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Traveltech Enterprises Ltd

11807949

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

87 - 89 BAKER STREET, LONDON, W1U 6RJ
Incorporated 05/02/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

79110
Travel agency activities

Officers

Mr Peter Vazan

director · Since 05/02/2019

SENIOR EXECUTIVE AT TRAVEL INDUSTRY

AMERICAN · ENGLAND · Age 48

Persons with Significant Control

Alex Weinstein

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

American · United States · Age 51

1678 26th Ave, San Francisco, CA 94122

Notified 05/02/2019

Charges1 outstanding

Charge
satisfied

HSBC UK BANK PLC

Created 15/11/2019Registered 28/11/2019Satisfied 31/01/2023
Charge
outstanding

HSBC UK BANK PLC

Created 12/11/2019Registered 13/11/2019

CompanyRankvs 3390+ SIC 79110 peers
36

Financial strength0th percentile among SIC peers · 0/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 32.99× · 20/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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3390Traveltech Enterprises Ltd
56
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.

Employees14/15 pts

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

Liquidity20/20 pts

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

Longevity7/15 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

the funding availability and hence we do feel that if events or circumstances changes it can lead to material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern. Senior Statutory Auditor: Vishal Bhatt for and on behalf of BLS Burnells LLP TRAVELTECH ENTERPRISES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 -

Key FinancialsYear ending 31/12/2023

Net Worth

-£1.4M

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

£575k

Working capital

Current Assets

£593k

Current Liabilities

£18k

Fixed Assets

£69k

Debtors

£585k

4avg. employees+1

Balance Sheet

Assets less current liabilities£644k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
202332.99-£570k
202227.35-£412k
202185.59-£185k
2020112.60—

Derived from filed accounts. Not audited figures.