News
Caledonian Leisure increases turnover by 40% to record £55m
Holiday specialist Caledonian Leisure has reported after-tax profit of £1.4m on 2023 turnover of £55m.
This represents a 290% increase from the £359,000 profit in 2022, on a turnover of £40 million.
Since its launch in June 2021, the company, which operates under the Caledonian Travel and UKBreakaways brands, has grown to more than 100 employees and is on track to welcome its millionth customer this summer.
Managing Director Graham Rogers said: “We are delighted to share another year of strong financial results for 2023 and have ambitious plans to build on this going forward as we continue to develop our product portfolio, infrastructure and commercial partnerships.
“The key to our success is putting our customers at the heart of our strategy and it is particularly pleasing to see the positive feedback we receive from our customers, with many of them focusing on the exceptional value of our breaks and the customer service they receive from our customers. our clients. team.”
Earlier this year, the company strengthened Caledonian Travel’s presence in Scotland with the acquisition of Glasgow-based operator Tartan Travel and announced new departure points in Edinburgh and the East of Scotland.
Commercial director Martin Lock said: “Maintaining a steady rate of growth across our brands is great news and we are encouraged by recent research showing that more than 50% of our customers intend to travel more with us over the next 12 months.
“Earning customer loyalty is essential in the travel industry, and our agent network plays a key role in delivering our award-winning service and experience to customers. We thank them for their support and look forward to working closely with new and existing partners in the future.”
Finance Director David McDonald added: “The business is in a very robust position at the moment and we are confident that the investments we have made this year will further accelerate our growth.
“Our customers’ satisfaction is always our main focus, which is why we have maintained ABTOT protection for our customers to provide even more security alongside our trust account. We are very excited about what the next 12 months have in store for us.”