travelsmart international group limited

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travelsmart international group limited Company Information

Share TRAVELSMART INTERNATIONAL GROUP LIMITED

Company Number

12351407

Shareholders

synova capital general partner 4 limited

ben block

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Group Structure

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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

travelsmart international group limited Estimated Valuation

£116.5m

Pomanda 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).

travelsmart international group limited Estimated Valuation

£0

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).

travelsmart international group limited Estimated Valuation

£0

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 Overview

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.

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Travelsmart International Group Limited Health Check

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

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

6 Weak

size

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

Growth

There is insufficient data available for this Key Performance Indicator!

- - Travelsmart International Group Limited

- - Industry AVG

production

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

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

Employees

with 65 employees, this is below the industry average (102)

65 - Travelsmart International Group Limited

102 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £1m, this is more efficient (£182.9k)

£1m - Travelsmart International Group Limited

£182.9k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Travelsmart International Group Limited

- - Industry AVG

cashbalance

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

debtlevel

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 financials

EXPORTms excel logo

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 HousePomanda Estimates

Apr 2023Apr 2022Apr 2021
Turnover65,083,47239,605,61713,219,448
Other Income Or Grants
Cost Of Sales53,664,82032,299,69411,430,249
Gross Profit11,418,6527,305,9231,789,199
Admin Expenses11,426,2482,642,9907,063,867
Operating Profit-7,5964,662,933-5,274,668
Interest Payable469,399337,43850,081
Interest Receivable28,8815,65910,384
Pre-Tax Profit-448,1144,331,154-5,314,365
Tax
Profit After Tax-448,1144,331,154-5,314,365
Dividends Paid
Retained Profit-448,1144,331,154-5,314,365
Employee Costs3,723,0452,557,1001,965,777
Number Of Employees655540
EBITDA*-6,2674,665,013-5,255,782

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021
Tangible Assets7,4227,7979,877
Intangible Assets5,961,0216,756,8487,534,310
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets5,968,4436,764,6457,544,187
Stock & work in progress
Trade Debtors1,551,6891,670,179936,928
Group Debtors
Misc Debtors2,964,8927,728,7313,655,497
Cash5,599,2807,161,62611,608,149
misc current assets
total current assets10,115,86116,560,53616,200,574
total assets16,084,30423,325,18123,744,761
Bank overdraft47,63023,591
Bank loan6,189,131
Trade Creditors 14,109,01915,717,7796,822,484
Group/Directors Accounts
other short term finances500,000
hp & lease commitments
other current liabilities7,410,04011,274,12418,038,450
total current liabilities28,255,82027,015,49424,860,934
loans6,689,1316,689,131
hp & lease commitments
Accruals and Deferred Income
other liabilities2,000,0007,983,711
provisions
total long term liabilities8,689,13114,672,842
total liabilities28,255,82035,704,62539,533,776
net assets-12,171,516-12,379,444-15,789,015
total shareholders funds-12,171,516-12,379,444-15,789,015
Apr 2023Apr 2022Apr 2021
Operating Activities
Operating Profit-7,5964,662,933-5,274,668
Depreciation1,3292,08018,886
Amortisation
Tax
Stock
Debtors-4,882,3294,806,4854,592,425
Creditors-1,608,7608,895,2956,822,484
Accruals and Deferred Income-3,864,084-6,764,32618,038,450
Deferred Taxes & Provisions
Cash flow from operations-596,7821,989,49715,012,727
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans6,189,131
Group/Directors Accounts
Other Short Term Loans 500,000
Long term loans-6,689,1316,689,131
Hire Purchase and Lease Commitments
other long term liabilities-2,000,000-5,983,7117,983,711
share issue656,042-921,583-10,474,650
interest-440,518-331,779-39,697
cash flow from financing-1,784,476-7,237,0734,158,495
cash and cash equivalents
cash-1,562,346-4,446,52311,608,149
overdraft24,03923,591
change in cash-1,586,385-4,470,11411,608,149

travelsmart international group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Travelsmart International Group Limited Competitor Analysis

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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 Ownership

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 Shareholders

synova capital general partner 4 limited 42.93%
ben block 8.16%
brian accomando 7.34%
chris accomando 6.8%
catherine wilber 6.8%
ann marie accomando 6.8%
mark accomando 6.8%
ben braude 5.47%
travelsmart ebt limited 2.66%
stuart jackson 1.59%

travelsmart international group limited directors

Travelsmart International Group Limited currently has 7 directors. The longest serving directors include Mr Alexander Bowden (Dec 2019) and Mr Alex Bowden (Dec 2019).

officercountryagestartendrole
Mr Alexander BowdenUnited Kingdom51 years Dec 2019- Director
Mr Alex BowdenEngland51 years Dec 2019- Director
Mr Ben BlockUnited Kingdom48 years Feb 2020- Director
Mr Brian GordonUnited Kingdom50 years Feb 2020- Director
Mr Ian Coghlan59 years Feb 2020- Director
Mr Mark AccomandoUnited Kingdom35 years Feb 2020- Director
Mr Greg DejakEngland44 years Nov 2020- Director

P&L

April 2023

turnover

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 2023

net assets

-12.2m

-0.02%

total assets

16.1m

-0.31%

cash

5.6m

-0.22%

net assets

Total assets minus all liabilities

travelsmart international group limited company details

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

-

travelsmart international group 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 travelsmart international group limited. Currently there are 0 open charges and 2 have been satisfied in the past.

travelsmart international group limited Capital Raised & Share Issues BETA

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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travelsmart international group limited Companies House Filings - See Documents

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