Vuelos Baratos Limited

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vuelos baratos limited Company Information

Live

MatureMicroDeclining

Company Number

NI049515

Website

Registered Address

5-6 magazine street, londonderry, BT48 6HJ

Industry

Web portals

Telephone

02871368630

Next Accounts Due

September 2024

Group Structure

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Directors

Marcello Alderi20 Years

Stephen Marner19 Years

Shareholders

distrimed europe s.l.u. 97%

stephen marner 3%

vuelos baratos limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of VUELOS BARATOS LIMITED at £4m based on Net Assets of £5m and 0.81x industry multiple (adjusted for liquidity).

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Vuelos Baratos Limited is a live company located in londonderry, BT48 6HJ with a Companies House number of NI049515. It operates in the web portals sector, SIC Code 63120. Founded in February 2004, it's largest shareholder is distrimed europe s.l.u. with a 97% stake. Vuelos Baratos Limited is a mature, micro sized company, Pomanda has estimated its turnover at £419.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Vuelos Baratos Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £419.1k, make it smaller than the average company (£2.6m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (5.9%)

EXPORT

Vuelos Baratos Limited's latest turnover from December 2022 is estimated at £419.1 thousand and the company has net assets of £5 million. According to their latest financial statements, Vuelos Baratos Limited has 6 employees and maintains cash reserves of £4.8 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	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	419,097	356,899	293,085	608,755	638,301	581,935	569,905	655,965	2,364,540	2,702,244	2,415,096	2,187,202	2,501,908	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	178,004	109,559	89,684	199,752	207,356	191,681	232,350	247,309	966,016	960,204	761,078	689,489	797,363	0
Gross Profit	241,093	247,340	203,401	409,003	430,945	390,254	337,556	408,656	1,398,525	1,742,040	1,654,018	1,497,713	1,704,545	0
Admin Expenses	366,300	517,875	1,102,367	1,127,375	563,198	-16,201	-841,599	219,835	845,612	319,884	581,645	256,554	409,707	-1,534,964
Operating Profit	-125,207	-270,535	-898,966	-718,372	-132,253	406,455	1,179,155	188,821	552,913	1,422,156	1,072,373	1,241,159	1,294,838	1,534,964
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	168,558	12,305	5,461	46,861	50,293	32,760	14,189	25,243	24,567	20,920	15,883	11,492	7,754	3,159
Pre-Tax Profit	43,351	-258,230	-893,505	-671,511	-81,960	439,215	1,193,344	214,064	577,480	1,443,075	1,088,257	1,252,651	1,302,592	1,538,124
Tax	-8,237	0	0	0	0	-83,451	-238,669	-42,813	-121,271	-331,907	-261,182	-325,689	-364,726	-430,675
Profit After Tax	35,114	-258,230	-893,505	-671,511	-81,960	355,764	954,675	171,251	456,209	1,111,168	827,075	926,962	937,866	1,107,449
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	35,114	-258,230	-893,505	-671,511	-81,960	355,764	954,675	171,251	456,209	1,111,168	827,075	926,962	937,866	1,107,449
Employee Costs	295,880	309,670	314,781	296,911	301,922	240,723	225,066	221,276	768,958	927,189	801,330	724,413	1,053,320	0
Number Of Employees	6	6	6	6	6	5	5	5	16	20	19	18	26	0
EBITDA*	-124,290	-269,145	-896,931	-716,013	-129,225	408,984	1,181,171	190,839	554,780	1,425,739	1,076,047	1,244,083	1,302,074	1,541,265

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	469	1,376	2,744	3,108	3,528	4,564	4,388	2,260	2,795	3,247	6,185	4,162	6,824	13,522
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	1	0	1	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	25,153	26,675	5,018	1,689	3,244	6,675	0	0	0	0	0	0
Total Fixed Assets	469	1,377	27,899	29,784	8,547	6,253	7,632	8,935	2,795	3,247	6,185	4,162	6,824	13,522
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	40,638	32,257	16,789	61,763	83,832	86,140	98,044	102,427	367,077	407,045	392,338	395,150	483,616	458,068
Group Debtors	40,287	39,507	38,712	0	0	0	0	46,570	0	0	0	0	0	0
Misc Debtors	109,013	120,278	138,335	283,921	145,465	160,608	384,594	385,876	0	0	0	0	0	0
Cash	4,829,340	4,802,521	5,041,564	5,881,322	6,614,936	6,796,498	6,307,420	5,043,750	5,053,263	4,773,533	3,594,285	2,758,949	1,837,846	1,263,786
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,019,280	4,994,564	5,235,401	6,227,006	6,844,233	7,043,246	6,790,058	5,578,623	5,420,340	5,180,578	3,986,623	3,154,099	2,321,462	1,721,854
total assets	5,019,749	4,995,941	5,263,300	6,256,790	6,852,780	7,049,499	6,797,690	5,587,558	5,423,135	5,183,825	3,992,808	3,158,261	2,328,286	1,735,376
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	5,359	18,898	22,564	95,504	52,188	42,764	37,108	24,517	56,306	273,205	193,356	185,884	282,871	627,827
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	35,961	33,728	39,192	66,232	34,032	158,216	267,827	24,961	0	0	0	0	0	0
total current liabilities	41,321	52,627	61,757	161,736	86,221	200,980	304,935	49,478	56,306	273,205	193,356	185,884	282,871	627,827
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	41,321	52,627	61,757	161,736	86,221	200,980	304,935	49,478	56,306	273,205	193,356	185,884	282,871	627,827
net assets	4,978,428	4,943,314	5,201,543	6,095,054	6,766,559	6,848,519	6,492,755	5,538,080	5,366,829	4,910,620	3,799,452	2,972,377	2,045,415	1,107,549
total shareholders funds	4,978,428	4,943,314	5,201,543	6,095,054	6,766,559	6,848,519	6,492,755	5,538,080	5,366,829	4,910,620	3,799,452	2,972,377	2,045,415	1,107,549

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-125,207	-270,535	-898,966	-718,372	-132,253	406,455	1,179,155	188,821	552,913	1,422,156	1,072,373	1,241,159	1,294,838	1,534,964
Depreciation	917	1,390	2,036	2,358	3,028	2,529	2,016	2,018	1,867	3,583	3,674	2,924	7,236	6,301
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,237	0	0	0	0	-83,451	-238,669	-42,813	-121,271	-331,907	-261,182	-325,689	-364,726	-430,675
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-2,104	-26,947	-153,368	138,044	-14,123	-237,445	-55,666	174,471	-39,968	14,707	-2,812	-88,466	25,548	458,068
Creditors	-13,539	-3,666	-72,940	43,316	9,424	5,656	12,591	-31,789	-216,899	79,849	7,472	-96,987	-344,956	627,827
Accruals and Deferred Income	2,233	-5,464	-27,040	32,200	-124,184	-109,611	242,866	24,961	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-141,729	-251,328	-843,542	-778,542	-229,862	459,023	1,253,625	-33,273	256,578	1,158,974	825,149	909,873	566,844	1,280,349
Investing Activities
capital expenditure	-10	-22	-1,672	-1,938	-1,992	-2,705	-4,144	-1,483	-1,415	-645	-5,697	-262	-538	-19,823
Change in Investments	0	-1	0	0	1	0	0	0	0	0	0	0	0	0
cash flow from investments	-10	-21	-1,672	-1,938	-1,993	-2,705	-4,144	-1,483	-1,415	-645	-5,697	-262	-538	-19,823
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	1	1	-6	6	0	0	0	0	0	0	0	0	0	100
interest	168,558	12,305	5,461	46,861	50,293	32,760	14,189	25,243	24,567	20,920	15,883	11,492	7,754	3,159
cash flow from financing	168,559	12,306	5,455	46,867	50,293	32,760	14,189	25,243	24,567	20,920	15,883	11,492	7,754	3,259
cash and cash equivalents
cash	26,820	-239,043	-839,758	-733,614	-181,562	489,078	1,263,670	-9,513	279,730	1,179,248	835,336	921,103	574,060	1,263,786
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	26,820	-239,043	-839,758	-733,614	-181,562	489,078	1,263,670	-9,513	279,730	1,179,248	835,336	921,103	574,060	1,263,786

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VUELOS BARATOS LIMITED group structure

Vuelos Baratos Limited has no subsidiary companies.

Ultimate parent company

VUELOS BARATOS LIMITED

NI049515

VUELOS BARATOS LIMITED Shareholders

distrimed europe s.l.u.	97%
stephen marner	3%

Vuelos Baratos Limited currently has 2 directors. The longest serving directors include Mr Marcello Alderi (Feb 2004) and Mr Stephen Marner (Oct 2004).

officer	country	age	start	end	role
Mr Marcello Alderi	Northern Ireland	55 years	Feb 2004	-	Director
Mr Stephen Marner	Northern Ireland	52 years	Oct 2004	-	Director

P&L

December 2022

turnover

419.1k

+17%

operating profit

-125.2k

gross margin

57.6%

-16.99%

turnover

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

Balance Sheet

December 2022

net assets

+0.01%

total assets

cash

4.8m

+0.01%

net assets

Total assets minus all liabilities

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company number

NI049515

Type

Private limited with Share Capital

industry

63120 - Web portals

incorporation date

February 2004

accounts

Total Exemption Full

ultimate parent company

None

previous names

cheapflights international limited (February 2004)

last accounts submitted

December 2022

address

5-6 magazine street, londonderry, BT48 6HJ

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.

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vuelos baratos limited Company Information

vuelos baratos limited Estimated Valuation

vuelos baratos limited Estimated Valuation

vuelos baratos limited Estimated Valuation

Vuelos Baratos Limited Overview

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VUELOS BARATOS LIMITED financials

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