Name:Barrhead Travel Industry/sector: Leisure and travel Date founded: 1975 The boss: Jacqueline Dobson Location: Scotland Latest turnover: £83.2m Three-year compound growth rate (%): 37.87 Latest EBITDA: £1.4m
The privately-owned firm increased revenues by 21 per cent in 2014, to a record of £240m, up from £197m in the previous year. Munro said much of the recent growth in sales was due to the company’s move to increase its presence in shopping areas by opening more travel stores. Barrhead Travel opened six new shops in 2014, including one at Braehead shopping centre. Its website lists 30 stores in Scotland and one in Cumbria. Barrhead Travel is preparing to open a fifth store in Edinburgh and is eyeing three more sites in the city. The company also plans to open a store in Glasgow’s St Enoch Centre in April, which will predominately sell flights. However, Munro mentioned that Barrhead Travel may reach a point where it has a critical mass of shops in Scotland, beyond which it will be hard to expand. “We are very much looking towards England,” he said. He added: “We think expansion in England is where we will have to be in five, ten years time.” Munro noted that many people who live in Scotland fly on holiday from Newcastle and Manchester airports. By opening shops in such areas it may be easier for the company to win the business of such travellers. Furthermore, Barrhead has been winning more flight business after striking deals to sell seats for a growing range of airlines. The company negotiated a partnership with Turkish Airlines in 2014, under which the firms offer bespoke travel packages and exclusive rates.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.