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Four travel firms top profit league tables
Four travel firms have made the Sunday Times’ Profit Track 100 league table.
Airline Services, which cleans, de-ices and maintains planes at 11 British airports, is in the 9th spot up from 78th last year while west London-based Jac Travel, which supplies travel companies with hotel rooms as well as selling packages and corporate travel, is in 15th position.
Jac Travel plans further growth in the Middle East, India and China and has seen profit grow 93% a year from £893,000 in 2008 to £6.5 million in 2011.
Travel Counsellors is 80th in the table which shows private companies with the fastest-growing profit, put together for the Sunday Times by Oxford-based research and networking-events company, Fast Track.
The company, founded by David Speakman in 1994, has 1,200 self-employed ‘travel counsellors’ selling tailormade holidays.
Holidays booked through overseas agents have been growing fast after the company exported its business model to Ireland, the Netherlands, Australia, South Africa and Canada.
Profit growth has grown an average of 48% a year from £1.4 million in 2007 to £4.5 million in 2010.
Tour operator Audley Travel is 90th, down from 26th position last year.
Last month private equity firm Equistone bought a majority stake in the travel company set up by Craig Burkinshaw and John Brewer. Its profits have grown by 45% a year from £2.9 million in 2007 to £8.8 million in 2010.
To be eligible, companies had to be registered in the UK, independent and to show profit growth over three years, exceeding profits of £3 million in the latest audited accounts.
By Diane Evans
Diane
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