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Freedom Destinations Limited

04225116

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

MANUFACTORY HOUSE, HERTFORD, SG14 1BP
Incorporated 30/05/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

79110
Travel agency activities

Officers

Frances Ruth Anne Wallis

secretary · Since 28/11/2001

BRITISH · Age 73

Also on 2 other boards

Mr David Philip Wallis

director · Since 28/11/2001

DIRECTOR

BRITISH · ENGLAND · Age 73

Also on 3 other boards

Persons with Significant Control

Mr David Philip Wallis

75–100% shares
75–100% votes
Appoint directors

British · England · Age 73

Manufactory House, Bell Lane, Hertford, SG14 1BP

Notified 30/05/2017

Charges0 outstanding

charge
satisfied

VERTEX LIFE & PENSIONS LIMITED

Created 07/08/2007Registered 16/08/2007Satisfied 22/09/2012
charge
satisfied

RENTOKIL INITIAL SERVICES LIMITED

Created 03/09/2004Registered 14/09/2004Satisfied 05/10/2012
charge
satisfied

HSBC BANK PLC

Created 26/04/2004Registered 01/05/2004Satisfied 23/09/2024

CompanyRankvs 408+ SIC 79110 peers
76

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.72× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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408Freedom Destinations Limited
82
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con

Key FinancialsYear ending 31/03/2025

Turnover

£24.8M

Annual revenue

Net Worth

£5.7M

Balance sheet strength

Cash

£7.3M

Cash in the bank

Profit Before Tax

£1.9M

Bottom line earnings

Net Current Assets

£7.1M

Working capital

Current Assets

£17.0M

Current Liabilities

£9.9M

Debtors

£9.7M

Cost of Sales

£20.1M

Gross Profit

£4.8M

Admin Expenses

£3.2M

Operating Profit

£1.7M

Profit After Tax

£1.4M

53avg. employees+19

Tax at Year End

Corp tax£465k

People Costs

Wages & salaries£1.6M
NI contributions£155k

Balance Sheet

Interest payable£70
Assets less current liabilities£7.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.72+£3.8M
20221.40—

Derived from filed accounts. Not audited figures.