HERITAGE GROUP TRAVEL LIMITED

🌳Matureactive
02054728 · ltd · incorporated 1986-09-12
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Tour operator activities
Sector: Administrative & support services
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

9 live charges · 3 lenders · oldest 34.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 34.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
15 officers (2 active, 15 linked, 12 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
163 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees500500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
6
filings
  • • 4 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
  1. 2026-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2026-01-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2026-01-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-01-01
    ➖
    WITHERS, Penelope Mary Elizabeth resigned
    secretary
  6. 2026-01-01
    ➖
    WITHERS, Penelope Mary Elizabeth resigned
    director
  7. 2025-12-31
    ➖
    CHARRINGTON, Fiona Meredith resigned
    director
  8. 2025-12-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2025-12-01
    ➕
    HORNER, Graham Alton appointed
    director
  10. 2025-09-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2025-09-01
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2025-09-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2025-01-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2025-01-21
    ➕
    CLARKE, Samantha Jo appointed
    director
  15. 2024-08-07
    📄
    memorandum-articles
    incorporation · MA
  16. 2024-08-07
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2024-08-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2024-08-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2024-07-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2024-07-25
    ➖
    RANDALL, Martin David Vincent resigned
    director
  21. 2024-07-25
    🔒
    Charge registered #9
    Lender: Piper Pe LLP
  22. 2024-07-25
    🔒
    Charge registered #8
    Lender: Tc Loans Limited
  23. 2024-05-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  24. 2023-10-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2023-08-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  26. 2022-08-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  27. 2022-01-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  28. 2022-01-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  29. 2020-01-10
    ➖
    BERGER, Alexa Kate resigned
    director
  30. 2017-07-21
    ➕
    WITHERS, Penelope Mary Elizabeth appointed
    secretary
  31. 2017-06-01
    ➖
    NAIRN, Agnes Campbell, Dr resigned
    secretary
  32. 2017-06-01
    ➖
    ATKINSON, Richard Westaway resigned
    director
  33. 2017-06-01
    ➕
    BERGER, Alexa Kate appointed
    director
  34. 2017-06-01
    ➕
    CHARRINGTON, Fiona Meredith appointed
    director
  35. 2017-06-01
    ➖
    ILES, John resigned
    director
  36. 2017-06-01
    ➖
    NAIRN, Agnes Campbell, Dr resigned
    director
  37. 2017-06-01
    ➕
    RANDALL, Martin David Vincent appointed
    director
  38. 2017-05-16
    🔓
    Charge satisfied #7
  39. 2017-05-16
    🔓
    Charge satisfied #6
  40. 2017-05-16
    🔓
    Charge satisfied #5
  41. 2017-05-16
    🔓
    Charge satisfied #1
  42. 2014-08-28
    ➕
    ATKINSON, Richard Westaway appointed
    director
  43. 2014-08-28
    ➕
    WITHERS, Penelope Mary Elizabeth appointed
    director
  44. 2003-09-17
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  45. 2000-11-28
    ➖
    COWTAN, Peter Cuninghame resigned
    secretary
  46. 2000-11-28
    ➕
    NAIRN, Agnes Campbell, Dr appointed
    secretary
  47. 2000-11-28
    ➖
    BURROUGHS, Alasdair Michael Gore resigned
    director
  48. 2000-11-28
    ➖
    COWTAN, Frank Willoughby John, Maj General resigned
    director
  49. 2000-11-28
    ➖
    COWTAN, Peter Cuninghame resigned
    director
  50. 2000-11-28
    ➕
    NAIRN, Agnes Campbell, Dr appointed
    director
Showing most recent 50 of 60 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

2 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: WITHERS, Penelope Mary Elizabeth resigned 2026-01-01; CHARRINGTON, Fiona Meredith resigned 2025-12-31; WITHERS, Penelope Mary Elizabeth resigned 2026-01-01

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Martin Randall Travel Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Martin Randall Travel Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
HERITAGE GROUP TRAVEL LIMITED
This company · 02054728

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Martin Randall Travel Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/06/2017
1 historic (ceased) PSC
  • Mr John Ilesceased 01/06/2017· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1986-09-12
Jurisdictionengland-wales
Primary SIC79120 — Tour operator activities

Registered office

First Floor
12 Charlotte Street
Bath
BA1 2NE
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-17
Last: 2026-01-03

Officers (2 active · 13 resigned)

CLARKE, Samantha Jo→
director · ~40y · appointed 2025-01-21
View their other companies + combined net worth →
Active
HORNER, Graham Alton→
director · ~49y · appointed 2025-12-01
View their other companies + combined net worth →
Active
COWTAN, Peter Cuninghame→
secretary · resigned 2000-11-28
Resigned
NAIRN, Agnes Campbell, Dr→
secretary · appointed 2000-11-28 · resigned 2017-06-01
Resigned
WITHERS, Penelope Mary Elizabeth→
secretary · appointed 2017-07-21 · resigned 2026-01-01
Resigned
ATKINSON, Richard Westaway→
director · ~73y · appointed 2014-08-28 · resigned 2017-06-01
Resigned
BERGER, Alexa Kate→
director · ~44y · appointed 2017-06-01 · resigned 2020-01-10
Resigned
BURROUGHS, Alasdair Michael Gore→
director · ~71y · resigned 2000-11-28
Resigned
CHARRINGTON, Fiona Meredith→
director · ~53y · appointed 2017-06-01 · resigned 2025-12-31
Resigned
COWTAN, Frank Willoughby John, Maj General→
director · ~106y · resigned 2000-11-28
Resigned
COWTAN, Peter Cuninghame→
director · ~73y · resigned 2000-11-28
Resigned
ILES, John→
director · ~72y · resigned 2017-06-01
Resigned
NAIRN, Agnes Campbell, Dr→
director · ~65y · appointed 2000-11-28 · resigned 2017-06-01
Resigned
RANDALL, Martin David Vincent→
director · ~73y · appointed 2017-06-01 · resigned 2024-07-25
Resigned
WITHERS, Penelope Mary Elizabeth→
director · ~67y · appointed 2014-08-28 · resigned 2026-01-01
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

9
Total charges
2
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Piper Pe
Piper Pe LLP
A registered charge1 property25/07/2024—
outstanding
Tc Loans
Tc Loans Limited
A registered charge1 property25/07/2024—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Charge of deposit1 property17/09/200316/05/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Memorandum of cash deposit1 property14/03/199716/05/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Memorandum of cash deposit1 property09/09/199616/05/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Memorandum of csh deposit1 property28/03/199608/03/1997
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Memorandum of cash deposit1 property18/09/199508/03/1997
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Memorandum of cash deposit1 property19/05/199516/12/1995
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property25/09/199116/05/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (163 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
termination-director-company-with-name-termination-date
officers · TM01
2026-01-21
termination-secretary-company-with-name-termination-date
officers · TM02
2026-01-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-01-09
termination-director-company-with-name-termination-date
officers · TM01
2026-01-02
appoint-person-director-company-with-name-date
officers · AP01
2025-12-04
accounts-with-accounts-type-small
accounts · AA
2025-09-01
change-person-secretary-company-with-change-date
officers · CH03
2025-09-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-09-01
appoint-person-director-company-with-name-date
officers · AP01
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
memorandum-articles
incorporation · MA
2024-08-07
resolution
resolution · RESOLUTIONS
2024-08-07
termination-director-company-with-name-termination-date
officers · TM01
2024-08-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-01