SASA TOPCO LIMITED
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Next accounts due
2025-09-30
Overdue
Confirmation statement due
2027-05-07 (in 1y)
Last made up 2026-04-23
Watchouts
Cash
£7M
-22.1% vs 2022
Net assets
-£73M
-23.6% vs 2022
Employees
230
+32.9% vs 2022
Profit before tax
-£14M
+3.2% vs 2022
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2025-09-30.
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2023-09-30
| Metric | Trend | 2022-09-30 | 2023-09-30 |
|---|---|---|---|
| Turnover | £10,902,000 | £15,056,000 | |
| Operating profit | -£6,045,000 | -£2,754,000 | |
| Profit before tax | -£14,942,000 | -£14,464,000 | |
| Net profit | -£14,251,000 | -£14,036,000 | |
| Cash | £9,064,000 | £7,061,000 | |
| Total assets less current liabilities | £36,772,000 | £32,755,000 | |
| Net assets | -£58,802,000 | -£72,667,000 | |
| Equity | -£58,802,000 | -£72,667,000 | |
| Average employees | 173 | 230 | |
| Wages | £6,200,000 | £8,391,000 |
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 | 2022-09-30 | 2023-09-30 |
|---|---|---|---|
| Operating margin | -55.4% | -18.3% | |
| Net margin | -130.7% | -93.2% | |
| Return on capital employed | -16.4% | -8.4% | |
| Current ratio | 0.89x | 0.86x | |
| Interest cover | -0.68x | -0.23x |
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
- Consolidated group
- Auditor
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider that the Group has sufficient resources to continue its operations for the foreseeable future, and consequently they continue to adopt the going concern basis in preparing the annual financial statements.”
Group structure
- SASA TOPCO LIMITED · parent
- Sasa Midco Limited 100%
- Sasa Bidco Limited 100%
- Key Travel International Limited 100%
- Key Travel Holdings Limited 100%
- Key Travel Limited 100%
- Key Travel Inc 100%
- Key Travel NV 100%
- Key Travel BV 100%
- Key Travel (Europe) Limited 100%
- Raptim Intercontinental BV 100%
- Raptim Franchise BV 100%
- Raptim International Travel Inc 100%
- Raptim Humanitarian Travel Ltd 100%
- Raptim Canada Inc 100%
- McTavish Holdings Inc 100%
- McTavish Travel Centre 100%
- Raptim SA 100%
- Raptim Nederland BV 100%
- Multatuli Travel BV 100%
- Raptim France SASU 100%
- Raptim SRL 100%
- Jet Travel Ltd 100%
- LDV SRL 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONOLEY, Simon Nicholas | Director | 2021-01-23 | Apr 1982 | British |
| HAMMAD, Saad Hassan | Director | 2018-05-25 | Oct 1962 | British |
| TERRY, Ken | Director | 2018-04-24 | May 1964 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BIRKS, Nigel Francis | Director | 2019-05-10 | 2021-01-23 |
| BRETT, Edward | Director | 2018-04-24 | 2018-05-25 |
| DAVIS, Alexander Rory Wellington | Director | 2018-05-25 | 2019-05-10 |
| FALCON, Tom | Director | 2018-05-25 | 2023-08-17 |
| JACOVOU, Jacovos George | Director | 2018-05-25 | 2025-10-02 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Elysian Capital Ii Lp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-01-07 | Active |
| Elysian Capital Gp Ii Llp | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-05-25 | Ceased 2025-01-07 |
| Mr Edward Brett | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-04-24 | Ceased 2018-05-25 |
Filing timeline
Last 20 of 91 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-10-12 RESOLUTIONS Resolution
- 2022-09-28 MA Memorandum articles
- 2022-09-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-02-06 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-23 | AA | accounts | Accounts with accounts type group | |
| 2023-08-23 | AA01 | accounts | Change account reference date company current extended | |
| 2023-08-21 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-26 | AA | accounts | Accounts with accounts type group | |
| 2023-05-15 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2023-05-15 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-05-04 | CS01 | confirmation-statement | Confirmation statement | |
| 2022-10-20 | SH03 | capital | Capital return purchase own shares | |
| 2022-10-12 | RESOLUTIONS | resolution | Resolution | |
| 2022-10-11 | SH06 | capital | Capital cancellation shares | |
| 2022-10-03 | SH01 | capital | Capital allotment shares | |
| 2022-10-01 | AA | accounts | Accounts with accounts type group | |
| 2022-09-28 | MA | incorporation | Memorandum articles | |
| 2022-09-28 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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
FY2022 → FY2023 · period ending 2023-09-30 vs 2022-09-30
-
Turnover
+38.1%
£10,902,000 £15,056,000
-
Cash
-22.1%
£9,064,000 £7,061,000
-
Net assets
-23.6%
-£58,802,000 -£72,667,000
-
Employees
+32.9%
173 230
-
Operating profit
+54.4%
-£6,045,000 -£2,754,000
-
Profit before tax
+3.2%
-£14,942,000 -£14,464,000
-
Wages
+35.3%
£6,200,000 £8,391,000
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