Travelnest Limited
09141571
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 8 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2025
full
Next accounts due
30/09/2027
Confirmation statement
Last: 16/03/2026
Due 30/03/2027
Industry
Officers
director · Since 05/07/2017
INVESTMENT MANAGER
BRITISH · SCOTLAND
Also on 7 other boards
director · Since 26/02/2024
BUSINESS CONSULTANT
BRITISH · SCOTLAND
Also on 9 other boards
Mr Giles Whitman
director · Since 24/09/2026
BRITISH · UNITED KINGDOM
Persons with Significant Control
Former PSCs
Mr Douglas Fraser Stephenson
Ceased 31/03/2022
Charges8 outstanding
ODIN INVESTMENTS LIMITED
MANGROVE V INVESTMENTS S.Ã.R.L
JOHN NICHOLSON
PENTECH FUND III LIMITED PARTNERSHIP
PE SUPPORT LIMITED
SCOTTISH NATIONAL INVESTMENT BANK PLC
SCOTTISH ENTERPRISE
CLYDESDALE BANK PLC (TRADING AS VIRGIN MONEY)
SCOTTISH INVESTMENTS LIMITED
SILICON VALLEY BANK
CompanyRankvs 34667+ SIC 62090 peers28
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
revenue growth creates a risk of non-compliance with the minimum liquidity covenant. This represents a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. Having considered the financial plan, the funding secured in September 2026 and the operational levers available to them, the directors have a reasonable expectation that the company has
Key FinancialsYear ending 31/12/2025
Net Worth
-£2.1M
Balance sheet strength
Cash
£1.5M
Cash in the bank
Profit Before Tax
-£4.9M
Bottom line earnings
Net Current Assets
-£3.6M
Working capital
Current Assets
£4.6M
Current Liabilities
£8.2M
Fixed Assets
£1.5M
Debtors
£3.0M
Admin Expenses
£7.5M
Profit After Tax
-£4.8M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.56 | -£1.3M |
| 2024 | 1.08 | — |
Derived from filed accounts. Not audited figures.