SITEX INTERNATIONAL LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2026-04-18
Overdue
Watchouts
Cash
£3M
+5.2% vs 2023
Net assets
£6M
-27.9% lowest in 6 filed years
Employees
25
+4.2% vs 2023
Profit before tax
-£2M
-1,277.1% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-04-18.
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-10-31
| Metric | Trend | 2019-10-31 | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | — | £29,097,778 | £25,910,856 | |
| Operating profit | — | — | — | — | — | — | — | — | £118,541 | -£2,084,636 | |
| Profit before tax | — | — | — | — | — | — | — | — | £168,646 | -£1,985,115 | |
| Net profit | -£182,079 | — | £1,313,298 | — | -£539,761 | — | -£1,872,163 | — | £130,748 | -£1,986,250 | |
| Cash | £4,298,337 | — | £4,865,268 | — | £5,207,787 | — | £3,818,247 | £3,822,147 | £2,649,304 | £2,787,184 | |
| Total assets less current liabilities | £12,377,684 | — | £12,398,701 | — | £12,374,092 | — | £10,670,166 | — | £9,427,768 | £9,119,920 | |
| Net assets | — | — | — | — | — | — | — | — | £7,630,053 | £5,504,328 | |
| Equity | £10,890,062 | £10,890,062 | £11,059,425 | £11,059,425 | £10,198,062 | £10,198,062 | £8,359,487 | £8,359,487 | £7,630,053 | £5,504,328 | |
| Average employees | 43 | — | 30 | — | 22 | — | 22 | — | 24 | 25 | |
| Wages | — | — | — | — | — | — | — | — | £953,098 | £942,419 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-10-31 | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | — | — | — | 0.4% | -8.0% | |
| Net margin | — | — | — | — | — | — | — | — | 0.4% | -7.7% | |
| Return on capital employed | — | — | — | — | — | — | — | — | 1.3% | -22.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 41.4% | 57.7% | |
| Current ratio | — | — | — | — | — | — | — | — | 0.94x | 0.89x | |
| Interest cover | — | — | — | — | — | — | — | — | 31.17x | -1170.49x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- White Hart Associates (London) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of the available liquidity outlined above, and the renewal of the Company's ATOL to 31 March 2026, the Directors believe the Company to be a going concern and have prepared these financial statements on a going concern basis.”
Group structure
- SITEX INTERNATIONAL LIMITED · parent
- Balkan Holidays Aviation Limited
Significant events
- “Due to the constant rising costs of living, inflation and high interest rates both in the UK and Bulgaria, continuous war conflict in Ukraine, lack of government support and proper destination advertising and reduced popularity and awareness of our main destination, all leading to lower demand for holidays to Eastern Europe, the Group faced a challenging year marked by a significant decline in overall holiday market demand throughout the financial year.”
- “In March 2025, the Company negotiated a renewal of its bank facility of €4.7 million with its bankers, secured on the long leasehold property owned by the Company, until 31 October 2026. On 19 March 2025 the Company also obtained a £600k new cash injection by shareholders, a loan subordinated in favour of the Company's UK regulator, the Civil Aviation Authority ("CAA"), in order to support the renewal of the Company's Air Travel Organisers Licence ("ATOL") until 31 March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STOYANOV, Alexander | Secretary | 2007-09-01 | — | Bulgarian |
| STOYANOV, Alexander | Director | 1999-08-31 | Mar 1967 | Bulgarian |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DJONEVA, Yana Ludmilova | Secretary | 2000-05-18 | 2007-09-01 |
| GROUPCHEV, Vladimir | Secretary | 1996-11-01 | 1997-04-08 |
| GROWER, Alexis | Secretary | — | 2000-02-09 |
| ALEXANDER, Spassov | Director | — | 1991-06-01 |
| ANTONOV, Nikola Hristov | Director | 1996-02-28 | 1999-09-29 |
| ATANASOV, Petre Hristov | Director | 1998-07-29 | 1999-06-01 |
| AVGARSHI, Orgian | Director | — | 1993-09-30 |
| DELTCHEV, Andrey Mitkov | Director | 1994-01-21 | 1997-06-26 |
| DILLON, Gerard Thomas | Director | 1993-05-08 | 1996-07-03 |
| DIMITROV, Vehtizislav Gueorguiev | Director | 1994-01-21 | 1995-06-01 |
| DJONEVA, Yana Ludmilova | Director | 1999-08-31 | 2007-09-01 |
| DRAGANOV, Roumen, Director | Director | 1991-06-01 | 1994-11-21 |
| DRAGOSTINOV, Stefan | Director | 1994-06-01 | 1996-07-17 |
| GUEORGIEV, Anatoli | Director | 1997-06-26 | 1999-06-01 |
| IAHEVA, Anelia Nenkova | Director | 1994-02-21 | 1999-06-01 |
| ILIEV, Plamen | Director | 1998-09-17 | 1999-06-01 |
| KOSSEV, Stefan Assenov | Director | 1999-06-01 | 2000-03-20 |
| MACURA, Miodrag | Director | 2000-08-02 | 2020-02-15 |
| MADJAROVA, Margarita | Director | 1991-06-01 | 1995-06-01 |
| MIKHAIL, Dimov | Director | — | 1993-04-28 |
| MILAHOV, Branimar | Director | 1991-06-01 | 1993-10-31 |
| MINEV, Tzeko | Director | 2000-12-22 | 2007-12-14 |
| MINEVA, Radka Vesselinova | Director | 2011-01-01 | 2025-04-16 |
| MOUTAFTCHIEV, Georgi Dimitrov | Director | 2011-01-01 | 2021-09-02 |
| MOUTAFTCHIEV, Ivaylo | Director | 2000-12-22 | 2007-12-14 |
| RANGUELOV, Vladimir | Director | 1997-06-26 | 1998-07-29 |
| ROUSSEVA, Diliana | Director | 1999-06-01 | 1999-08-31 |
| SAHANDJIEV, Filip | Director | 1997-06-26 | 1998-09-17 |
| STAEVSKI, Nayoch | Director | 1991-06-01 | 1993-02-28 |
| STRASKILOVA, M | Director | — | 1992-06-01 |
| TODOROVA, Antoahsta | Director | — | 1991-06-01 |
| VOLYA, Roussev | Director | — | 1994-06-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Alexander Stoyanov | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 184 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-27 | CERTNM | change-of-name | Certificate change of name company | |
| 2026-04-22 | CH01 | officers | Change person director company with change date | |
| 2026-04-22 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-04-22 | CH03 | officers | Change person secretary company with change date | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2025-06-17 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-04-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-30 | AA | accounts | Accounts with accounts type group | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-18 | AA | accounts | Accounts with accounts type group | |
| 2023-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-20 | AA | accounts | Accounts with accounts type group | |
| 2022-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2021-06-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-02-10 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31
-
Turnover
-11%
£29,097,778 £25,910,856
-
Cash
+5.2%
£2,649,304 £2,787,184
-
Net assets
-27.9%
£7,630,053 £5,504,328
-
Employees
+4.2%
24 25
-
Operating profit
-1,858.6%
£118,541 -£2,084,636
-
Profit before tax
-1,277.1%
£168,646 -£1,985,115
-
Wages
-1.1%
£953,098 £942,419
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers