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Company No. 07728519 · Incorporated 3 Aug 2011

Expat Explore Travel Ltd

Registered name: EXPAT EXPLORE TRAVEL LTD

Expat Explore Travel Ltd made £26.5m revenue and £458k profit in the year to 31 Dec 2024.

Expat Explore Travel Ltd’s revenue fell 15% to £26.5m in the year to 31 Dec 2024, with £458k profit and 28 employees. The company is classified under “travel agency activities” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 79110Travel agency activities
Status
Active
Location
London, London
Age
15 yrs · since 2011
Type
Private Limited Company
Latest accounts · year to 31 Dec 2024

Key figures

IndependentCapital-lightCash flow filed
Revenue
£26.5m
Growth ▼15.2%
Profit
£458k
Growth ▼77.5%
Profit margin
1.7%
Gross 22.8%
Employees
28
Change ▲40%
Profit / employee
£16.4k
Revenue/employee £948k
Profitable streak
3yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£11.9m£31.3m£26.5m
Cost of sales£7.5m£23.6m£20.5m
Gross profit£4.4m£7.7m£6.1m
Operating profit£2.2m£2.7m£652k
Profit before tax£2.2m£2.7m£648k
Profit after tax£1.8m£2m£458k
Profit (best available)£1.8m£2m£458k
Staff costs£449k£1.9m£2m
Employees (average)122028
Ratios
Profit margin14.7%6.5%1.7%
Gross margin37%24.6%22.8%
Revenue per employee£993k£1.6m£948k
Profit per employee£146k£102k£16.4k
Cash conversion118.8%57%191%
Growth (year on year)
Revenue growth—▲162.6%▼15.2%
Profit growth—▲15.8%▼77.5%
Headcount growth—▲66.7%▲40%
Balance sheet — indirect signals, not revenue
Cash at bank£3.2m£3.1m£2.7m
Net assets£1.3m£2.7m£2.4m
Fixed assets£60.4k£247k£229k
Current assets£6.3m£7.1m£7.6m
Debtors£3.1m£1.1m£336k
Deferred income£3.4m£3.2m£3.3m
Cash from operations£2.6m£1.5m£1.2m
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2025
Derived from the latest filing

How the business works

Profit margin
1.7%
Profit ÷ revenue.
Gross margin
22.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£948k
Revenue ÷ average employees.
Profit per employee
£16.4k
Profit ÷ average employees.
Cash conversion
191%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.9%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
12.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
1.3%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▼9%
Now £2.4m
Cash at bank
▼10%
Now £2.7m
Headcount
▲40%
Now 28
Deferred income
▲4%
Now £3.3m
Fixed assets
▼7%
Now £229k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £458k), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.