Friday 24 October 2014

Trailfinders basks in 2pc boost to Irish revenues

Gordon Deegan

Published 17/07/2013 | 05:00

The travel firm, Trailfinders, expanded its operations in Ireland

Revenues at the Irish arm of specialist travel company Trailfinders increased 2pc last year to £62.5m (€71.9m), new figures show.

According to accounts just filed with the Companies Office, the Irish business in Trailfinders Group Ltd accounted for just over 10pc of the UK-based Trailfinders' global revenues in the 12 months to the end of February.

The travel firm expanded its operations in Ireland, opening its first new office here in seven years when its Limerick travel centre opened in April with the creation of 11 jobs.

The company employs 93 people in Ireland, with its Dublin office in operation since 1997 and today employing 66 people. The firm's Cork office opened in 2007 and employs 16.

The consolidated accounts for the UK, Irish and Australian operations do not provide the level of profit recorded by the Irish subsidiary last year. However, the Irish business contributed to the group recording pre-tax profits of £18.3m – a decrease of 4pc on the previous year.

Trailfinders also operates in the UK and Australia and the returns show that the company's UK operation accounted for 84pc or £530m of the company's business, with revenues in the Australian sector decreasing sharply by 70pc from £23.8m to £7m.

The company was established by former SAS soldier Mike Gooley in 1970 with a staff of four. The group made charitable contributions totalling £875,000 to the Mike Gooley Trailfinders Charity whose objectives are to support Medical Research, Community Projects and Armed Forces veteran organisations.

 

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