How much does Elegant Resorts Limited make?

Elegant Resorts Limited reported revenue of £55.7m and £1.8m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Elegant Resorts Limited have?

Elegant Resorts Limited reported an average of 113 employees in the year to 31 Dec 2023.

Is Elegant Resorts Limited profitable?

Yes — Elegant Resorts Limited reported a profit of £1.8m in the year to 31 Dec 2023.

Company No. 02100913 · Incorporated 18 Feb 1987

Elegant Resorts Limited

Registered name: ELEGANT RESORTS LIMITED

Part of The Portman Travel Group Limited group

Elegant Resorts Limited made £55.7m revenue and £1.8m profit in the year to 31 Dec 2023.

Elegant Resorts Limited’s revenue grew 8% to £55.7m in the year to 31 Dec 2023, with £1.8m profit and 113 employees. The company is classified under “travel agency activities” and is based in Chester; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 79110Travel agency activities SIC 79120Tour operator activities

Status: Active
Location: Chester, North West
Age: 39 yrs · since 1987
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

Capital-lightOperating leverage

Revenue

£55.7m

Growth ▲7.7%

Profit

£1.8m

Growth ▲101.2%

Profit margin

3.2%

Gross 17.5%

Employees

113

Change ▲9.7%

Profit / employee

£15.8k

Revenue/employee £493k

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 to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£51.7m	£55.7m
Cost of sales	£43.9m	£46m
Gross profit	£7.9m	£9.7m
Operating profit	£1.3m	£2.1m
Profit before tax	£1.1m	£2.1m
Profit after tax	£885k	£1.8m
Profit (best available)	£885k	£1.8m
Staff costs	£4.5m	£5m
Employees (average)	103	113
Ratios
Profit margin	1.7%	3.2%
Gross margin	15.2%	17.5%
Revenue per employee	£502k	£493k
Profit per employee	£8.6k	£15.8k
Growth (year on year)
Revenue growth	—	▲7.7%
Profit growth	—	▲101.2%
Headcount growth	—	▲9.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£15.4m	£19m
Net assets	£5.4m	£7.2m
Fixed assets	£2m	£1.5m
Current assets	£31.3m	£34.7m
Debtors	£161k	£112k
Deferred income	£910k	£1.5m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 3.2%; Profit ÷ revenue.
Gross margin: 17.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £493k; Revenue ÷ average employees.
Profit per employee: £15.8k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 2.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.7%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: ▲33%; Now £7.2m
Cash at bank: ▲23%; Now £19m
Headcount: ▲10%; Now 113
Deferred income: ▲67%; Now £1.5m
Fixed assets: ▼26%; Now £1.5m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

The Portman Travel Group Limitedultimate parent75–100%
Elegant Resorts Limitedthis company

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

Subsidiaries (2)

If Only Holidays LimitedRev. £32.6m · Profit £1m
Elegant Resorts Transport LimitedFigures not disclosed

Sister companies (3)

Clarity Travel LimitedRev. £32.8m · Profit £23.2m
Destination Sport LimitedRev. — · Profit −£2.7m
One Global Travel LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £1.8m), from the Companies House accounts bulk data published Jul 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.