The business behind Asia specialist operator Miki Travel leads the travel sector in the UK’s fastest growing mid-market private companies.
London-based GM Communications comes in 26th places in the Sunday Times Top Track 250 with profit up last year by 21% based on turnover increasing by 13% to £479.3 million.
Established in 1967 to exploit the Japanese fondness for holidays in Europe, the Miki Travel brand now has subsidiaries across Europe and the Far East allowing travel agents to book rooms and packages through online reservations system Mikinet.
Lotus Group, which runs DailAFlight and Supertravel, comes in 78th position in the 250 with profit up by 11% to £13.1 million on turnover up by 4% to £309.9 million.
Southall Travel, with profits up by 13% to £13.4 million on turnover rising by 5% to £283.4 million takes 87th position in the ninth annual league table.
The company is up from 132 last year and 141 the year before that.
Chief executive Kuljinder Bahia said: “I’m extremely proud to make the list again which is a great accolade for us.
“I’m thankful for our strong relationship with our suppliers and to our customers, many of whom book with us time and time again.”
“We have a talented team in place and we continue to invest in new technology and broadening our product range, hence we have been able to stay ahead of most industry trends.”
Hotel groups Edwardian Hotels and Aroroa Hotels take 189th and 201st places respectively in the 250.
Independent agency group Hays Travel, which last week announced the take over of Bath Travel, makes its debut in the list, coming in at 231th position with profit up by 76% to £1 million based on turnover rising by 23% to £141.6 million.
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