772,000 | 2,715,000 | 2,387,000 | 2,284,000 | 1,535,000 | 1,560,000 | 59,000 |
| total long term liabilities | 24,257,000 | 20,505,000 | 24,856,000 | 37,854,000 | 38,234,000 | 31,333,000 | 29,638,000 | 1,469,000 |
| total liabilities | 39,517,000 | 42,265,000 | 46,269,000 | 57,101,000 | 58,658,000 | 52,777,000 | 39,511,000 | 6,330,000 |
| net assets | 15,146,000 | 10,971,000 | 8,722,000 | 8,558,000 | 10,455,000 | 7,243,000 | 9,773,000 | 700,000 |
| total shareholders funds | 15,146,000 | 10,971,000 | 8,722,000 | 8,558,000 | 10,455,000 | 7,243,000 | 9,773,000 | 700,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 6,406,000 | 3,484,000 | 1,901,000 | -39,000 | 8,310,000 | 5,914,000 | 2,858,000 | 913,000 |
| Depreciation | 7,715,000 | 6,901,000 | 7,391,000 | 8,708,000 | 7,838,000 | 8,992,000 | 2,302,000 | 69,000 |
| Amortisation | 0 | 308,000 | 368,000 | 370,000 | 370,000 | 0 | 62,000 | 0 |
| Tax | -895,000 | -437,000 | -787,000 | 19,000 | -1,214,000 | -1,012,000 | -457,000 | -203,000 |
| Stock | -655,000 | 880,000 | 53,000 | 37,000 | 136,000 | 270,000 | 167,000 | 0 |
| Debtors | 596,000 | 1,219,000 | 1,299,000 | -1,586,000 | 597,000 | 2,895,000 | 6,072,000 | 2,856,000 |
| Creditors | -2,401,000 | 1,086,000 | 1,516,000 | 161,000 | -2,004,000 | 4,728,000 | 439,000 | 607,000 |
| Accruals and Deferred Income | -2,038,000 | -2,453,000 | 862,000 | -453,000 | 20,000 | 6,541,000 | 3,846,000 | 1,388,000 |
| Deferred Taxes & Provisions | 639,000 | 57,000 | 328,000 | 103,000 | 749,000 | -25,000 | 1,501,000 | 59,000 |
| Cash flow from operations | 9,485,000 | 6,847,000 | 10,227,000 | 10,418,000 | 13,336,000 | 21,973,000 | 4,312,000 | -23,000 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 5,995,000 | 2,906,000 | 9,000 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 5,995,000 | 2,906,000 | 9,000 | 0 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -472,000 | 100,000 | 189,000 | -259,000 | -8,000 | -839,000 | -1,077,000 | 2,545,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,951,000 | -103,000 | -9,599,000 | 641,000 | 2,500,000 | 694,000 | 19,248,000 | 0 |
| Hire Purchase and Lease Commitments | -427,000 | -2,691,000 | -4,128,000 | -1,750,000 | 4,624,000 | 2,167,000 | 9,224,000 | 1,731,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -1,336,000 | -798,000 | -950,000 | -1,657,000 | -1,524,000 | -1,282,000 | -381,000 | -10,000 |
| cash flow from financing | -284,000 | -3,492,000 | -14,488,000 | -3,025,000 | 5,592,000 | 740,000 | 34,067,000 | 4,266,000 |
| cash and cash equivalents | ||||||||
| cash | 709,000 | 73,000 | 995,000 | 1,703,000 | -1,336,000 | 2,375,000 | -1,995,000 | 2,328,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 709,000 | 73,000 | 995,000 | 1,703,000 | -1,336,000 | 2,375,000 | -1,995,000 | 2,328,000 |
explore transport limited Credit Report and Business Information
Explore Transport Limited Competitor Analysis
Perform a competitor analysis for explore transport limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
explore transport limited Ownership
EXPLORE TRANSPORT LIMITED group structure
Explore Transport Limited has 1 subsidiary company.
explore transport limited directors
Explore Transport Limited currently has 4 directors. The longest serving directors include Mr David Cox (Jan 2015) and Mr Bradley Cooper (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Cox | England | 45 years | Jan 2015 | - | Director |
| Mr Bradley Cooper | England | 48 years | Dec 2018 | - | Director |
| Mr Alexander McIntyre | United Kingdom | 68 years | Nov 2019 | - | Director |
| Mr Declan McGeeney | United Kingdom | 46 years | Mar 2022 | - | Director |
P&L
March 2023turnover
78.7m
+14%
operating profit
6.4m
+84%
gross margin
21%
+6.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
15.1m
+0.38%
total assets
54.7m
+0.03%
cash
4.9m
+0.17%
net assets
Total assets minus all liabilities
explore transport limited company details
company number
09403776
Type
Private limited with Share Capital
industry
49410 - Freight transport by road
incorporation date
January 2015
age
9
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
bridge place anchor boulevard, admirals park, crossways, dartford, kent, DA2 6SN
last accounts submitted
March 2023
explore transport 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 explore transport limited.
explore transport limited Companies House Filings - See Documents
| date | description | view/download |
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