Glen Travel Limited

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glen travel limited Company Information

Live

MatureSmallHigh

Company Number

SC061066

Website

www.glentravel.co.uk

Registered Address

227 glasgow road, blantyre, glasgow, G72 0YS

Industry

Travel agency activities

Telephone

08000093134

Next Accounts Due

June 2025

Group Structure

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Directors

David Glen31 Years

Alan Glen31 Years

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Shareholders

david duncan glen 33.3%

alan john glen 33.3%

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glen travel limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of GLEN TRAVEL LIMITED at £1.8m based on a Turnover of £3.4m and 0.53x industry multiple (adjusted for size and gross margin).

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Glen Travel Limited is a live company located in glasgow, G72 0YS with a Companies House number of SC061066. It operates in the travel agency activities sector, SIC Code 79110. Founded in November 1976, it's largest shareholder is david duncan glen with a 33.3% stake. Glen Travel Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with high growth in recent years.

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Pomanda's financial health check has awarded Glen Travel Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (-0.4%)

EXPORT

Glen Travel Limited's latest turnover from September 2023 is estimated at £3.4 million and the company has net assets of £318.1 thousand. According to their latest financial statements, Glen Travel Limited has 18 employees and maintains cash reserves of £898.4 thousand 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	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	3,366,212	1,501,730	694,581	1,772,979	3,933,825	3,716,444	5,944,905	5,461,098	2,869,294	4,442,240	2,176,173	2,134,213	2,015,103	2,557,165	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,572,454	1,150,117	533,885	1,386,534	3,112,308	2,939,915	5,577,806	5,084,875	2,382,300	3,716,310	1,823,089	1,801,322	1,710,227	2,203,862	0
Gross Profit	793,758	351,613	160,696	386,445	821,517	776,528	367,099	376,223	486,994	725,930	353,084	332,891	304,876	353,303	0
Admin Expenses	633,659	243,648	188,115	378,228	745,129	737,795	359,294	334,069	473,037	713,269	411,437	367,370	350,857	348,737	-224,330
Operating Profit	160,099	107,965	-27,419	8,217	76,388	38,733	7,805	42,154	13,957	12,661	-58,353	-34,479	-45,981	4,566	224,330
Interest Payable	33,688	37,490	28,119	20,129	16,343	17,056	5,963	0	0	0	0	0	0	0	0
Interest Receivable	47,774	15,520	421	468	3,015	2,084	15	69	1,513	1,270	1,078	1,201	1,559	1,550	641
Pre-Tax Profit	174,185	85,995	-55,116	-11,444	63,059	23,762	1,857	42,223	15,470	13,930	-57,275	-33,278	-44,422	6,117	224,971
Tax	-43,546	-16,339	0	0	-11,981	-4,515	0	-14,845	-3,094	-2,925	0	0	0	-1,713	-62,992
Profit After Tax	130,639	69,656	-55,116	-11,444	51,078	19,247	1,857	27,378	12,376	11,005	-57,275	-33,278	-44,422	4,404	161,979
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	130,639	69,656	-55,116	-11,444	51,078	19,247	1,857	27,378	12,376	11,005	-57,275	-33,278	-44,422	4,404	161,979
Employee Costs	727,856	487,264	435,468	525,115	474,286	455,798	194,908	183,124	322,802	494,833	257,560	222,574	225,772	297,319	0
Number Of Employees	18	13	13	15	14	14	9	8	11	17	9	8	8	11	0
EBITDA*	184,925	131,807	73	37,977	115,852	67,903	15,487	44,384	20,986	18,489	-51,368	-28,179	-38,583	12,158	232,199

* 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	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	56,271	330,441	344,650	338,998	347,621	358,666	314,325	44,603	44,074	37,751	36,002	39,956	38,901	43,197	44,340
Intangible Assets	32,088	37,750	44,411	52,248	58,641	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	5,000	0	0	0	0
Total Fixed Assets	88,359	368,191	389,061	391,246	406,262	358,666	314,325	44,603	44,074	37,751	41,002	39,956	38,901	43,197	44,340
Stock & work in progress	0	0	0	0	0	0	0	0	4,517	7,512	0	0	0	0	0
Trade Debtors	112,096	183,661	97,928	118,858	222,315	211,701	207,204	151,375	138,991	244,832	91,524	100,654	112,508	125,055	185,028
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	91,752	94,166	98,571	50,731	57,398	33,463	67,427	63,235	0	0	1,009	17,000	0	0	0
Cash	898,436	1,012,527	367,069	475,489	459,531	344,351	211,495	363,330	307,803	297,465	210,348	220,708	259,749	363,878	256,273
misc current assets	106,305	0	23,664	17,541	14,384	12,423	24,846	0	0	0	0	0	0	0	0
total current assets	1,208,589	1,290,354	587,232	662,619	753,628	601,938	510,972	577,940	451,311	549,809	302,881	338,362	372,257	488,933	441,301
total assets	1,296,948	1,658,545	976,293	1,053,865	1,159,890	960,604	825,297	622,543	495,385	587,560	343,883	378,318	411,158	532,130	485,641
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	173,435	184,588	17,017	13,239	11,794	11,866	0	0	0	0	0	0	0	0
Trade Creditors	562,200	513,859	133,076	114,361	650,729	460,761	412,389	416,200	380,596	477,647	252,475	229,635	229,197	305,747	263,662
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	119,732	64,782	66,258	43,167	2,672	31,543	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	1,031	1,031	0	0	0	0	0	0	0	0	0
other current liabilities	216,933	492,394	201,029	307,758	84,137	84,521	50,712	87,227	0	0	0	0	0	0	0
total current liabilities	898,865	1,244,470	584,951	482,303	751,808	589,650	474,967	503,427	380,596	477,647	252,475	229,635	229,197	305,747	263,662
loans	66,000	188,558	231,226	379,664	204,208	220,792	229,357	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	258	1,288	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	5,280	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	7,500	0	0	0	0	0
provisions	13,999	12,765	17,020	18,993	19,267	10,323	6,949	6,949	0	0	0	0	0	0	0
total long term liabilities	79,999	201,323	248,246	398,657	223,733	237,683	236,306	6,949	0	7,500	0	0	0	0	0
total liabilities	978,864	1,445,793	833,197	880,960	975,541	827,333	711,273	510,376	380,596	485,147	252,475	229,635	229,197	305,747	263,662
net assets	318,084	212,752	143,096	172,905	184,349	133,271	114,024	112,167	114,789	102,413	91,408	148,683	181,961	226,383	221,979
total shareholders funds	318,084	212,752	143,096	172,905	184,349	133,271	114,024	112,167	114,789	102,413	91,408	148,683	181,961	226,383	221,979

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	160,099	107,965	-27,419	8,217	76,388	38,733	7,805	42,154	13,957	12,661	-58,353	-34,479	-45,981	4,566	224,330
Depreciation	12,414	17,180	19,654	23,367	34,180	29,170	7,682	2,230	7,029	5,828	6,985	6,300	7,398	7,592	7,869
Amortisation	12,412	6,662	7,838	6,393	5,284	0	0	0	0	0	0	0	0	0	0
Tax	-43,546	-16,339	0	0	-11,981	-4,515	0	-14,845	-3,094	-2,925	0	0	0	-1,713	-62,992
Stock	0	0	0	0	0	0	0	-4,517	-2,995	7,512	0	0	0	0	0
Debtors	-73,979	81,328	26,910	-110,124	34,549	-29,467	60,021	75,619	-105,841	147,299	-20,121	5,146	-12,547	-59,973	185,028
Creditors	48,341	380,783	18,715	-536,368	189,968	48,372	-3,811	35,604	-97,051	225,172	22,840	438	-76,550	42,085	263,662
Accruals and Deferred Income	-275,461	291,365	-106,729	223,621	-5,664	39,089	-36,515	87,227	0	0	0	0	0	0	0
Deferred Taxes & Provisions	1,234	-4,255	-1,973	-274	8,944	3,374	0	6,949	0	0	0	0	0	0	0
Cash flow from operations	-10,528	702,033	-116,824	-164,920	262,570	183,690	-84,860	88,217	29,677	85,925	-8,407	-32,887	-102,586	112,503	247,841
Investing Activities
capital expenditure	255,006	-2,972	-25,307	-14,744	-87,060	-73,511	-277,404	-2,759	-13,352	-7,577	-3,031	-7,355	-3,102	-6,449	-52,209
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	255,006	-2,972	-25,307	-14,744	-87,060	-73,511	-277,404	-2,759	-13,352	-7,577	-3,031	-7,355	-3,102	-6,449	-52,209
Financing Activities
Bank loans	-173,435	-11,153	167,571	3,778	1,445	-72	11,866	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	0
Other Short Term Loans	54,950	-1,476	23,091	40,495	-28,871	31,543	0	0	0	0	0	0	0	0	0
Long term loans	-122,558	-42,668	-148,438	175,456	-16,584	-8,565	229,357	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-1,289	-1,030	2,319	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-7,500	7,500	0	0	0	0	0
share issue	-25,307	0	25,307	0	0	0	0	-30,000	0	0	0	0	0	0	60,000
interest	14,086	-21,970	-27,698	-19,661	-13,328	-14,972	-5,948	69	1,513	1,270	1,078	1,201	1,559	1,550	641
cash flow from financing	-252,264	-77,267	39,833	198,779	-58,368	10,253	235,275	-29,931	-5,987	8,770	1,078	1,201	1,559	1,550	60,641
cash and cash equivalents
cash	-114,091	645,458	-108,420	15,958	115,180	132,856	-151,835	55,527	10,338	87,117	-10,360	-39,041	-104,129	107,605	256,273
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-114,091	645,458	-108,420	15,958	115,180	132,856	-151,835	55,527	10,338	87,117	-10,360	-39,041	-104,129	107,605	256,273

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLEN TRAVEL LIMITED group structure

Glen Travel Limited has no subsidiary companies.

Ultimate parent company

GLEN TRAVEL LIMITED

SC061066

GLEN TRAVEL LIMITED Shareholders

david duncan glen	33.33%
alan john glen	33.33%
douglas kelso glen	33.33%

Glen Travel Limited currently has 3 directors. The longest serving directors include Mr David Glen (May 1993) and Mr Alan Glen (May 1993).

officer	country	age	start	end	role
Mr David Glen		63 years	May 1993	-	Director
Mr Alan Glen	Scotland	60 years	May 1993	-	Director
Mr Douglas Glen	United Kingdom	56 years	Jul 2000	-	Director

P&L

September 2023

turnover

3.4m

+124%

operating profit

160.1k

gross margin

23.6%

+0.71%

turnover

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

Balance Sheet

September 2023

net assets

318.1k

+0.5%

total assets

1.3m

-0.22%

cash

898.4k

-0.11%

net assets

Total assets minus all liabilities

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company number

SC061066

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

incorporation date

November 1976

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

227 glasgow road, blantyre, glasgow, G72 0YS

last accounts submitted

September 2023

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 glen travel limited.

glen travel limited Company Information

glen travel limited Estimated Valuation

glen travel limited Estimated Valuation

glen travel limited Estimated Valuation

Glen Travel Limited Overview

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GLEN TRAVEL LIMITED financials

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