
Company Number
12351407
Next Accounts
91 days late
Shareholders
synova capital general partner 4 limited
ben block
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
c/o kroll advisory ltd, the shard, london, SE1 9SG
Website
synova-capital.comPomanda estimates the enterprise value of TRAVELSMART INTERNATIONAL GROUP LIMITED at £116.5m based on a Turnover of £65.1m and 1.79x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of TRAVELSMART INTERNATIONAL GROUP LIMITED at £0 based on an EBITDA of £-6.3k and a 7.48x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of TRAVELSMART INTERNATIONAL GROUP LIMITED at £0 based on Net Assets of £-12.2m and 1.31x industry multiple (adjusted for liquidity).
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Travelsmart International Group Limited is a live company located in london, SE1 9SG with a Companies House number of 12351407. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2019, it's largest shareholder is synova capital general partner 4 limited with a 42.9% stake. Travelsmart International Group Limited is a young, large sized company, Pomanda has estimated its turnover at £65.1m with unknown growth in recent years.
Pomanda's financial health check has awarded Travelsmart International Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
6 Weak
Size
annual sales of £65.1m, make it larger than the average company (£18.4m)
£65.1m - Travelsmart International Group Limited
£18.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Travelsmart International Group Limited
- - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (34.9%)
17.5% - Travelsmart International Group Limited
34.9% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (4.9%)
0% - Travelsmart International Group Limited
4.9% - Industry AVG
Employees
with 65 employees, this is below the industry average (102)
65 - Travelsmart International Group Limited
102 - Industry AVG
Pay Structure
on an average salary of £57.3k, the company has a higher pay structure (£42.2k)
£57.3k - Travelsmart International Group Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£182.9k)
£1m - Travelsmart International Group Limited
£182.9k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (45 days)
8 days - Travelsmart International Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (45 days)
95 days - Travelsmart International Group Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Travelsmart International Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (15 weeks)
10 weeks - Travelsmart International Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 175.7%, this is a higher level of debt than the average (68.9%)
175.7% - Travelsmart International Group Limited
68.9% - Industry AVG
Travelsmart International Group Limited's latest turnover from April 2023 is £65.1 million and the company has net assets of -£12.2 million. According to their latest financial statements, Travelsmart International Group Limited has 65 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Apr 2023 | Apr 2022 | Apr 2021 | |
---|---|---|---|
Turnover | 65,083,472 | 39,605,617 | 13,219,448 |
Other Income Or Grants | |||
Cost Of Sales | 53,664,820 | 32,299,694 | 11,430,249 |
Gross Profit | 11,418,652 | 7,305,923 | 1,789,199 |
Admin Expenses | 11,426,248 | 2,642,990 | 7,063,867 |
Operating Profit | -7,596 | 4,662,933 | -5,274,668 |
Interest Payable | 469,399 | 337,438 | 50,081 |
Interest Receivable | 28,881 | 5,659 | 10,384 |
Pre-Tax Profit | -448,114 | 4,331,154 | -5,314,365 |
Tax | |||
Profit After Tax | -448,114 | 4,331,154 | -5,314,365 |
Dividends Paid | |||
Retained Profit | -448,114 | 4,331,154 | -5,314,365 |
Employee Costs | 3,723,045 | 2,557,100 | 1,965,777 |
Number Of Employees | 65 | 55 | 40 |
EBITDA* | -6,267 | 4,665,013 | -5,255,782 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023 | Apr 2022 | Apr 2021 | |
---|---|---|---|
Tangible Assets | 7,422 | 7,797 | 9,877 |
Intangible Assets | 5,961,021 | 6,756,848 | 7,534,310 |
Investments & Other | |||
Debtors (Due After 1 year) | |||
Total Fixed Assets | 5,968,443 | 6,764,645 | 7,544,187 |
Stock & work in progress | |||
Trade Debtors | 1,551,689 | 1,670,179 | 936,928 |
Group Debtors | |||
Misc Debtors | 2,964,892 | 7,728,731 | 3,655,497 |
Cash | 5,599,280 | 7,161,626 | 11,608,149 |
misc current assets | |||
total current assets | 10,115,861 | 16,560,536 | 16,200,574 |
total assets | 16,084,304 | 23,325,181 | 23,744,761 |
Bank overdraft | 47,630 | 23,591 | |
Bank loan | 6,189,131 | ||
Trade Creditors | 14,109,019 | 15,717,779 | 6,822,484 |
Group/Directors Accounts | |||
other short term finances | 500,000 | ||
hp & lease commitments | |||
other current liabilities | 7,410,040 | 11,274,124 | 18,038,450 |
total current liabilities | 28,255,820 | 27,015,494 | 24,860,934 |
loans | 6,689,131 | 6,689,131 | |
hp & lease commitments | |||
Accruals and Deferred Income | |||
other liabilities | 2,000,000 | 7,983,711 | |
provisions | |||
total long term liabilities | 8,689,131 | 14,672,842 | |
total liabilities | 28,255,820 | 35,704,625 | 39,533,776 |
net assets | -12,171,516 | -12,379,444 | -15,789,015 |
total shareholders funds | -12,171,516 | -12,379,444 | -15,789,015 |
Apr 2023 | Apr 2022 | Apr 2021 | |
---|---|---|---|
Operating Activities | |||
Operating Profit | -7,596 | 4,662,933 | -5,274,668 |
Depreciation | 1,329 | 2,080 | 18,886 |
Amortisation | |||
Tax | |||
Stock | |||
Debtors | -4,882,329 | 4,806,485 | 4,592,425 |
Creditors | -1,608,760 | 8,895,295 | 6,822,484 |
Accruals and Deferred Income | -3,864,084 | -6,764,326 | 18,038,450 |
Deferred Taxes & Provisions | |||
Cash flow from operations | -596,782 | 1,989,497 | 15,012,727 |
Investing Activities | |||
capital expenditure | |||
Change in Investments | |||
cash flow from investments | |||
Financing Activities | |||
Bank loans | 6,189,131 | ||
Group/Directors Accounts | |||
Other Short Term Loans | 500,000 | ||
Long term loans | -6,689,131 | 6,689,131 | |
Hire Purchase and Lease Commitments | |||
other long term liabilities | -2,000,000 | -5,983,711 | 7,983,711 |
share issue | |||
interest | -440,518 | -331,779 | -39,697 |
cash flow from financing | -1,784,476 | -7,237,073 | 4,158,495 |
cash and cash equivalents | |||
cash | -1,562,346 | -4,446,523 | 11,608,149 |
overdraft | 24,039 | 23,591 | |
change in cash | -1,586,385 | -4,470,114 | 11,608,149 |
Perform a competitor analysis for travelsmart international group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
TRAVELSMART INTERNATIONAL GROUP LIMITED group structure
Travelsmart International Group Limited has 1 subsidiary company.
Ultimate parent company
2 parents
TRAVELSMART INTERNATIONAL GROUP LIMITED
12351407
1 subsidiary
Travelsmart International Group Limited currently has 7 directors. The longest serving directors include Mr Alexander Bowden (Dec 2019) and Mr Alex Bowden (Dec 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Alexander Bowden | United Kingdom | 51 years | Dec 2019 | - | Director |
Mr Alex Bowden | England | 51 years | Dec 2019 | - | Director |
Mr Ben Block | United Kingdom | 48 years | Feb 2020 | - | Director |
Mr Brian Gordon | United Kingdom | 50 years | Feb 2020 | - | Director |
Mr Ian Coghlan | 59 years | Feb 2020 | - | Director | |
Mr Mark Accomando | United Kingdom | 35 years | Feb 2020 | - | Director |
Mr Greg Dejak | England | 44 years | Nov 2020 | - | Director |
P&L
April 2023turnover
65.1m
+64%
operating profit
-7.6k
-100%
gross margin
17.6%
-4.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-12.2m
-0.02%
total assets
16.1m
-0.31%
cash
5.6m
-0.22%
net assets
Total assets minus all liabilities
company number
12351407
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
December 2019
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2023
previous names
destination topco limited (March 2020)
accountant
ELMAN WALL LIMITED
auditor
XEINADIN AUDIT LIMITED
address
c/o kroll advisory ltd, the shard, london, SE1 9SG
Bank
-
Legal Advisor
-
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 travelsmart international group limited. Currently there are 0 open charges and 2 have been satisfied in the past.
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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