TROPICAL SKY LIMITED
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Next accounts due
2026-07-31 (in 2mo)
Last filed for 2024-10-31
Confirmation statement due
2027-03-18 (in 10mo)
Last made up 2026-03-04
Watchouts
None on the register
Cash
£8M
+16.5% vs 2023
Net assets
£2M
+45.3% vs 2023
Employees
62
+8.8% vs 2023
Profit before tax
£713K
+0.3% vs 2023
Net assets
10-year trend · vs Consumer Discretionary median
Accounts
10-year trend · latest reflected 2024-10-31
| Metric | Trend | 2019-10-31 | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | £28,587,882 | — | £12,912,769 | — | £8,445,793 | — | £19,675,480 | — | £23,827,228 | £26,755,264 | |
| Operating profit | £9,653 | — | -£493,666 | — | £112,491 | — | -£205,265 | — | £594,915 | £494,233 | |
| Profit before tax | £38,602 | — | -£488,397 | — | £72,308 | — | -£224,504 | — | £710,180 | £712,505 | |
| Net profit | £61,751 | — | -£499,411 | — | £131,560 | — | -£201,389 | — | £673,232 | £531,553 | |
| Cash | £4,826,714 | £4,826,714 | £3,893,738 | £3,893,738 | £6,238,553 | £6,238,553 | £7,810,833 | £7,810,833 | £6,680,300 | £7,780,305 | |
| Total assets less current liabilities | £2,064,677 | — | £2,664,703 | — | £2,224,228 | — | £1,633,237 | — | £1,993,557 | £2,245,351 | |
| Net assets | £1,673,384 | — | £1,173,973 | — | £997,243 | — | £795,854 | — | £1,062,800 | £1,544,353 | |
| Equity | £1,673,384 | £1,673,384 | £1,173,973 | £1,173,973 | £997,243 | £997,243 | £795,854 | £454,713 | £1,062,800 | £1,544,353 | |
| Average employees | 69 | — | 59 | — | 41 | — | 49 | — | 57 | 62 | |
| Wages | £1,962,550 | — | £1,554,746 | — | £1,059,039 | — | £1,487,867 | — | £1,996,039 | £2,125,565 | |
| Directors' remuneration | £162,023 | — | £361,162 | — | £294,485 | — | £383,885 | — | £475,061 | £547,052 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-10-31 vs 2023-10-31
-
Turnover
+12.3%
£23,827,228 £26,755,264
-
Cash
+16.5%
£6,680,300 £7,780,305
-
Net assets
+45.3%
£1,062,800 £1,544,353
-
Employees
+8.8%
57 62
-
Operating profit
-16.9%
£594,915 £494,233
first positive since 2022
-
Profit before tax
+0.3%
£710,180 £712,505
-
Wages
+6.5%
£1,996,039 £2,125,565
highest in 6 filed years
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-10-31 | 2019-11-01 | 2020-10-31 | 2020-11-01 | 2021-10-31 | 2021-11-01 | 2022-10-31 | 2022-11-01 | 2023-10-31 | 2024-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 0.0% | — | -3.8% | — | 1.3% | — | -1.0% | — | 2.5% | 1.8% | |
| Net margin | 0.2% | — | -3.9% | — | 1.6% | — | -1.0% | — | 2.8% | 2.0% | |
| Return on capital employed | 0.5% | — | -18.5% | — | 5.1% | — | -12.6% | — | 29.8% | 22.0% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | — | — | — | 92.1% | 90.0% | |
| Current ratio | — | — | — | — | — | — | — | — | 1.16x | 1.16x | |
| Interest cover | 4.16x | — | -130.56x | — | 2.74x | — | -4.60x | — | 12.57x | 15.77x |
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)
- Auditor
- White Hart Associates (London) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The travel industry has experienced large shifts in demand for holiday travel over recent years. There is currently some consumer unease in relation to the current economic environment, with increasing energy costs, interest rates and inflation reducing the discretionary spending available to consumers, and geo-political conflicts discouraging travel to certain destinations. As a result, Company management and the directors have continued to review the Company's financial position, as well as budgets and forecasts and plan mitigation actions in order to neutralise any financial impacts. Additionally, they have also performed a sensitivity analysis on the Company's budgets and forecasts to assess the financial impact of any potential further slowdown in trading from the reforecast and its impact on the liquidity of the business. This sensitivity analysis shows that the Company has enough liquidity and cash to trade through a further slowdown. Company management and the directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements. The Company will take all reasonably commercial steps, including seeking further financing or support if required, to mitigate against any further impacts on the Company's ability to continue as a going concern. As a result, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future.”
Significant events
- “There have been no other significant events affecting the Company since the year end.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
9 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLLINS, Michael Gregory | Secretary | 2005-04-16 | — | British |
| COLLINS, Jacqueline | Director | 2009-11-24 | Sep 1968 | British |
| COLLINS, Michael Gregory | Director | 2005-04-16 | Feb 1969 | British |
| GLOVER, Kathryn Arnon | Director | 2025-04-08 | Apr 1967 | British |
| HAWKINS, Christopher David Leonard | Director | 2019-10-31 | Dec 1966 | British |
| HENNESSY, David Anthony | Director | 2012-12-10 | Jun 1958 | Irish |
| LONGSTAFF, Margaret Anne Janet | Director | 2019-10-31 | Jun 1972 | British |
| MEHMOOD, Catherine Wenda | Director | 2019-10-31 | Oct 1971 | British |
| RICE, Matthew Damian | Director | 2022-10-24 | Aug 1965 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FORM 10 SECRETARIES FD LTD | Corporate Nominee Secretary | 2005-04-15 | 2005-04-15 |
| GARLEY, Geraldine | Director | 2009-11-24 | 2010-11-15 |
| GARLEY, Stephen | Director | 2005-04-16 | 2010-11-15 |
| GLOVER, Kathryn Arnon | Director | 2019-10-31 | 2021-02-01 |
| FORM 10 DIRECTORS FD LTD | Corporate Nominee Director | 2005-04-15 | 2005-04-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vivid Skies Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 76 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-12 | CH01 | officers | Change person director company with change date | |
| 2026-01-02 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-06 | AA | accounts | Accounts with accounts type full | |
| 2024-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-16 | AA | accounts | Accounts with accounts type full | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-03-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-26 | AP01 | officers | Appoint person director company with name date | |
| 2022-03-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-17 | CH01 | officers | Change person director company with change date | |
| 2022-02-25 | AA | accounts | Accounts with accounts type full | |
| 2021-07-24 | AA | accounts | Accounts with accounts type full | |
| 2021-04-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-04-20 | TM01 | officers | Termination director company with name termination date | |
| 2020-07-03 | AA | accounts | Accounts with accounts type full | |
| 2020-04-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2020-01-20 | AP01 | officers | Appoint person director company with name date |
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.