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Trailfinders expects to make ‘substantial’ profit in 2021

High street
Rob Gill
15 July 2020

Agency chain Trailfinders expects to return to “substantial profit” in 2021 due to its strong financial position and the likely demise of “weaker” competitors.

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The company, which has more than 30 high street stores around the UK and Ireland, made a record pre-tax profit of £45.7 million for the financial year ending on 29 February 2020, according to accounts submitted to Companies House.

Trailfinders founder and chairman Mike Gooley said the impact of the Covid-19 pandemic “only reduced the last few weeks of profit” for the previous financial year.

“But a profound effect will be felt in the current trading year, with already over 150,000 contracted travel plans now annulled,” he added.