Kuoni UK has lost money for the sixth consecutive year as it continues to take a hit from pre-recession acquisitions.
In the late 2000s the company embarked on a spending spree (see below), splashing the cash on businesses that now make up its specialist businesses subsidiary.
While the likes of Kirker Holidays and CV Villas are generating a profit, Journeys of Distinction has struggled in recent years and in September Kuoni said it would close the business.
Kuoni Travel Ltd’s most recent results, covering the 2014 calendar year, were recently released at Companies House. They were filed more than a month late.
