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Freedom Travel Group reaps rewards of better margins

Operators
TTG Staff
7 April 2016

The Thomas Cook-owned Freedom Travel Group has seen its profit almost triple after managing to extract better margins from suppliers.

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The consortium, which has 150 members, reported a pre-tax profit of £4.1 million for the year to the end of September 2015, according to accounts recently released at Companies House.

Turnover rose from £3.2 million to £5.9 million, which the company said was down to an “overall increase in net margin from suppliers”.

The company’s revenue represents the amount of commission received net of the amount passed on to its independent travel agent members.

The Freedom Travel Group Ltd is controlled by Future Travel Ltd, in which industry veteran David Elstob has a small stake.