Irish arm of travel firm Trailfinders boosts sales 12%

Revenues at the Irish arm of specialist travel company Trailfinders last year increased by 12% to £67.5m (€78.8m), new figures show.

Irish arm of travel firm Trailfinders boosts sales 12%

According to accounts just filed with the Companies Office, the Irish business in the Trailfinders Group Ltd accounted for a tenth of Trailfinder’s global revenues in the year to the end of February.

The travel firm expanded its operations in Ireland in 2013 when it created 11 jobs at the launch of its Limerick travel shop.

The firm also operates a shop in Cork.

The consolidated accounts for the UK, Irish and Australian operations do not provide the level of profit recorded by the Irish subsidiary.

However, the Irish business helped the group post a pre-tax profit of £22.53m. Revenues grew by 5% to £682m. It paid out a dividend of £2m.

Trailfinders also operates in the UK and Australia but the UK accounts for 90%, or 612m, of the company’s sales. Revenues in Australia almost halved to £2.69m.

The numbers employed by the group last year increased marginally from 1,054 to 1,057. Staff costs last year fell from £42.33m to £40.9m.

The profit takes account of £3.58 m in non-cash depreciation costs.

The accounts also record Trailfinders’ cost of sales increased from 561m to £589m.

The group’s accumulated profits at the end of February last year stood at £240m – the group had £117.25million in cash at the end of the year.

The highest paid director received £392,529.

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