STEWART TRAVEL LIMITED

📈Growthactive
SC400502 · ltd · incorporated 2011-05-27
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
£109.39M
year to Dec 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Travel agency activities
Sector: Administrative & support services
Investor take
Pursue
Conservative operator with a 68-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 13.8y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 13.8 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (84/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 9 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £7,450,029
Strong revenue growth
Turnover up 30% YoY
Turnover YoY
+30%
Year on year

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
Turnover£109.39M£84.13M
Gross profit£28.64M£22.09M
Operating profit£6.68M£3.91M
Profit before tax£7.45M£4.56M
Average employees3600032700

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

🔒Filing-note intelligence

4 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
0
filings
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2025-09-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-09-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-09-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2022-09-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2021-09-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2020-12-07
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  7. 2020-05-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2019-07-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2019-03-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2019-03-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2019-02-28
    ➖
    HALLER, Frederic Zachary resigned
    director
  12. 2019-02-28
    ➖
    PATTENDEN, Clifford resigned
    director
  13. 2019-01-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-01-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2019-01-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2019-01-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-01-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2019-01-04
    🔓
    Charge satisfied #3
  19. 2018-11-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2018-11-02
    ➕
    HALLER, Frederic Zachary appointed
    director
  21. 2018-11-02
    ➕
    PATTENDEN, Clifford appointed
    director
  22. 2018-11-02
    🔒
    Charge registered #4
    Lender: Csc Trustees Limited (As Security Agent)
  23. 2018-10-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2018-10-17
    🔓
    Charge satisfied #2
  25. 2018-10-09
    ➕
    CASSIDY, Brian appointed
    director
  26. 2018-10-09
    ➕
    GREEN, Richard appointed
    director
  27. 2018-10-09
    ➖
    COLE, William Charles resigned
    secretary
  28. 2018-10-09
    ➖
    COLE, William Charles resigned
    director
  29. 2018-10-09
    ➖
    EGLETON, Christopher William resigned
    director
  30. 2018-10-02
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  31. 2016-07-27
    ➖
    BARTMAN, Barry David resigned
    director
  32. 2015-08-11
    ➖
    STEWART, William Callow resigned
    director
  33. 2013-10-21
    🔒
    Charge registered #2
    Lender: Hillside International Holdings Limited
  34. 2013-10-01
    🔓
    Charge satisfied #1
  35. 2012-07-26
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  36. 2012-03-28
    ➕
    STEWART, William Callow appointed
    director
  37. 2012-03-27
    ➕
    WILSON, Duncan Campbell appointed
    director
  38. 2012-03-27
    ➕
    COLE, William Charles appointed
    secretary
  39. 2012-03-27
    ➕
    EGLETON, Christopher William appointed
    director
  40. 2011-05-27
    🏢
    Company incorporated
    As STEWART TRAVEL LIMITED
  41. 2011-05-27
    ➕
    BARTMAN, Barry David appointed
    director
  42. 2011-05-27
    ➕
    COLE, William Charles appointed
    director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

63/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 14 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
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

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

🏛️
Brooklyn Travel Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
STEWART TRAVEL LIMITED
This company · SC400502

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
Brooklyn Travel Limited
Corporate entity
75–100%
—75-100% shares10/10/2018
2 historic (ceased) PSCs
  • Zachary Asset Holdings Limitedceased 10/10/2018· 75-100% shares
  • Minoan Group Plcceased 09/10/2018· 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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IF ONLY HOLIDAYS LIMITED→
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——590021y8569y
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£3.2k
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——014y9366y
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——£1.9k—37y8388y
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——£120.9k—26y8368y
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——£168.8k—19y8373y
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———120026y8377y
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——£61.2k—33y8361y
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THE ANTONINE SPORTS CENTRE→
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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
Incorporated2011-05-27
Jurisdictionscotland
Primary SIC79110 — Travel agency activities

Registered office

3rd Floor
Sterling House 20 Renfield Street
Glasgow
G2 5AP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-21
Last: 2025-11-07

Officers (3 active · 7 resigned)

CASSIDY, Brian→
director · ~58y · appointed 2018-10-09
View their other companies + combined net worth →
Active
GREEN, Richard→
director · ~64y · appointed 2018-10-09
View their other companies + combined net worth →
Active
WILSON, Duncan Campbell→
director · ~68y · appointed 2012-03-27
View their other companies + combined net worth →
Active
COLE, William Charles→
secretary · appointed 2012-03-27 · resigned 2018-10-09
Resigned
BARTMAN, Barry David→
director · ~85y · appointed 2011-05-27 · resigned 2016-07-27
Resigned
COLE, William Charles→
director · ~80y · appointed 2011-05-27 · resigned 2018-10-09
Resigned
EGLETON, Christopher William→
director · ~80y · appointed 2012-03-27 · resigned 2018-10-09
Resigned
HALLER, Frederic Zachary→
director · ~80y · appointed 2018-11-02 · resigned 2019-02-28
Resigned
PATTENDEN, Clifford→
director · ~64y · appointed 2018-11-02 · resigned 2019-02-28
Resigned
STEWART, William Callow→
director · ~81y · appointed 2012-03-28 · resigned 2015-08-11
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Csc Trustees (As Security Agent)
Csc Trustees Limited (As Security Agent)
A registered charge1 property02/11/2018—
satisfied
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—02/10/201804/01/2019
satisfied
Hillside International Holdings
Hillside International Holdings Limited
A registered charge1 property21/10/201317/10/2018
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property26/07/201201/10/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-07
accounts-with-accounts-type-full
accounts · AA
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-22
accounts-with-accounts-type-full
accounts · AA
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-full
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-03
accounts-with-accounts-type-full
accounts · AA
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-25
accounts-with-accounts-type-full
accounts · AA
2021-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-26
change-account-reference-date-company-current-extended
accounts · AA01
2020-12-07
accounts-with-accounts-type-full
accounts · AA
2020-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-24
accounts-with-accounts-type-full
accounts · AA
2019-07-23