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Further growth for Broadway Travel

City and finance
TTG Staff
7 April 2016

Broadway Travel is targeting further “strategic acquisitions” as it looks to drive economies of scale throughout the business.

Broadway Travel Site

The company saw pre-tax profit rise by 50% to £1.7 million on turnover of £18.1 million for the year ended September 30, 2015.

The accounts for Broadway Travel Service (Wimbledon) Ltd were recently released by Companies House.

“The directors consider the results to be slightly ahead of expectations, given the continuing unrest in North Africa and the Middle East, in addition to the challenging economic climate in Europe, as this is where a sizable amount of the business heralds from,” the directors said.

Broadway Travel also operates its own consortium, which has “added to the overall purchasing power with a relatively low-risk model”.