Jetline Travel Limited
Registered name: JETLINE TRAVEL LIMITED
Jetline Travel Limited made £16.2m revenue and £569k profit in the year to 31 Dec 2023.
Jetline Travel Limited’s revenue fell 24% to £16.2m in the year to 31 Dec 2023, with £569k profit and 30 employees. The company is classified under “travel agency activities” and is based in Ilford; we hold 2 years of its filed accounts.
- Status
- In Administration
- Location
- Ilford, London
- Age
- 26 yrs · since 2000
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £21.3m | £16.2m |
| Cost of sales | £18.1m | £13.5m |
| Gross profit | £3.1m | £2.7m |
| Operating profit | £1.2m | £656k |
| Profit before tax | £1.1m | £587k |
| Profit after tax | £1.1m | £569k |
| Profit (best available) | £1.1m | £569k |
| Staff costs | £1.2m | £1.2m |
| Employees (average) | 32 | 30 |
| Ratios | ||
| Profit margin | 5.3% | 3.5% |
| Gross margin | 14.8% | 16.5% |
| Revenue per employee | £665k | £538k |
| Profit per employee | £34.9k | £19k |
| Cash conversion | −38.2% | −61.2% |
| Growth (year on year) | ||
| Revenue growth | — | ▼24.1% |
| Profit growth | — | ▼49.1% |
| Headcount growth | — | ▼6.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.8m | £1.1m |
| Net assets | −£639k | −£69.7k |
| Fixed assets | £3.2m | £3.1m |
| Current assets | £11.3m | £6.3m |
| Debtors | £843k | £33.7k |
| Deferred income | £9.9m | £7.2m |
| Cash from operations | −£440k | −£401k |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 3.5%
- Profit ÷ revenue.
- Gross margin
- 16.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £538k
- Revenue ÷ average employees.
- Profit per employee
- £19k
- Profit ÷ average employees.
- Cash conversion
- −61.2%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 19.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 44.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.2%
- Money owed by customers. Low = customers pay quickly.
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
- —
- Now −£69.7k
- Cash at bank
- ▼38%
- Now £1.1m
- Headcount
- ▼6%
- Now 30
- Deferred income
- ▼28%
- Now £7.2m
- Fixed assets
- ▼2%
- Now £3.1m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £569k), from the Companies House accounts bulk data published Sep 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.