CORPORATE TRAVEL MANAGEMENT (NORTH) LIMITED
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Cash
£17m
+35.1% highest in 3 filed years
Net assets
-£71m
-52.4% lowest in 3 filed years
Employees
178
-11.9% vs 2024
Profit before tax
-£3.9m
-134% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
-
Negative shareholders' funds
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2023-06-30 | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £58,091,387 | £30,928,736 | £23,046,181 | -25.5% | |
| Operating profit | £47,161,285 | £11,109,275 | -£3,811,184 | -134.3% | |
| Profit before tax | £49,296,491 | £11,355,448 | -£3,862,236 | -134% | |
| Net profit | £39,181,453 | £8,476,894 | -£4,301,123 | -150.7% | |
| Cash | £12,351,058 | £12,566,279 | £16,976,978 | +35.1% | |
| Total assets less current liabilities | £22,801,094 | -£45,663,765 | -£70,200,236 | -53.7% | |
| Net assets | £22,801,094 | -£46,409,642 | -£70,710,743 | -52.4% | |
| Equity | £22,801,094 | -£46,409,642 | -£70,710,743 | -52.4% | |
| Average employees | 174 | 202 | 178 | -11.9% | |
| Wages | £6,672,067 | £9,977,071 | £9,169,073 | -8.1% | |
| Directors' remuneration | £258,343 | £263,329 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-06-30 | 2024-06-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating margin | 81.2% | 35.9% | -16.5% | |
| Net margin | 67.4% | 27.4% | -18.7% | |
| Return on capital employed | 206.8% | — | — | |
| Gearing (liabilities / total assets) | 83.7% | 135.2% | 157.4% | |
| Current ratio | 1.19x | 0.73x | 0.63x | |
| Interest cover | — | — | -74.65x |
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.
Name history
Renamed 2 times since incorporation
- CORPORATE TRAVEL MANAGEMENT (NORTH) LIMITED 2018-07-02 → present
- REDFERN TRAVEL LIMITED 1969-04-30 → 2018-07-02
- REDFERN SEA-AIR TOURS LIMITED 1950-11-10 → 1969-04-30
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- F.W. Smith, Riches & Co.
- Audit opinion
- Qualified
- Going concern
- Affirmed
“Having regard to these arrangements, the Directors consider that there are no material uncertainties and that the Company will have access to sufficient financial resources to meet its liabilities as they fall due and continue its operations for the foreseeable future.”
Significant events
- “In August 2026, the Company concluded full and final settlement agreements with several key customers representing £101.7 million of these customer related liabilities recognised at 30 June 2025, for a total settlement amount of £86.9 million.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARVEY, Stewart | Director | 2026-09-07 | Aug 1959 | British |
| MONTGOMERY, Christopher Colin | Director | 2024-03-20 | Jan 1972 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FLEMING, Stephen John | Secretary | 2018-08-30 | 2019-04-10 |
| JONES, Marjory Rostron | Secretary | — | 1999-03-17 |
| POLLARD, Vicki Fay | Secretary | 2015-06-11 | 2018-08-30 |
| WEBSTER, Allan Firth | Secretary | 1999-03-17 | 2015-06-10 |
| BEATON, Carla Maree | Director | 2022-07-01 | 2024-03-20 |
| BOWERS, Mark Watson | Director | 2012-01-11 | 2018-01-16 |
| BRIGGS, Dennis | Director | — | 1999-03-17 |
| CARLING, Deborah Ann | Director | 2017-01-31 | 2024-12-31 |
| FLEMING, Stephen John | Director | 2017-01-31 | 2020-03-27 |
| HALL, Geoffrey | Director | — | 1999-03-17 |
| HEALY, Michael | Director | 2025-01-01 | 2025-12-19 |
| HOPWOOD, Gareth Neil | Director | 2012-01-11 | 2017-01-31 |
| JONES, Margaret Eleanor | Director | — | 1999-03-17 |
| JONES, Richard Nicholas Rostron | Director | 1994-01-01 | 1997-04-15 |
| JONES, William Rostron | Director | — | 1999-03-17 |
| MURRAY, John Anthony | Director | 2020-06-01 | 2022-06-30 |
| NOONAN, Eleanor Kathryn | Director | 2026-04-14 | 2026-09-04 |
| PHEROUS, Jamie Michael | Director | 2017-01-31 | 2026-02-02 |
| SCOTT, James David | Director | 2012-01-11 | 2013-01-10 |
| SHAWE, Anthony St John | Director | 2000-03-17 | 2017-01-31 |
| WATSON, Keith | Director | 1997-10-01 | 1998-11-05 |
| WEBSTER, Allan Firth | Director | 1999-03-17 | 2017-01-31 |
| WOTTON, Ian Charles | Director | 1999-03-17 | 2017-01-31 |
| YOUNG, Michael James | Director | 2020-03-27 | 2021-08-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Corporate Travel Management (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-18 | Active |
| Alpha-Omega Travel Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2021-06-18 |
Filing timeline
Last 20 of 206 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-09-10 | AP01 | officers | Appoint person director company with name date | |
| 2026-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2026-06-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-14 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-14 | AA | accounts | Accounts with accounts type full | |
| 2024-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-25 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-04-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-04-24 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 1
- 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.