Matthew • 6 months ago
Did you miss the pandemic?
Jabber • 6 months ago
£10 million annual revenue on a turnover of £38million.
That is an incredible travel business, and must have had some incredible overheads for it to cease trading.
...or the numbers are wrong
Maz • 6 months ago
Nope that's wrong. But according to their last filed accounts (to Oct18) they had net assets of almost £8M so they were really strong. Odd really. With that T/O and assets I would have thought they'd be one of the last to fall. Very sad.
Julie drewls • 6 months ago
Hi Jabber.
You incorrectly assumed the 10M quoted was profit. No, that is REVENUE.
They had been in trouble for a while and was planning to close the London office.
No clients abroad? In July? That makes it sound planned or am I missing something? Were the bookings sold to another operator?