Scott Dunn continues acquisition hunt
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Luxury tour operator Scott Dunn has said it will continue to look for potential acquisitions after seeing profits increase in 2013.
The company bought out rival Imagine Travel last year, which is now expected to see a 25% rise in revenue and profits up 150% this financial year compared to last year under its new owners.
The addition helped Scott Dunn see pre-tax profits at GBP990, 156 for the year ending June 2013, compared to the loss of GBP887, 553 posted in the previous financial year.
Its revenues for the financial year rose 25.9% to GBP34.5 million, with further growth expected this year.
The tour operator is targeting profits of more than GBP5 million in 2015 and revenues of more than GBP100m by 2017.
“2013 was a fantastic year for our business. We have ambitious growth plans for the next three years as we focus on expanding our choice of holidays around the world,” said the operator’s founder and chairman Andrew Dunn. “In 2014, we are responding to the continued demand for our luxury holidays by opening a new children’s club in the Mediterranean, launching a villa programme in the south of France and adding new countries such as Sweden to our tailor-made offer.”
Scott Dunn’s team recently added ex-Telegraph Group’s Graham Horner as sales and marketing director, and has been led by managing director Simon Russell since September 2010.
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