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Barrhead Travel's profits fall slightly, but revenues rise £12.7m

Economy
Jennifer Morris
29 September 2017

Barrhead Travel has reported a record year of sales despite a “dent in consumer confidence” following the Brexit vote.

Sharon Munro (Barrhead Travel)

The company’s gross turnover was up £12.7 million to £279.2 million in 2016.

Forward bookings were up 8% year-on-year and Barrhead forecasts that 2017 will return a further improved performance.

Pre-tax profits in the year to the end of 2016 fell slightly to £2.8 million, down £300,000 on 2015.

This decline reflected a £500,000 investment in Barrhead’s new Newcastle store, it said, as well as a further £350,000 invested in customer-facing technology.

The group also referenced a significant investment in the development of its new Training Academy in Glasgow city centre.