Company Overview
Lowcostholidays Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Tuesday 12 February 2002, so this is a well established company. Lowcostholidays Limited has been in business for 24 years and 1 month. The accounts status is group and the accounts are next due on Tuesday 31 January 2017.
Registered Address

C/O Evelyn Partners Llp, 45 Gresham Street, London, EC2V 7BG
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Companies House Data
Company NameLOWCOSTHOLIDAYS LIMITED
Company Number04371920
Registered Office AddressC/O Evelyn Partners Llp
 45 Gresham Street
 EC2V 7BG
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date12/02/2002
Accounting Reference Date Day30
Accounting Reference Date Month4
Accounts Next Due Date31/01/2017
Accounts Last Made Up Date31/10/2014
Accounts Account CategoryGROUP
Returns Next Due Date13/03/2017
Returns Last Made Up Date13/02/2016
Previous Company NameChanged Date
LOWCOSTTRAVELGROUP LIMITED19 Jan 2009
LOWCOSTBEDS.COM LIMITED08 Feb 2006
Directors & Members
Show Resigned
Paul Evans - Director
(British, 67 years old, born July 1959)
Appointed 16 December 2015
 Active
Salman Rasool - Director
(British, 47 years old, born September 1979)
Appointed 27 May 2008
 Active
Secretaries
Show Resigned
Other Company Directorships
Paul Evans
No companies found
Salman Rasool
LOWCOSTAVIATION.COM LIMITED
LOWCOSTBEDS.COM LIMITED
LOWCOSTTRAVELGROUP LIMITED
RESORTHOPPA (UK) LIMITED
RESORTHOPPA LIMITED
WH789 LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Balance Sheet
Fixed Assets 2,628,518 1,660,777 1,603,678
Current Assets 66,581,438 20,895,444 25,069,819
Creditors Due Within One Year 63,192,163 18,316,841 22,414,543
Working Cap 3,389,275 2,578,603 2,655,276
Total Assets Less Current Liabilities 6,017,793 4,239,380 4,258,954
Long-term Liabilities 1,874,516 23,281 14,132
Net Assets 4,143,277 4,216,099 4,244,822
Share Capital & Reserves
Share Cap 1,281 1,281 1,281
Profit & Loss Reserves 2,511,165 2,664,838 2,693,561
Other Reserves 1,630,831 1,549,980 1,549,980
Shareholders Funds 4,143,277 4,216,099 4,244,822
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Tangible Fixed Assets - - -
Fixed Assets 3.8% 7.4% 6.0%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 19.6% 23.9% 28.2%
Cash Bank In Hand 9.9% 35.0% 55.8%
Current Assets 96.2% 92.6% 94.0%
Creditors Due Within One Year 91.3% 81.2% 84.0%
Net Current Assets Liabilities 4.9% 11.4% 10.0%
Creditors Due After One Year 2.7% 0.1% 0.1%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 6.0% 18.7% 15.9%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 3.6% 11.8% 10.1%
Shareholder Funds 6.0% 18.7% 15.9%
Capital Employed - - -
Total Assets Less Current Liabilities 8.7% 18.8% 16.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Liquidity Ratio 1.1 1.1 1.1
Solvency Ratio 1.1 1.2 1.2
Reserves to Assets 0.0 0.1 0.1
Secured Creditors Unlock full report
Mortgages Charges 6
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 4
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2014 31-Oct-2013 31-Oct-2012
Assets 69,209,956 22,556,221 26,673,497
Debt 65,066,679 18,340,122 22,428,675
Net Assets/Debt 4,143,277 4,216,099 4,244,822
The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around EC2V 7BG
No other companies found in the same location
Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Liquidators' statement of receipts and payments to 23 July 2024
Liquidators' statement of receipts and payments to 23 July 2023
Liquidators' statement of receipts and payments to 23 July 2022
Registered office address changed from 25 Moorgate London EC2R 6AY to C/O Evelyn Partners Llp 45 Gresham Street London EC2V 7BG on 18 July 2022
Liquidators' statement of receipts and payments to 23 July 2021
Liquidators' statement of receipts and payments to 23 July 2020
Liquidators' statement of receipts and payments to 23 July 2019
Appointment of a voluntary liquidator
Notice of move from Administration case to Creditors Voluntary Liquidation
Administrator's progress report
Notice of extension of period of Administration
Administrator's progress report to 14 January 2017
Statement of administrator's proposal
Statement of affairs with form 2.14B/2.15B
Result of meeting of creditors
Registered office address changed from Spectrum House Beehive Ring Road London Gatwick Airport Gatwick West Sussex RH6 0LG England to 25 Moorgate London EC2R 6AY on 29 July 2016
Appointment of an administrator
Current accounting period extended from 31 October 2015 to 30 April 2016
Auditor's resignation
Annual return made up to 13 February 2016 with full list of shareholders
Appointment of Mr Paul Richard Evans as a director on 16 December 2015
Annual return made up to 12 February 2016 with full list of shareholders
Termination of appointment of Paul Richard Evans as a director on 16 December 2015
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