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Company No. 01339276 · Incorporated 17 Nov 1977

Horseman Coaches Limited

Registered name: HORSEMAN COACHES LIMITED

Part of Project Roman Topco Limited group

Horseman Coaches Limited made £7.6m revenue and £1.4m profit in the year to 31 Dec 2023.

Horseman Coaches Limited’s revenue grew 20% to £7.6m in the year to 31 Dec 2023, with £1.4m profit and 79 employees. The company is classified under “other passenger land transport” and is based in Newbury; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49390Other passenger land transport
Status
Active
Location
Newbury, South East
Age
48 yrs · since 1977
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2023

Key figures

Operating leverageCash flow filed
Revenue
£7.6m
Growth ▲20.1%
Profit
£1.4m
Growth ▲73.3%
Profit margin
18.7%
Gross 33.7%
Employees
79
Change ▲12.9%
Profit / employee
£18k
Revenue/employee £96.2k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£6.3m£7.6m
Cost of sales£4.5m£5m
Gross profit£1.8m£2.6m
Operating profit£1.2m£1.8m
Profit before tax£1.2m£1.9m
Profit after tax£820k£1.4m
Profit (best available)£820k£1.4m
Staff costs£2.6m£3.1m
Employees (average)7079
Ratios
Profit margin13%18.7%
Gross margin28.9%33.7%
Revenue per employee£90.4k£96.2k
Profit per employee£11.7k£18k
Cash conversion125.9%132.9%
Growth (year on year)
Revenue growth—▲20.1%
Profit growth—▲73.3%
Headcount growth—▲12.9%
Balance sheet — indirect signals, not revenue
Cash at bank£1.9m£4.4m
Net assets£7.1m£8.5m
Fixed assets£5.7m£4.9m
Current assets£2.7m£5.2m
Debtors£630k£538k
Cash from operations£1.5m£2.4m
SourceFullAccounts · bulk data May 2024FullAccounts · bulk data May 2024
Derived from the latest filing

How the business works

Profit margin
18.7%
Profit ÷ revenue.
Gross margin
33.7%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£96.2k
Revenue ÷ average employees.
Profit per employee
£18k
Profit ÷ average employees.
Cash conversion
132.9%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
64.9%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
7.1%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲20%
Now £8.5m
Cash at bank
▲137%
Now £4.4m
Headcount
▲13%
Now 79
Deferred income
—
Now —
Fixed assets
▼13%
Now £4.9m
Corporate ownership

Group structure

Ownership chain

  1. Project Roman Topco Limitedultimate parent75–100%
  2. Project Roman Midco Limited75–100%
  3. The Coach Travel Group Limited75–100%
  4. Horseman Coaches Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (13)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £1.4m), from the Companies House accounts bulk data published May 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.