REED & MACKAY HOLDINGS LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. REED & MACKAY HOLDINGS LIMITED 2005-12-13 → present
2. PIMCO 2362 LIMITED 2005-09-29 → 2005-12-13

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have prepared detailed financial forecasts which take into account the expected future trading performance of the Group, the Company and reasonable possible reductions in this expected performance. These demonstrate that the Group and the Company will be able to operate within the level of its available resources and will have sufficient funds to ensure it can meet its financial liabilities as they fall due. As disclosed in Note 31, the Group's subsidiary Reed & Mackay Travel Limited entered into a joint revolving credit facility on 14 March 2025 with the Company's parent company Navan Inc and under this arrangement certain assets of the subsidiary have been pledged. Given the joint nature of this arrangement, the Company has received a letter of support from Navan Inc confirming its support to the the Company, the Group and its obligations under this joint arrangement for a period of at least twelve months from signing of these financial statements. After making enquiries and taking into account the above factors, the directors have a reasonable expectation that the Group and the Company have 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

1. REED & MACKAY HOLDINGS LIMITED · parent
   1. Reed & Mackay Canada Inc 100% · Canada · Corporate Travel Agent
   2. Reed & Mackay Deutschland GmbH 100% · Germany · Corporate Travel Agent
   3. Reed & Mackay España S.A.U. 100% · Spain · Corporate Travel Agent
   4. Reed & Mackay France S.A.S. 100% · France · Corporate Travel Agent
   5. Reed & Mackay Netherlands B.V. 100% · Netherlands · Corporate Travel Agent
   6. Reed & Mackay Travel Singapore Pte Ltd 100% · Singapore · Corporate Travel Agent
   7. Reed & Mackay Travel Australia Pty Ltd 100% · Australia · Corporate Travel Agent
   8. Reed & Mackay Travel India Private Limited 100% · India · Corporate Travel Agent
   9. Reed & Mackay Travel Limited 100% · England and Wales · Corporate Travel Agent
   10. Reed & Mackay Travel Management Services FZE 100% · United Arab Emirates · Corporate Travel Agent
   11. Regent International S.R.L. 100% · Italy · Corporate Travel Agent
   12. Alquemie Travel Pty Ltd 100% · Australia · Corporate Travel Agent
   13. Concierge Travel Group Pty Ltd 100% · Australia · Corporate Travel Agent
   14. Haram Pty Ltd 100% · Australia · Dormant
   15. Hillgate Incentives Limited 100% · England and Wales · Dormant
   16. Navan Travel UK SPV Limited 100% · England and Wales · Dormant
   17. Reed & Mackay Travel New Zealand Limited 100% · New Zealand · Corporate Travel Agent
   18. Navan Labs India Private Limited 1% · India · Corporate Travel Agent

Significant events

• “On 4 June 2024, the Group further expanded its international presence and operations through the acquisition of 100% of the shareholding of Regent International S.R.L., an Italian business travel and events management company.”
• “On 11 March 2025, the Group disposed 100% of the shareholding in Alquemie Travel Pty Ltd as part of the Group's ongoing strategy to focus on core activities.”
• “On 14 March 2025, the Group entered into a joint revolving credit facility with it's parent company Navan Inc.”
• “On 1 July 2025, the Company disposed 100% of the shareholding in Reed & Mackay Netherlands B.V. to it's parent company Navan Inc.”
• “On 2 July 2025, the Company declared and paid an interim dividend of £4,500,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.3%

  £94,888,000 → £103,720,000

• Cash

  +36.5%

  £22,570,000 → £30,802,000

• Net assets

  +10.8%

  £76,474,000 → £84,754,000

• Employees

  +6.2%

  1,027 → 1,091

• Operating profit

  +174.1%

  £6,470,000 → £17,736,000

• Profit before tax

  +189.5%

  £6,219,000 → £18,005,000

• Wages

  -0.2%

  £47,841,000 → £47,738,000

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