News
Caledonian Leisure increases turnover by 40% to record £55m
Holiday specialist Caledonian Leisure has reported a profit after tax of £1.4m on a turnover of £55m in 2023.
This is a 290% increase from the 2022 profit of £359,000 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 over 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 in the future 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 rewarding to see the positive feedback we receive from them, with many focusing on the exceptional value of our ranges and the customer service they receive from our 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 starting 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 which shows that over 50% of our customers intend to travel more with us in 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 going forward.”
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 clients’ satisfaction is always our main focus, which is why we have maintained ABTOT protection for our clients to provide even more security alongside our trust account. We are very excited about what the next 12 months have in store for us.”