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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
COMPANY INFORMATION
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ALTOUR INTERNATIONAL LIMITED
CONTENTS
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ALTOUR INTERNATIONAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors are pleased to present the annual report for Altour International Limited for the financial year ended 31 December 2025. This report reflects the Company's continued resilience, disciplined financial management, and commitment to sustainable growth within a dynamic and, at times, challenging global travel market
The principal activity of the Company during the year was to provide high-quality services as an in-house corporate travel management business, with operations in the UK and The Netherlands, serving corporate clients through a technology-enabled, service-led model.
Altour International continued to deliver resilient trading during 2025 despite a reduction in reported turnover arising from the disposal of the French operation and wider market pressures. The corporate travel market faced a particularly challenging first half of the year as the introduction of US tariffs under the Trump administration created widespread uncertainty in global trade and suppressed transatlantic business travel demand. Industry data from the Advantage Travel Partnership and Travelogix confirmed that UK bookings to the United States fell by approximately 26% in the first six months of 2025 as organisations reassessed the need for transatlantic travel in an uncertain trade environment. Across all destinations, total UK corporate travel spend fell by approximately 5% and volumes declined by over 12% year-on-year in H1 2025. Altour navigated these conditions through a focus on retaining and deepening relationships with existing clients while pursuing new business opportunities in markets less affected by tariff disruption, including European and Middle Eastern routes where demand held firm. A significant strategic development during the year was the progression of the Altour Enterprise Project, an internal initiative designed to enhance Altour's technology-enabled service proposition for enterprise-level corporate clients. Building on Altour's investment in AI-powered travel management tools, enhanced data analytics, and integrated expense and reporting capabilities, the project is intended to close the gap between large enterprise travel programmes and the needs of growing mid-market corporate clients. This initiative reflects the Group's ambition to remain at the forefront of the technology-driven transformation of corporate travel management and positions Altour for sustainable growth as market conditions normalise. Following the strategic sale of Altour France in January 2025, Altour has sharpened its focus on its core UK and Netherlands operations. The business remains a key contributor to the Group's revenue base and continues to benefit from the scale and global reach of its parent organisation, Internova Travel Group, which ranks as the highest-rated American corporate travel management company according to Business Travel News
Market and macroeconomic environment
The travel market in 2025 was defined by a confluence of macroeconomic, geopolitical, and sector-specific factors that created both challenges and opportunities for the Company. The introduction of sweeping tariffs by the Trump administration in early 2025 had an immediate and material impact on global trade confidence and, by extension, business travel. Industry-wide data demonstrated a significant cooling in long-haul corporate travel, particularly on transatlantic routes, during the first and second quarters of the year. According to the Travelogix Global Business Travel Review, UK-based organisations reduced their total travel spend by approximately 5% and travel volumes fell by over 12% year-on-year in H1 2025, with particularly sharp falls in bookings to the United States. New York, which ranked second by booking volume in H1 2024, fell to fourth place in the equivalent period of 2025, while Los Angeles dropped from the top 10 to 22nd position. As the year progressed and some trade uncertainty abated, market conditions stabilised, with a greater focus on short-haul and European routes as businesses adapted their travel strategies.
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ALTOUR INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Despite the challenges presented by tariff-related uncertainty and sector-specific disruptions during 2025, the Company continued to generate a profit.
Trading in the early weeks of 2026 has been encouraging, with turnover showing growth year on year. The stabilisation of trade conditions and an improvement in corporate travel confidence in the latter part of 2025 appear to be continuing into the new year. Looking ahead, the directors remain focused on leveraging the Altour Enterprise Project to strengthen Altour's technology proposition and defend as well as grow its corporate client base. The Company's affiliation with Internova Travel Group continues to provide strategic, operational, and financial support that underpins the Company's ability to execute on these priorities. Funding, liquidity and going concern As at 31 December 2025, the Company had net assets of £4.5 million (2024: £4 million) and net current liabilities of £2 million (2024: £4 million). The directors have assessed the Company's ability to continue as a going concern, having considered forecast cash flows and the continued financial support available from the wider group, as described in Note 2.3. They are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on a going concern basis. Employee involvement and communication The Company remains committed to fostering a supportive, inclusive, and rewarding workplace. Our financial position enables continued investment in employee development, well-being, and engagement. Open communication and collaborative forums are central to our culture, ensuring that employee aspirations remain aligned with organisational goals. Internova Travel Group invests actively in the well-being and growth of its employees, aiming to create a working environment that supports professional development and personal success. We foster a culture of transparency, respect, and continuous learning, offering skill enhancement, career advancement opportunities, and work-life balance programmes to ensure each team member feels valued and motivated. Professional development is supported through mentorship programmes, leadership coaching, flexible working arrangements, and self-directed learning through platforms such as LinkedIn Learning. We promote two-way communication through proactive employee forums, team meetings, and regular Townhalls. The Company is committed to the principles of equal employment opportunity and complies with all applicable UK legislation in respect of diversity, equality, and inclusion. Regular events with internal and external guest speakers, diversity committees, and open communications through the 'Everyone Belongs' newsletter ensure that our commitment to an inclusive culture is embedded throughout the organisation. Disabled employees The Company maintains an inclusive recruitment and employment policy, ensuring that disabled applicants and employees are given equitable opportunities for career development and advancement. The Company is committed to the continued employment and appropriate retraining of employees who may become disabled during their tenure, and takes all reasonable steps to make adjustments to support their continued contribution to the business. Future Developments The future developments for the Company are covered in the Business Review and Strategic Review and Future Prospects sections of the Company Strategic Report.
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ALTOUR INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Financial Instruments Liquidity risk The Company actively manages its cash and borrowing requirements to ensure sufficient liquid resources are maintained to meet operational commitments at all times. Detailed cash flow forecasts are prepared and reviewed regularly by the directors, enabling proactive management of working capital requirements. The Company also benefits from the financial support of its ultimate parent organisation, Internova Holdings, LLC, which provides additional comfort as to the Company's ability to meet its obligations in the short to medium term. Interest rate risk The Company is exposed to cash flow interest rate risk arising from floating rate deposits and bank overdrafts. The Board reviews and manages this exposure regularly, ensuring an appropriate balance between fixed and variable rate positions. This strategy mitigates the impact of interest rate fluctuations on the Company's financial performance. Credit risk Cash investments and borrowings are placed only with financial institutions approved by the Board, ensuring the security of the Company's funds. The Company enforces strict credit terms, typically requiring payment prior to service delivery or within defined credit limits. Trade receivables are closely monitored and provisions for doubtful debts are made as necessary to safeguard the Company's financial assets. Directors' Indemnities Throughout the year and at the date of this report, the Company maintained directors' and officers' liability insurance, constituting a qualifying third-party indemnity provision under the Companies Act 2006. This protection reinforces the Company's governance framework and supports the directors in fulfilling their fiduciary duties with appropriate assurance. Environmental Policy The Company is committed to responsible energy management and practises energy efficiency across its operations wherever feasible. Acknowledging the global challenge of climate change, the Company recognises its responsibility in reducing greenhouse gas emissions and remains dedicated to advancing sustainability within the travel sector.
The directors have confirmed no material events have occurred since the date of approval of these financial statements that would affect the financial statements of the Company.
This report was approved by the board and signed on its behalf.
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ALTOUR INTERNATIONAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors present their report and the financial statements for the year ended 31 December 2025.
The profit for the year, after taxation, amounted to £519,002 (2024 - £1,223,329).
Whilst profit for the year has declined compared with the prior year, the increase in turnover in the opening months of 2026 has been encouraging. The directors believe that with the continued development and progression of the Altour Enterprise Project it will support sustainable growth and enhance the company’s future financial performance.
No Dividends were distributed for the year ended 31 December 2025 (2024: £1,350,000). The directors continue to prioritise the reinvestment of available resources to strengthen the financial position and support the strategic growth initiatives of the Company.
The Directors who served during the year were:
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ALTOUR INTERNATIONAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditors, Xeinadin Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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ALTOUR INTERNATIONAL LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the Directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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ALTOUR INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALTOUR INTERNATIONAL LIMITED
We have audited the financial statements of Altour International Limited (the 'Company') for the year ended 31 December 2025, which comprise the Profit and loss account, the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In forming our opinion, we have considered the adequacy of the disclosures made in the financial statements concerning the company's ability to continue as a going concern.
Based on the work we have performed, and comments made in Note 2.3, 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.
Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.
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ALTOUR INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALTOUR INTERNATIONAL LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The Directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.
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ALTOUR INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALTOUR INTERNATIONAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Enquiry of management and those charged with governance around actual and potential litigation and claims;
- Reviewing minutes of meetings of those charged with governance; - Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias - Enquiry of management and those charged with governance to identify any instances of non-compliance with laws and regulations; The potential effect of these laws and regulations on the financial statements varies considerably. Firstly, the Company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the Company is subject to many other laws and regulations where the consequence of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance the imposition of fines or litigation or the loss of the Company's license to operate. We identified the following areas as those most likely to have such an effect: health and safety including data protection laws, employment law compliance recognising the nature of the Company’s activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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ALTOUR INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ALTOUR INTERNATIONAL LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Registered Auditor
Level 5A
Maple House
149 Tottenham Court Road
W1T 7NF
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ALTOUR INTERNATIONAL LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
REGISTERED NUMBER: 03797791
BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 18 to 33 form part of these financial statements.
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ALTOUR INTERNATIONAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
General Information
Altour International Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is: 101 St. Martin's Lane, First Floor, London, England, WC2N 4AZ. The nature of the company's operations and its principal activities are set out in the Directors Report.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed in note 3.
The accounting policies set out below have, unless otherwise stated, consistently applied to all periods presented in these financial statements. The exemptions taken under FRS 102 include the following:
∙Key management personnel compensation disclosure;
∙Reconciliation of the number of shares outstanding from the beginning to the end of the period;
∙Preparation of separate Cash flow statement
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
The Company and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Global Travel Collection UK, Ltd, 101 St Martin's Lane, London WC2N 4AZ.
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Company is a wholly owned subsidiary of Global Travel Collection UK Limited and forms part of the Internova Travel Group.
At 31 December 2025 the Company had net current liabilities of £1.9m (2024: £4.2m). Included within current liabilities are amounts owed to group undertakings of £6.8m (2024: £6.2m). The Company continues to generate positive operating cash inflows from its core trading activities and has access to funding from other group entities where required. In assessing the appropriateness of the going concern basis of preparation, the directors have reviewed the Company's forecasts and cash flow projections for a period of at least twelve months from the date of approval of these financial statements. These forecasts have been prepared taking account of current trading performance, expected future business levels and anticipated working capital requirements. The directors have also considered the financial position of the wider group and have received confirmation from the Company's immediate parent undertaking, Global Travel Collection UK Limited, that it intends to provide such financial support as may be required to enable the Company to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. Based on the forecasts prepared, the continued profitability of the business, the availability of group funding and the support provided by the Company's parent undertaking, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. The financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.
Functional and presentation currency
Transactions and balances
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
taxes. Turnover represents amounts earned during the year from transaction fees, management fees, commissions receivable, and other income in accordance with contractual arrangements, exclusive of Value Added tax. Revenue from the rendering of services is measured at the point when risk of service transaction is transferred in the reporting period provided that the outcome can be reliably estimated, which is considered to be the booking date. Commission income is recognised in its entirety as the risk is carried in full. When the outcome cannot be reliably estimated, revenue is estimated only to the extent that expenses recognised are recoverable.
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit and loss in the year that the Company becomes aware of the obligations, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Judgements In preparing these financial statements, the directors have had to make the following judgments: Assessment of impairment indicators for goodwill and investments in subsidiary undertakings. The directors have considered whether there are indicators of impairment in respect of the Company's goodwill and investments in subsidiaries. This assessment requires judgement regarding the current and expected future trading performance of the underlying businesses, together with their expected future cash flows. Key sources of estimation uncertainty Recoverability of goodwill and investments in subsidiary undertakings - The carrying value of goodwill and investments is reviewed for indicators of impairment. This assessment requires estimates of future trading performance and cash flows of the relevant businesses and consideration of whether the carrying values remain recoverable. The directors do not consider there to be any other critical judgements or key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
9.Taxation (continued)
There were no factors that may affect future tax charges.
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The company operates a defined contribution pension scheme. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £115,446 (2024: £115,119).
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ALTOUR INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Global Travel Collection UK, Ltd owns 100% of Altour International Limited and is the immediate parent company. Global Travel Collection UK, Ltd's registered address is 101 St. Martin's Lane, London, WC2N 4AZ.
Altour International Limited's ultimate controlling party is Internova Holdings LLC, a company incorporated in Delaware, USA.
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