How much does If Only Holidays Limited make?

If Only Holidays Limited reported revenue of £32.6m and £1m profit in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does If Only Holidays Limited have?

If Only Holidays Limited reported an average of 59 employees in the year to 31 Dec 2023.

Is If Only Holidays Limited profitable?

Yes — If Only Holidays Limited reported a profit of £1m in the year to 31 Dec 2023.

Company No. SC268032 · Incorporated 18 May 2004

If Only Holidays Limited

Registered name: IF ONLY HOLIDAYS LIMITED

Part of The Portman Travel Group Limited group

If Only Holidays Limited made £32.6m revenue and £1m profit in the year to 31 Dec 2023. read from filing text

If Only Holidays Limited’s revenue grew 12% to £32.6m in the year to 31 Dec 2023, with £1m profit and 59 employees. The company is classified under “tour operator activities” and is based in Glasgow; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 79120Tour operator activities

Status: Active
Location: Glasgow, Scotland
Age: 22 yrs · since 2004
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

£32.6m

Growth ▲11.9%

Profit

£1m

Growth ▲572.5%

Profit margin

3.1%

Gross 12.1%

Employees

Change ▲11.3%

Profit / employee

£17.4k

Revenue/employee £553k

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&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£29.2m	£32.6m
Cost of sales	£26m	£28.7m
Gross profit	£3.1m	£4m
Operating profit	−£61.6k	£198k
Profit before tax	−£61.1k	£210k
Profit after tax	£152k	£1m
Profit (best available)	£152k	£1m
Staff costs	£2.4m	£3.1m
Employees (average)	53	59
Ratios
Profit margin	0.5%	3.1%
Gross margin	10.8%	12.1%
Revenue per employee	£550k	£553k
Profit per employee	£2.9k	£17.4k
Growth (year on year)
Revenue growth	—	▲11.9%
Profit growth	—	▲572.5%
Headcount growth	—	▲11.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£963k	£2.2m
Net assets	−£6.4m	−£5.4m
Fixed assets	£362k	£398k
Current assets	£7.1m	£8.1m
Debtors	£283k	£287k
Deferred income	£7.9m	£7.9m
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 3.1%; Profit ÷ revenue.
Gross margin: 12.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £553k; Revenue ÷ average employees.
Profit per employee: £17.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 24.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.9%; 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: —; Now −£5.4m
Cash at bank: ▲128%; Now £2.2m
Headcount: ▲11%; Now 59
Deferred income: ▼0%; Now £7.9m
Fixed assets: ▲10%; Now £398k

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 Limited75–100%
If Only Holidays Limitedthis company

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

Sister companies (1)

Elegant Resorts Transport LimitedFigures not disclosed

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 £1m), 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.