The fast-growing company saw operating profit rise from £4.1 million in 2017 to £12.99 million for the year ending on 31 October 2018, according to accounts for parent company We Love Holidays Ltd filed at Companies House.
Love Holidays, which was acquired by private equity firm Livingbridge last year for £189 million, also saw its turnover rise by 57% from £41.1 million in 2017 to £64.4 million in 2018.
The OTA’s total transaction value (TTV) of all sales also increased by £150 million from £321.8 million to £471.8 million over the same period.
In April, Loveholidays extended the size of its Atol by more than 50% to 1.23 million passengers for the 12 months to 31 March, 2020 – taking it above the one-million passenger mark for the first time.
