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Travel Counsellors 'looking to stock market flotation'

News
Gary Noakes
3 July 2017

Travel Counsellors is considering a stock market flotation, according to its chief executive.

Steve Byrne Travel Counsellors

The Telegraph has quoted the homeworking agency’s boss Steve Byrne as saying that “an IPO (stock market flotation) is a consideration”.

Another option for Travel Counsellors, which is 60% owned by private equity firm Equistone, would be to engage a second private equity investor.

The agency currently operates in six countries outside the UK and cash would be used to fund overseas expansion.

Byrne told the newspaper that the company “could double” profits in the next three to five years by recruiting more agents and selling its own dynamic packages.