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Travelnest Limited

09141571

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

JOHNSTON CARMICHAEL BIRCHIN COURT, LONDON, EC3V 9DU
Incorporated 22/07/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62090
Other information technology service activities

Officers

Mr Douglas Fraser Stephenson

director · Since 22/07/2014

DIRECTOR

BRITISH · SCOTLAND · Age 31

Mbm Secretarial Services Limited

secretary · Since 13/06/2017

OTHER

Also on 510 other boards

Mr Craig Brian Anderson

director · Since 05/07/2017

INVESTMENT MANAGER

BRITISH · SCOTLAND · Age 57

Also on 7 other boards

Mr Richard Cameron Lewis

director · Since 26/02/2024

BUSINESS CONSULTANT

BRITISH · SCOTLAND · Age 54

Also on 9 other boards

Persons with Significant Control

Former PSCs

Mr Douglas Fraser Stephenson

Ceased 31/03/2022

Charges1 outstanding

Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS VIRGIN MONEY)

Created 15/12/2023Registered 20/12/2023
Charge
satisfied

SCOTTISH INVESTMENTS LIMITED

Created 21/10/2022Registered 21/10/2022Satisfied 21/09/2023
Charge
satisfied

SILICON VALLEY BANK

Created 16/09/2020Registered 17/09/2020Satisfied 11/12/2023

CompanyRankvs 289410+ SIC 62090 peers
34

Financial strength1th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.08× · 12/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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28941Travelnest Limited
54
How is this score calculated?
Financial strength0/25 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.

Liquidity12/20 pts

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

Longevity12/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

creates risk in relation to non compliance with existing covenants, and therefore presents a material uncertainty that may cast significant doubt on the entity's ability to continue as a going concern. A financial plan has been prepared, and the business will be managed for the next twelve months, through any business performance variations using levers built into the financial model,

Key FinancialsYear ending 31/12/2024

Net Worth

-£818k

Balance sheet strength

Cash

£3.3M

Cash in the bank

Net Current Assets

£448k

Working capital

Current Assets

£5.9M

Current Liabilities

£5.4M

Fixed Assets

£1.7M

Debtors

£2.6M

Profit After Tax

-£5.3M

53avg. employees

Balance Sheet

Intangible assets£1.7M
Assets less current liabilities£2.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20241.08

Derived from filed accounts. Not audited figures.