DESTINATION 2 LIMITED
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Cash
£19M
-19.1% vs 2024
Net assets
£1.4M
+33.4% vs 2024
Employees
46
+15% highest in 6 filed years
Profit before tax
£598K
-64.4% vs 2024
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £16,767,034 | £26,577,230 | £70,429,975 | £81,525,194 | £83,186,552 | £91,942,398 | +10.5% | |
| Operating profit | £334,691 | £236,738 | £918,034 | £245,743 | £638,572 | £19,874 | -96.9% | |
| Profit before tax | £347,665 | £177,009 | £925,241 | £950,536 | £1,677,771 | £598,105 | -64.4% | |
| Net profit | £347,665 | £173,557 | £827,644 | £898,880 | £1,555,162 | £564,456 | -63.7% | |
| Cash | £12,025,738 | £14,314,828 | £18,382,815 | £21,371,591 | £23,604,154 | £19,088,787 | -19.1% | |
| Total assets less current liabilities | £1,079,386 | £915,906 | £1,570,993 | £2,383,428 | £1,353,992 | £1,715,246 | +26.7% | |
| Net assets | £1,079,386 | £915,035 | £1,540,119 | £2,236,439 | £1,084,394 | £1,446,290 | +33.4% | |
| Equity | £1,079,386 | £915,035 | £1,540,119 | £2,236,439 | £1,084,394 | £1,446,290 | +33.4% | |
| Average employees | 26 | 24 | 30 | 37 | 40 | 46 | +15% | |
| Wages | £1,658,719 | £1,947,136 | £3,342,749 | £3,451,777 | £3,441,970 | £4,523,921 | +31.4% | |
| Directors' remuneration | — | £256,269 | £311,678 | £423,170 | £398,325 | £566,331 | +42.2% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | 2.0% | 0.9% | 1.3% | 0.3% | 0.8% | 0.0% | |
| Net margin | 2.1% | 0.7% | 1.2% | 1.1% | 1.9% | 0.6% | |
| Return on capital employed | 31.0% | 25.8% | 58.4% | 10.3% | 47.2% | 1.2% | |
| Gearing (liabilities / total assets) | — | — | — | — | 97.1% | 96.1% | |
| Current ratio | — | — | — | 1.05x | 1.01x | 1.02x |
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)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- DJH Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Key factors impacting the year included: Continued pressure on airline and accommodation pricing Competitive intensity across digital distribution channels Ongoing macroeconomic uncertainty affecting UK consumer spend Persistent geopolitical influences impacting destination demand”
- “Change in Accounting Policy - Turnover Recognition During the year, the Company adopted a change in turnover recognition policy from a booking-date basis to a departure-date basis.”
- “Product and purchasing: Expansion of long-haul product range and strengthened supplier relationships”
- “Air and ancillary revenue optimisation: Major focus on flight monetisation and pricing strategy”
- “Technology and digital platforms: Website and system enhancements”
- “Customer engagement and retention: CRM and marketing optimization”
- “Customer Focus: Continued emphasis on customer service excellence and maintaining strong customer review performance”
- “Brand and market presence: Increased digital marketing activity”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| APPLEBY, Matthew David | Director | 2018-12-14 | Apr 1978 | British |
| BOTTERILL, Andrew Ian | Director | 2019-10-01 | Jun 1968 | British |
| CARTY, Tony Graham | Director | 2017-08-01 | Jul 1969 | British |
| EDWARDS, Jason William | Director | 2016-04-07 | Oct 1968 | British |
| FREETH, Andrew David | Director | 2025-01-20 | Aug 1975 | British |
| LAWTON, Mark David | Director | 2018-12-14 | Jan 1977 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| EDWARDS, Paul Dylan | Director | 2019-10-01 | 2020-08-18 |
| LATHAM, Neil Alexander | Director | 2016-07-01 | 2018-12-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Travcorp Holdings Limited | Corporate entity | Shares 75–100% | 2016-04-07 | Active |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-19 | AA | accounts | Accounts with accounts type full | |
| 2026-04-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-03 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-06-30 | AA | accounts | Accounts with accounts type full | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-22 | AD02 | address | Change sail address company with old address new address | |
| 2025-01-24 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-28 | AA | accounts | Accounts with accounts type full | |
| 2024-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-13 | AA | accounts | Accounts with accounts type full | |
| 2023-04-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-12-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-07-22 | AA | accounts | Accounts with accounts type full | |
| 2022-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-28 | AA | accounts | Accounts with accounts type full | |
| 2021-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-15 | AA | accounts | Accounts with accounts type small | |
| 2020-08-19 | TM01 | officers | Termination director company with name termination date | |
| 2020-04-17 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.