REED & MACKAY TRAVEL LIMITED
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2026-11-14 (in 6mo)
Last made up 2025-10-31
Watchouts
Cash
£20M
+38.6% vs 2024
Net assets
£54M
+6% vs 2024
Employees
707
-0.1% vs 2024
Profit before tax
£22M
+92.7% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-01-31
| Metric | Trend | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Turnover | £76,799,000 | £80,648,000 | |
| Operating profit | £10,347,000 | £20,294,000 | |
| Profit before tax | £11,428,000 | £22,023,000 | |
| Net profit | £8,921,000 | £16,697,000 | |
| Cash | £14,729,000 | £20,411,000 | |
| Total assets less current liabilities | £52,399,000 | £55,355,000 | |
| Net assets | £51,387,000 | £54,472,000 | |
| Equity | £51,387,000 | £54,472,000 | |
| Average employees | 708 | 707 | |
| Wages | £34,412,000 | £32,718,000 |
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 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|
| Operating margin | 13.5% | 25.2% | |
| Net margin | 11.6% | 20.7% | |
| Return on capital employed | 19.7% | 36.7% | |
| Gearing (liabilities / total assets) | 52.9% | 53.6% | |
| Current ratio | 1.58x | 1.45x | |
| Interest cover | 33.16x | 298.44x |
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
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries and taking into account the above factors, the directors have a reasonable expectation that the Company has adequate resources to continue to meet its obligations as they fall due for the foreseeable future being a period of at least twelve months from signing of these financial statements. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.”
Group structure
- REED & MACKAY TRAVEL LIMITED · parent
- Hillgate Incentives Limited 100%
- Navan Travel UK SPV Limited 100%
Significant events
- “On 14 March 2025, the Company entered into a joint revolving credit facility with it's ultimate parent company Navan Inc. As part of the financing arrangement, certain assets of the Company have been pledged.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BENNETT, Guy Matthew | Director | 2022-01-29 | Dec 1980 | British |
| HEROLD, Christina Aurelia | Director | 2025-10-01 | Sep 1989 | American |
| MINETTI, Alexandra Katherine | Director | 2025-10-01 | Aug 1975 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAMBER, Lucy | Secretary | 2007-02-19 | 2013-06-06 |
| BARTLETT, Philip George | Secretary | — | 2001-10-16 |
| BOARDMAN, Richard James | Secretary | 2001-10-16 | 2002-03-20 |
| BRETT, Robert | Secretary | 2005-12-06 | 2007-02-19 |
| STRATFORD, Frederick Anthony | Secretary | 2013-06-13 | 2025-09-30 |
| FULHAM MANAGEMENT LIMITED | Corporate Secretary | 2002-03-20 | 2005-11-15 |
| BARTLETT, Philip George | Director | — | 2001-10-16 |
| BARTOV, Ram | Director | 2022-01-29 | 2024-07-15 |
| BATCHELOR, Lance Henry Lowe | Director | 2020-11-25 | 2021-04-30 |
| BAUMFIELD, Angela Tracy | Director | 1996-04-01 | 2021-05-01 |
| BOARDMAN, David John | Director | — | 1995-05-18 |
| BOARDMAN, Richard James | Director | 1995-06-14 | 2011-04-18 |
| BOARDMAN, Ronald | Director | — | 2005-11-15 |
| BREHENY, John Paul James | Director | 2020-11-25 | 2021-04-30 |
| BRETT, Robert | Director | 2005-11-15 | 2007-02-19 |
| DELEAY, Martin Roy | Director | 2008-04-29 | 2009-04-24 |
| EVERSON, Matthew Gordon | Director | 2005-11-15 | 2021-05-01 |
| GIVISKOS, Anne Mary | Director | 2025-10-01 | 2026-04-17 |
| HANLY, Joe James | Director | 2016-02-25 | 2021-11-30 |
| HIBBERT, Andrew John | Director | 2007-05-17 | 2015-03-19 |
| MCKEE, John | Director | 2007-05-17 | 2010-11-20 |
| OLIVER, Julie Ann | Director | 2020-10-28 | 2021-05-01 |
| ROBINSON, Iain | Director | 2005-11-15 | 2008-07-22 |
| STRATFORD, Frederick Anthony | Director | 2012-03-30 | 2025-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Inflexion Private Equity Partners Llp | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors, right-to-appoint-and-remove-directors-as-firm, significant-influence-or-control-as-firm | 2016-08-03 | Ceased 2016-08-03 |
| Reed & Mackay Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 236 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-02 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-30 | AA | accounts | Accounts with accounts type full | |
| 2025-10-21 | CH01 | officers | Change person director company with change date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-01 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-01 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-03-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-11-07 | AD02 | address | Change sail address company with old address new address | |
| 2024-11-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-06 | AD04 | address | Move registers to registered office company with new address | |
| 2024-09-24 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
+5%
£76,799,000 £80,648,000
-
Cash
+38.6%
£14,729,000 £20,411,000
-
Net assets
+6%
£51,387,000 £54,472,000
-
Employees
-0.1%
708 707
-
Operating profit
+96.1%
£10,347,000 £20,294,000
-
Profit before tax
+92.7%
£11,428,000 £22,023,000
-
Wages
-4.9%
£34,412,000 £32,718,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers