During the same period, the Chorley-based business also generated over £1 million earnings before interest, taxes, depreciation and amortisation and grew its headcount from 72 to 110.

Panache Cruises Chief Executive and founder James Cole predicted the agency would become the world's largest retailer of luxury and ultra-luxury cruises by 2031.

Cole said: “The progress we’ve made in the last 12 months goes way beyond just record sales figures. Every business with ambitions to scale sustainably has to be built on fantastic foundations.

“Our foundations are the three Cs: colleagues, customers and cruise lines, and that has never changed.

“That means doubling down every single year on making sure we offer the best working environment we possibly can; amazing customer service so our customers keep booking with us and recommending us to their friends; and establishing long-term partnerships with our cruise line partners.”

Cole said Panache had made a number of key hires over the last 12 months, including its first-ever People and Culture director, Sarah Allen, and Linzi Bird as Head of Customer Experience.

In January, the company also stepped in to hire eight new colleagues from dnata Travel Group after it announced plans to close its Travel Republic and Netflights consumer brands.

Cole said the company's ambitious five-year goal was to reach £300m in revenue by 2031.

“We think we can do that largely through organic growth but if the right acquisition comes along, we’ll certainly look at it,” he said. “We’d only undertake an acquisition if the company shared our values and culture.

“In addition to our US base, we opened an Australian office in May and plan to expand further internationally by opening in Canada.

“We’ve been included in The Sunday Times Best Places to Work list and last year a team of 14 of us successfully climbed Mount Kilimanjaro on the way to raising £88,000 for the brilliant charity, Reuben’s Retreat. That’s what we’re about at Panache Cruises.”