on the beach group plc
on the beach group plc Company Information
Company Number
09736592
Website
www.onthebeachgroupplc.comRegistered Address
5 adair street, manchester, M1 2NQ
Industry
Travel agency activities
Telephone
02037271000
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
undisclosed 100%
on the beach group plc Estimated Valuation
Pomanda estimates the enterprise value of ON THE BEACH GROUP PLC at £360.4m based on a Turnover of £170.2m and 2.12x industry multiple (adjusted for size and gross margin).
on the beach group plc Estimated Valuation
Pomanda estimates the enterprise value of ON THE BEACH GROUP PLC at £398.9m based on an EBITDA of £25.6m and a 15.58x industry multiple (adjusted for size and gross margin).
on the beach group plc Estimated Valuation
Pomanda estimates the enterprise value of ON THE BEACH GROUP PLC at £476.8m based on Net Assets of £168.2m and 2.84x industry multiple (adjusted for liquidity).
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On The Beach Group Plc Overview
On The Beach Group Plc is a live company located in manchester, M1 2NQ with a Companies House number of 09736592. It operates in the travel agency activities sector, SIC Code 79110. Founded in August 2015, it's largest shareholder is undisclosed with a 100% stake. On The Beach Group Plc is a young, mega sized company, Pomanda has estimated its turnover at £170.2m with rapid growth in recent years.
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On The Beach Group Plc Health Check
Pomanda's financial health check has awarded On The Beach Group Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £170.2m, make it larger than the average company (£13.1m)
£170.2m - On The Beach Group Plc
£13.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 72%, show it is growing at a faster rate (-0.4%)
72% - On The Beach Group Plc
-0.4% - Industry AVG
Production
with a gross margin of 67%, this company has a lower cost of product (23.6%)
67% - On The Beach Group Plc
23.6% - Industry AVG
Profitability
an operating margin of 6.1% make it more profitable than the average company (3.3%)
6.1% - On The Beach Group Plc
3.3% - Industry AVG
Employees
with 681 employees, this is above the industry average (40)
681 - On The Beach Group Plc
40 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has a higher pay structure (£40.4k)
£54.6k - On The Beach Group Plc
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £249.9k, this is equally as efficient (£254.4k)
£249.9k - On The Beach Group Plc
£254.4k - Industry AVG
Debtor Days
it gets paid by customers after 316 days, this is later than average (34 days)
316 days - On The Beach Group Plc
34 days - Industry AVG
Creditor Days
its suppliers are paid after 1591 days, this is slower than average (36 days)
1591 days - On The Beach Group Plc
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - On The Beach Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 36 weeks, this is more cash available to meet short term requirements (24 weeks)
36 weeks - On The Beach Group Plc
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.4%, this is a lower level of debt than the average (83.8%)
61.4% - On The Beach Group Plc
83.8% - Industry AVG
on the beach group plc Credit Report and Business Information
On The Beach Group Plc Competitor Analysis
Perform a competitor analysis for on the beach group plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
on the beach group plc Ownership
ON THE BEACH GROUP PLC group structure
On The Beach Group Plc has 1 subsidiary company.
Ultimate parent company
ON THE BEACH GROUP PLC
09736592
1 subsidiary
on the beach group plc directors
On The Beach Group Plc currently has 9 directors. The longest serving directors include Mr Simon Cooper (Aug 2015) and Dr David Kelly (Oct 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Cooper | United Kingdom | 51 years | Aug 2015 | - | Director |
| Dr David Kelly | England | 60 years | Oct 2015 | - | Director |
| Ms Elaine O'Donnell | England | 53 years | Jul 2018 | - | Director |
| Mr Richard Pennycook | United Kingdom | 60 years | Apr 2019 | - | Director |
| Mr Shaun Morton | 42 years | Jul 2020 | - | Director | |
| The Rt Hon Justine Greening | England | 55 years | Mar 2021 | - | Director |
| Ms Zoe Harris | England | 48 years | Oct 2022 | - | Director |
| Mr Jonathan Wormald | United Kingdom | 46 years | Jun 2023 | - | Director |
| Mrs Veronica Sharma | England | 46 years | Sep 2023 | - | Director |
ON THE BEACH GROUP PLC financials
On The Beach Group Plc's latest turnover from September 2023 is £170.2 million and the company has net assets of £168.2 million. According to their latest financial statements, On The Beach Group Plc has 681 employees and maintains cash reserves of £184.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 170,200,000 | 143,400,000 | 21,200,000 | 33,700,000 | 140,400,000 | 104,300,000 | 83,600,000 | 71,321,000 | 63,124,000 | 45,768,000 |
| Other Income Or Grants | -2,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 54,200,000 | 48,500,000 | 6,800,000 | 17,700,000 | 48,400,000 | 11,700,000 | 0 | |||
| Gross Profit | 114,000,000 | 94,900,000 | 14,400,000 | 16,000,000 | 92,000,000 | 92,600,000 | 83,600,000 | |||
| Admin Expenses | 103,700,000 | 92,200,000 | 50,200,000 | 61,900,000 | 72,700,000 | 66,400,000 | 62,400,000 | |||
| Operating Profit | 10,300,000 | 2,700,000 | -35,800,000 | -45,900,000 | 19,300,000 | 26,200,000 | 21,200,000 | 16,822,000 | 8,014,000 | 3,753,000 |
| Interest Payable | 1,500,000 | 800,000 | 1,000,000 | 800,000 | 500,000 | 300,000 | 200,000 | 100,000 | 10,678,000 | 8,696,000 |
| Interest Receivable | 4,100,000 | 300,000 | 100,000 | 400,000 | 500,000 | 200,000 | 100,000 | 230,000 | 206,000 | 154,000 |
| Pre-Tax Profit | 12,900,000 | 2,200,000 | -36,700,000 | -46,300,000 | 19,300,000 | 26,100,000 | 21,100,000 | 16,952,000 | -2,458,000 | -4,789,000 |
| Tax | -2,300,000 | -500,000 | 6,500,000 | 7,500,000 | -3,700,000 | -4,600,000 | -3,100,000 | -2,645,000 | -2,030,000 | -962,000 |
| Profit After Tax | 10,600,000 | 1,700,000 | -30,200,000 | -38,800,000 | 15,600,000 | 21,500,000 | 18,000,000 | 14,307,000 | -4,488,000 | -5,751,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 4,600,000 | 3,900,000 | 4,000,000 | 0 | 0 | 0 |
| Retained Profit | 10,100,000 | 1,600,000 | -30,200,000 | -38,800,000 | 11,000,000 | 17,600,000 | 14,000,000 | 14,307,000 | -4,488,000 | -5,751,000 |
| Employee Costs | 37,200,000 | 35,500,000 | 23,100,000 | 19,400,000 | 19,900,000 | 14,700,000 | 13,200,000 | 9,568,000 | 8,505,000 | 6,554,000 |
| Number Of Employees | 681 | 619 | 494 | 550 | 521 | 504 | 337 | 315 | 319 | 249 |
| EBITDA* | 25,600,000 | 15,500,000 | -23,900,000 | -34,500,000 | 20,900,000 | 33,900,000 | 21,600,000 | 21,080,000 | 14,113,000 | 4,059,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,500,000 | 16,500,000 | 15,500,000 | 10,500,000 | 11,200,000 | 5,300,000 | 1,400,000 | 747,000 | 529,000 | 657,000 |
| Intangible Assets | 73,700,000 | 74,300,000 | 74,100,000 | 79,600,000 | 85,100,000 | 88,200,000 | 72,500,000 | 64,662,000 | 68,226,000 | 71,853,000 |
| Investments & Other | 0 | 0 | 0 | 600,000 | 600,000 | 800,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,600,000 | 4,000,000 | 3,600,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 84,600,000 | 87,400,000 | 86,000,000 | 90,100,000 | 96,300,000 | 93,500,000 | 73,900,000 | 65,409,000 | 68,755,000 | 72,510,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 147,400,000 | 100,800,000 | 79,500,000 | 58,900,000 | 64,700,000 | 58,800,000 | 47,400,000 | 27,764,000 | 28,047,000 | 22,279,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 17,900,000 | 21,600,000 | 15,400,000 | 45,800,000 | 29,900,000 | 12,700,000 | 9,100,000 | 2,169,000 | 1,951,000 | 2,455,000 |
| Cash | 184,400,000 | 133,900,000 | 56,000,000 | 36,500,000 | 54,800,000 | 85,700,000 | 71,600,000 | 51,632,000 | 34,775,000 | 31,003,000 |
| misc current assets | 900,000 | 3,200,000 | 39,000,000 | 26,300,000 | 44,000,000 | 1,300,000 | 0 | 1,683,000 | 677,000 | 65,000 |
| total current assets | 350,600,000 | 259,500,000 | 190,700,000 | 172,000,000 | 193,600,000 | 158,500,000 | 128,100,000 | 83,248,000 | 65,450,000 | 55,802,000 |
| total assets | 435,200,000 | 346,900,000 | 276,700,000 | 262,100,000 | 289,900,000 | 252,000,000 | 202,000,000 | 148,657,000 | 134,205,000 | 128,312,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 236,400,000 | 158,300,000 | 104,300,000 | 80,200,000 | 121,600,000 | 108,900,000 | 79,600,000 | 47,562,000 | 45,865,000 | 34,045,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,100,000 | 0 | 300,000 | 0 | 1,000,000 | 2,700,000 | 100,000 | 0 | 0 | 3,829,000 |
| hp & lease commitments | 7,800,000 | 8,400,000 | 0 | 400,000 | 300,000 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 19,100,000 | 20,400,000 | 19,700,000 | 22,700,000 | 27,500,000 | 15,600,000 | 19,300,000 | 11,950,000 | 11,934,000 | 7,061,000 |
| total current liabilities | 264,400,000 | 187,100,000 | 124,300,000 | 103,300,000 | 150,400,000 | 127,200,000 | 99,000,000 | 59,512,000 | 57,799,000 | 44,935,000 |
| loans | 5,200,000 | 6,000,000 | 5,000,000 | 7,600,000 | 8,400,000 | 0 | 0 | 0 | 0 | 79,065,000 |
| hp & lease commitments | 2,600,000 | 3,000,000 | 2,500,000 | 3,800,000 | 4,200,000 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 5,200,000 | 12,200,000 | 14,400,000 | 12,800,000 | 14,014,000 | 17,360,000 | 19,336,000 |
| total long term liabilities | 2,600,000 | 3,000,000 | 2,500,000 | 6,400,000 | 10,300,000 | 7,200,000 | 6,400,000 | 7,007,000 | 8,680,000 | 88,733,000 |
| total liabilities | 267,000,000 | 190,100,000 | 126,800,000 | 109,700,000 | 160,700,000 | 134,400,000 | 105,400,000 | 66,519,000 | 66,479,000 | 133,668,000 |
| net assets | 168,200,000 | 156,800,000 | 149,900,000 | 152,400,000 | 129,200,000 | 117,600,000 | 96,600,000 | 82,138,000 | 67,726,000 | -5,356,000 |
| total shareholders funds | 168,200,000 | 156,800,000 | 149,900,000 | 152,400,000 | 129,200,000 | 117,600,000 | 96,600,000 | 82,138,000 | 67,726,000 | -5,356,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 10,300,000 | 2,700,000 | -35,800,000 | -45,900,000 | 19,300,000 | 26,200,000 | 21,200,000 | 16,822,000 | 8,014,000 | 3,753,000 |
| Depreciation | 2,700,000 | 2,000,000 | 1,800,000 | 1,900,000 | 1,600,000 | 500,000 | 400,000 | 477,000 | 306,000 | |
| Amortisation | 12,600,000 | 10,800,000 | 10,100,000 | 9,500,000 | 0 | 7,200,000 | 0 | 4,258,000 | 5,622,000 | 0 |
| Tax | -2,300,000 | -500,000 | 6,500,000 | 7,500,000 | -3,700,000 | -4,600,000 | -3,100,000 | -2,645,000 | -2,030,000 | -962,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 41,500,000 | 27,900,000 | -6,200,000 | 10,100,000 | 23,100,000 | 15,000,000 | 26,567,000 | -65,000 | 5,264,000 | 24,734,000 |
| Creditors | 78,100,000 | 54,000,000 | 24,100,000 | -41,400,000 | 12,700,000 | 29,300,000 | 32,038,000 | 1,697,000 | 11,820,000 | 34,045,000 |
| Accruals and Deferred Income | -1,300,000 | 700,000 | -3,000,000 | -4,800,000 | 11,900,000 | -3,700,000 | 7,350,000 | 16,000 | 4,873,000 | 7,061,000 |
| Deferred Taxes & Provisions | 0 | 0 | -5,200,000 | -7,000,000 | -2,200,000 | 1,600,000 | -1,214,000 | -3,346,000 | -1,976,000 | 19,336,000 |
| Cash flow from operations | 58,600,000 | 41,800,000 | 4,700,000 | -90,300,000 | 16,500,000 | 41,500,000 | 30,107,000 | 21,536,000 | 38,805,000 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | -600,000 | 0 | -200,000 | 800,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 1,100,000 | -300,000 | 300,000 | -1,000,000 | -1,700,000 | 2,600,000 | 100,000 | 0 | -3,829,000 | 3,829,000 |
| Long term loans | -800,000 | 1,000,000 | -2,600,000 | -800,000 | 8,400,000 | 0 | 0 | 0 | -79,065,000 | 79,065,000 |
| Hire Purchase and Lease Commitments | -1,000,000 | 8,900,000 | -1,700,000 | -300,000 | 4,500,000 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 2,600,000 | -500,000 | -900,000 | -400,000 | 0 | -100,000 | -100,000 | 130,000 | -10,472,000 | -8,542,000 |
| cash flow from financing | 3,200,000 | 14,400,000 | 22,800,000 | 59,500,000 | 11,800,000 | 5,900,000 | 462,000 | 235,000 | -15,796,000 | 74,747,000 |
| cash and cash equivalents | ||||||||||
| cash | 50,500,000 | 77,900,000 | 19,500,000 | -18,300,000 | -30,900,000 | 14,100,000 | 19,968,000 | 16,857,000 | 3,772,000 | 31,003,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 50,500,000 | 77,900,000 | 19,500,000 | -18,300,000 | -30,900,000 | 14,100,000 | 19,968,000 | 16,857,000 | 3,772,000 | 31,003,000 |
P&L
September 2023turnover
170.2m
+19%
operating profit
10.3m
+281%
gross margin
67%
+1.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
168.2m
+0.07%
total assets
435.2m
+0.25%
cash
184.4m
+0.38%
net assets
Total assets minus all liabilities
on the beach group plc company details
company number
09736592
Type
Public limited with Share Capital
industry
79110 - Travel agency activities
incorporation date
August 2015
age
9
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
5 adair street, manchester, M1 2NQ
last accounts submitted
September 2023
on the beach group plc 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 5 charges/mortgages relating to on the beach group plc. Currently there are 1 open charges and 4 have been satisfied in the past.
on the beach group plc Companies House Filings - See Documents
| date | description | view/download |
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