PGL TRAVEL LIMITED
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Next accounts due
2026-05-31 (this month)
Last filed for 2024-08-31
Confirmation statement due
2026-12-13 (in 7mo)
Last made up 2025-11-29
Watchouts
Cash
£2M
-8.8% vs 2023
Net assets
£2M
-90.4% vs 2023
Employees
1,917
-2.6% vs 2023
Profit before tax
-£18M
+37.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company is reliant on support from the Group and that there are material uncertainties around Going concern. A loan of £9.3m is required to be repaid in January 2026. The forecasts show a breach of loan covenants in June 2025. This breach of covenants would need to be waived by the lenders.
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Name history
Renamed 1 time since incorporation
- PGL TRAVEL LIMITED 1994-02-08 → present
- P.G.L. YOUNG ADVENTURE LIMITED 1974-11-25 → 1994-02-08
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-08-31
| Metric | Trend | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Turnover | £81,966,000 | £89,446,000 | |
| Operating profit | -£22,795,000 | -£11,518,000 | |
| Profit before tax | -£28,835,000 | -£18,086,000 | |
| Net profit | -£23,451,000 | -£16,407,000 | |
| Cash | £2,231,000 | £2,034,000 | |
| Total assets less current liabilities | £183,259,000 | £165,136,000 | |
| Net assets | £18,503,000 | £1,774,000 | |
| Equity | £18,503,000 | £1,774,000 | |
| Average employees | 1,969 | 1,917 | |
| Wages | £41,460,000 | £44,361,000 |
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 | 2023-08-31 | 2024-08-31 |
|---|---|---|---|
| Operating margin | -27.8% | -12.9% | |
| Net margin | -28.6% | -18.3% | |
| Return on capital employed | -12.4% | -7.0% | |
| Gearing (liabilities / total assets) | 94.1% | 99.4% | |
| Current ratio | 0.13x | 0.11x | |
| Interest cover | -3.72x | -1.73x |
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 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“The company is reliant on support from the Group and that there are material uncertainties around Going concern. A loan of £9.3m is required to be repaid in January 2026. The forecasts show a breach of loan covenants in June 2025. This breach of covenants would need to be waived by the lenders.”
Group structure
- PGL TRAVEL LIMITED · parent
- PGL Adventure Ltd. 100%
- HB PGL Holding Limited 100%
- PGL Travel PTY Ltd 100%
- PGL Property PTY Ltd 100%
- PGL Adventure Camps PTY Ltd 100%
- PGL Camps PTY Ltd 100%
Significant events
- “Post year end we made the difficult decision to close two of our smallest PGL centres (Tregoyd House and Beam House). These centres realized combined revenues of £1.9m and combined operating loss of £0.2m during 2024. All customers with bookings in these centres for FY25 have been offered alternatives at our other centres, and we are pleased that we have retained over 80% of these customers.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 40 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRAFF, Nicole Sarah | Director | 2025-01-28 | Jul 1989 | British |
| JONES, Anthony Gerald | Director | 2020-03-26 | Aug 1973 | British |
| PARKIN, Sharon, Ms. | Director | 2017-07-07 | Jan 1968 | British |
Show 40 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHURCHUS, Peter John | Secretary | — | 1995-10-25 |
| CULLEN, Dominique | Secretary | 2015-02-20 | 2016-08-01 |
| LAWRENCE, Peter Gordon | Secretary | 1995-10-25 | 2003-07-05 |
| MAY, Timothy William | Secretary | 2014-10-30 | 2015-02-20 |
| WILLIAMSON, Alexandra Dilys | Secretary | 2007-06-11 | 2014-10-30 |
| WOOLF, Linda Mary | Secretary | 2003-07-05 | 2007-06-11 |
| BADDELEY, Robert Gregory | Director | 2007-06-11 | 2010-12-31 |
| BALI, Navneet | Director | 2012-05-17 | 2019-01-14 |
| BALLANTYNE, Floyd Kim | Director | 1995-04-10 | 2000-05-12 |
| BRACEY, Andrew James Mark Lewis | Director | 2019-01-14 | 2021-11-30 |
| BRIERLY, John Richard | Director | — | 1992-12-05 |
| BRIGHT, Neil Irvine | Director | 2011-01-01 | 2012-07-06 |
| CHURCHUS, Peter John | Director | 2003-07-05 | 2020-09-01 |
| CHURCHUS, Peter John | Director | — | 1995-10-25 |
| CLARK, Andrew James | Director | 2022-09-20 | 2025-01-28 |
| CLEGG, Aiden Charles Barwick | Director | 2019-01-14 | 2021-11-30 |
| CREIGHTON, Luke Taylor | Director | 2021-02-11 | 2022-07-01 |
| CURRIE, Neil Allen | Director | 2019-01-14 | 2021-11-30 |
| DAVIES, Martin William Oliver | Director | 2004-05-24 | 2012-09-20 |
| FIRTH, John Gordon | Director | 1997-04-23 | 2020-04-27 |
| FRASER, Hugh Gordon | Director | 2001-12-03 | 2003-09-05 |
| FRYER, Louise | Director | 2001-04-06 | 2004-04-06 |
| FRYER, Michael John | Director | 2002-01-05 | 2005-08-19 |
| GOENKA, Abhishek | Director | 2014-10-30 | 2019-01-14 |
| HAYWARD, Carl Robert | Director | 2020-07-01 | 2021-02-11 |
| HINTON, Elizabeth Gillian | Director | — | 1996-04-12 |
| HUDSON, Martin Andrew | Director | — | 2012-01-31 |
| LAWRENCE, Peter Gordon | Director | — | 2004-08-13 |
| MAY, Timothy William | Director | 2009-10-01 | 2019-01-14 |
| MICHEL, Carl Heinrich | Director | 2007-06-11 | 2009-09-30 |
| OFFICER, Ian Campbell | Director | 1997-04-23 | 2012-03-30 |
| ORMISTON, Andrew David | Director | 2001-05-05 | 2003-10-03 |
| PARRY, David Kim | Director | 1997-04-23 | 2003-07-05 |
| SADLER, Anthony Graham | Director | 2010-08-16 | 2020-07-31 |
| SANDERS, Richard | Director | 2012-10-02 | 2021-01-15 |
| SLADEN, Perry | Director | 2015-10-06 | 2021-01-15 |
| THORPE, James Michael | Director | 1993-08-13 | 1996-11-30 |
| WALKER, Patricia Mary | Director | 2012-10-02 | 2017-07-07 |
| WOOD, Peter Andrew | Director | 1992-01-21 | 1993-03-05 |
| WOOLF, Linda Mary | Director | 1995-03-22 | 2011-02-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| P.G.L.Voyages Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-11-20 | Active |
Filing timeline
Last 20 of 347 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-29 | AA | accounts | Accounts with accounts type full | |
| 2025-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-18 | AA | accounts | Accounts with accounts type full | |
| 2023-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-05-20 | AA | accounts | Accounts with accounts type full | |
| 2022-12-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-23 | AA | accounts | Accounts with accounts type full | |
| 2021-11-30 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-30 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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 2024-08-31 vs 2023-08-31
-
Turnover
+9.1%
£81,966,000 £89,446,000
-
Cash
-8.8%
£2,231,000 £2,034,000
-
Net assets
-90.4%
£18,503,000 £1,774,000
-
Employees
-2.6%
1,969 1,917
-
Operating profit
+49.5%
-£22,795,000 -£11,518,000
-
Profit before tax
+37.3%
-£28,835,000 -£18,086,000
-
Wages
+7%
£41,460,000 £44,361,000
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