Travel Counsellors celebrates record year

Travel Counsellors financial results
By Lisa James
Home » Travel Counsellors celebrates record year

Travel Counsellors says it is on track to achieve £1 billion in sales by the end of the current financial year, after reporting record sales in 2022.

The homeworking giant said total transaction value was up 312% on last year, to £719.4 million, significantly ahead of pre-pandemic levels in 2019.

The figures were revealed as Travel Counsellors published its full-year 2022 results for the 12 months to 31 October, as well as a trading update for the first six months of the financial year, to 30 April 2023.

Revenue for 2022 increased by 411% year-on-year to £347.8m, with earnings before interest, tax, depreciation and amortisation (EBITDA) increasing to £20.1m compared to a loss of £6.8m in FY21.

Trading for the half year is up 64% on pre-pandemic levels and the business is expects to generate sales of over £1 billion by the end of this year.

Travel Counsellors CEO Steve Byrne said: “FY22 was a record year for Travel Counsellors as we delivered significant growth across the business against both the prior year and pre-pandemic levels.

“This outstanding momentum has continued into the first six months of the current financial year, as we have delivered consistently record-breaking months.

“Our strong results once again demonstrate the strength of our differentiated, disruptive business model as well as growing customer demand for our trusted and personal travel advice.

“We are accelerating rapidly towards being a £1bn+ transaction platform in the near future and look forward to serving more customers and helping more travel entrepreneurs to grow their businesses in the years ahead.”   

The results come days after Travel Counsellors was named one of the Best Places to Work in the UK for 2023 by The Sunday Times, the second time the agency has made the list.

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