THE PORTMAN TRAVEL GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-07 (in 6mo)
Last made up 2025-10-24
Watchouts
None on the register
Cash
£72M
highest in 3 filed years
Net assets
£11M
highest in 3 filed years
Employees
1,427
highest in 3 filed years
Profit before tax
£10M
Period ending 2024-12-31
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £234,140,000 | £279,678,000 | |
| Operating profit | — | — | £22,402,000 | £16,434,000 | |
| Profit before tax | — | — | £19,028,000 | £9,648,000 | |
| Net profit | — | -£1,031,000 | £16,662,000 | £9,406,000 | |
| Cash | — | £31,000 | £47,073,000 | £72,037,000 | |
| Total assets less current liabilities | — | — | £110,497,000 | £96,642,000 | |
| Net assets | — | -£4,028,000 | £1,168,000 | £10,619,000 | |
| Equity | -£2,997,000 | -£12,084,000 | £1,168,000 | £10,619,000 | |
| Average employees | — | 0 | 1,339 | 1,427 | |
| Wages | — | £529,000 | £36,498,000 | £59,679,000 | |
| Directors' remuneration | — | — | £1,001,000 | £2,890,000 |
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 2024-12-31 vs 2023-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 9.6% | 5.9% | |
| Net margin | — | — | 7.1% | 3.4% | |
| Return on capital employed | — | — | 20.3% | 17.0% | |
| Gearing (liabilities / total assets) | — | 106.4% | 99.6% | 97.2% | |
| Current ratio | — | 0.31x | 1.05x | 0.96x | |
| Interest cover | — | — | 4.55x | 2.04x |
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 1 time since incorporation
- THE PORTMAN TRAVEL GROUP LIMITED 2017-07-12 → present
- MAWASEM TRAVEL AND TOURISM LIMITED 2014-01-03 → 2017-07-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Xeinadin Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group has considered its financial position, future forecasts and current cash available, and the business remains a going concern, as further explained in note 3.2 overleaf. The Group holds balances due to ultimate parent, Seera Holding Group (SHG). SHG has confirmed the intention to put in place an extension to the agreement whereby payment will not be required until 31 December 2026 or 31 December 2027 for balances included in creditors greater than 1 year. SHG have also confirmed that they will provide sufficient financial support to The Portman Travel Group Limited and its associated subsidiaries to ensure that the business of such Group continues to operate as a going concern, for at least one year from the date of signature of the financial statements for the year ended 31 December 2024, and to the extent it remains an entity controlled by Seera Holding Group. Consequently, the Directors are confident that the Group will have sufficient funds to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the finanical statements on a going concern basis.”
Group structure
- THE PORTMAN TRAVEL GROUP LIMITED · parent
- Elegant Resorts Limited 100%
- Clarity Travel Limited 100%
- Destination Sport Limited 100%
- Sports World Group limited 65%
- Sports World Holding International limited 65%
- Sports World Events Limited 65%
Significant events
- “Sweetspot Group Limited acquired on 13 February 2025, ceasing to be a joint venture and becoming a subsidiary.”
- “England Rugby Travel Limited (a joint venture of Mike Burton Travel Limited) was liquidated post year end, with a new contract established.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AHUSSAIN, Muzzammil | Director | 2024-09-18 | Jun 1983 | American |
| AL DAWOOD, Abdullah | Director | 2015-11-30 | Dec 1981 | Saudi Arabian |
| ALNASSER, Alwaleed | Director | 2024-09-18 | Jul 1983 | Saudi Arabian |
| KHALID, Muhammad, Mr. | Director | 2024-09-18 | Apr 1981 | Pakistani |
| NEVIN, Mark Christopher | Director | 2014-07-17 | Aug 1957 | British |
| SOMERSET, Ian James | Director | 2026-04-14 | Nov 1979 | British |
| WALSH, Redmond Gavin Mcginty | Director | 2016-06-01 | Sep 1967 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AHMED, Ali Altagani, Dr | Director | 2014-01-03 | 2015-10-25 |
| AL TAYYAR, Nasser Aqeel, Dr | Director | 2014-01-03 | 2015-10-25 |
| YOUSIF, Yousif Musa | Director | 2014-01-03 | 2021-09-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dr Nasser Aqeel Al Tayyar | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-01-01 |
Filing timeline
Last 20 of 43 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-23 | AA | accounts | Accounts with accounts type group | |
| 2024-11-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-02 | AA | accounts | Accounts with accounts type full | |
| 2023-11-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-16 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-27 | AA | accounts | Accounts with accounts type group | |
| 2022-10-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-04 | AA | accounts | Accounts with accounts type group | |
| 2021-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-02 | AA | accounts | Accounts with accounts type group | |
| 2021-09-30 | TM01 | officers | Termination director company with name termination date | |
| 2020-12-18 | AA | accounts | Accounts with accounts type group | |
| 2020-11-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-04 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- 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.