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.
The company made pre-tax profits of £9.5 million in 2015 and £7.3 million in 2014. The Telegraph says this figure increased to £13.3 million in 2016.
