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Bed bank sees commission boost

Bed banks
Rob Gill
7 June 2016

Alpharooms.com owner Alpha International Accommodation increased turnover by 15% to £12.3 million during its last financial year.

alpharooms.com

Alpharooms.com owner Alpha International Accommodation increased turnover by 15% to £12.3 million during its last financial year.

The bed bank made a higher level of commission and margin – up from 11.6% to 14% year-on-year - despite total transaction value (TTV) falling by 4.5% to £87.8 million for the year ending in September 2015, according to accounts filed at Companies House.

Alpha International made an operating loss of £237,000 for the year, compared with a profit of £170,000 in 2014, as distribution costs and administration expenses both increased. However, tax gains pushed the firm to an overall profit of £17,000, down from £268,000 in the prior year.