The accounts also reveal the firm continues to be in dispute with Her Majesty’s Revenue and Customers over a VAT bill which is likely to be decided by a tax tribunal. The accounts state: “The directors consider the results to be satisfactory given the exceptional nature of some of the factors the group during the period and the general economic climate in which the group has and continues to operate.” ![]() The firm saw a fall in Total Transaction Values from just under £100 million to £87.76 million, however turnover (retained commission) actually grew from £10.7 million to £12.32 million. Teletext managing director Wayne Perks said: “This is a fantastic deal for our fulfilment partner and for the Teletext Holidays business, as it helps us to offer our customers a far wider range of products and services at even more competitive prices.”Īccording to accounts lodged with Companies House for the year to September 30 2015, parent Alpharooms Accommodation Ltd saw profitability dip, EBITDA falling from £858,000 in 2014 to £570,000. This is “Truly” a deal where two plus two can make five very quickly.” “We are now set for further expansion on the back of this transaction and the increased financial strength the combined group offers. Jacky Bedlow, chief executive of Alpharooms, added: “Alpharooms is a well known brand in both the UK & Ireland and has been trading successfully online for over 15 years. “There is little overlap between the businesses, with Teletext focused on the call to book market and Alpharooms in the online sector, giving us confidence that the expansion of both brands moving forward will come at the expense of our competitors.” Truly Travel’s commercial director, Peter Panteli, said: “This is a very exciting deal, which overnight more than doubles the group’s hotel buying power. In a statement Alpharooms said it carries 850,000 passengers annually and the brand will continue to operate separately in the Truly Group. How much Truly paid for Alpharooms was not disclosed. ![]() The Sheffield-based firm is an Abta member and specialises in selling hotel rooms, but according to the CAA website does have an Atol licence covering 2,500 passengers for the quarter to December 2016 for flight plus hotel sales. Mid-sized UK online agent and trade accommodation supplier Alpharooms has been sold to Teletext Holidays parent Truly Group.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |