Module · Pipeline & Growth
BarrHead Travel
Growth targets, historical performance & pipeline outlook
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Pipeline data not available
Pipeline Value
£16
Weighted Pipeline
N/A
Revenue Changes
5
Peak YoY Growth
684,9%
Growth Targets
48
Risks Flagged
1
Revenue Year-on-Year Change
Growth Targets & Strategic Statements by Period
End 2022 1 statements
- Recovery to around 95% of pre-COVID 19 activity levels Accounting Policies, page 16-17 (Going concern): 'forecasts that predict travel to recover to around 95% of pre-COVID 19 activity levels by the end of 2022.'
2025 3 statements
- Focus on bookings for 2025 after completion of 2024 order book earlier than anticipated in October Strategic report page 1
- Grow homeworking network, onboard new Managed Service Travel Partners (MSTPs), and expand Brilliant Travel division Strategic report page 1-2
- Expand retail presence including new location in Northern Ireland and upgraded stores in Scotland; attract newer and younger demographic Strategic report page 1-2
2024 10 statements
- Anticipating another successful period ahead despite challenges such as cost of living crisis, political turbulence and global unrest Strategic report, page 2, Business review section: 'We are anticipating another successful period ahead ...'
- Expansion in cruise and Canada sectors through exclusive partnerships and refined offerings to achieve significant growth Strategic report page 1
- Company confident that the next 12 months will bring more opportunity for success and growth. SC057208_aa_2025-06-26.xhtml
- Strategy centred on innovation with various initiatives and growth plans to address challenges and ensure business stability. SC057208_aa_2025-06-26.xhtml
- Expansion driven by new partnerships, product offerings especially in cruise and Canada sectors. SC057208_aa_2025-06-26.xhtml
- Investment in retail network and Brilliant Travel division to support growth and diversification. SC057208_aa_2025-06-26.xhtml
- Monitoring geopolitical and economic risks; maintaining strong order book to manage risks. SC057208_aa_2025-06-26.xhtml
- Parent company support expected if needed; forecasts show sufficient funds for next 18 months. SC057208_aa_2025-06-26.xhtml
- Sustainability committee working on reducing carbon footprint and training programs. SC057208_aa_2025-06-26.xhtml
- Focus on people development and workplace culture as key to ongoing success. SC057208_aa_2025-06-26.xhtml
2023 and beyond 1 statements
- Intention to expand on the high street; launch new Touring & Adventure division; adapt approach to reaffirm position as modern travel company Strategic Report, page 4-5
2023 7 statements
- Return to profit during 2023; bookings more than 90% of 2023 forecast; Expect a return to pre-COVID 19 activity levels Strategic Report, page 4-5
- Annual order book target of £13.4m achieved by August 2023 Strategic report, page 2, Business review section: 'Demand for holidays was sustained throughout the course of the year with our annual order book target achieved by August.'
- Despite challenges on the horizon such as the ongoing cost of living crisis, political turbulence and global unrest, travel is expected to remain a 'non-negotiable' for the majority of households. SC057208_aa_2024-08-30.xhtml
- The directors prepared projected cash flow information for eighteen months from approval date showing sufficient funds with existing bookings and expected trading activity in 2024. SC057208_aa_2024-08-30.xhtml
- Expansion of retail footprint including new flagship store and upgrades of existing stores planned to meet growing demand. SC057208_aa_2024-08-30.xhtml
- Preparation to recruit more home-based agents and Managed Service Travel Partners in 2024 due to burgeoning travel market demand. SC057208_aa_2024-08-30.xhtml
- Commitment to investing in people and initiatives to support continued growth. SC057208_aa_2024-08-30.xhtml
2022 summer season 1 statements
- Bookings expected to quickly bounce back ahead of summer season, significantly ahead of 2021 and more in line with pre-pandemic volumes Strategic Report and Report of the Directors, pages 4 and 7
2022 and beyond 1 statements
- Strong order-book and buoyant booking demand Strategic Report, page 4: 'Our order-book for 2022 and beyond is strong while demand for booking a holiday is buoyant.'
2022 6 statements
- Leisure travel commission closing order book of £9.2m, up 130% on previous year Strategic Report, Review of Business, page 5
- Expect return to profit during 2023; Strong order book forecasting high volume for key travel periods companies_house_document.pdf
- Intend to expand high street presence; Investing in new locations and store refits; Launching new Touring & Adventure division companies_house_document.pdf
- Adapting to shift in customer demographics with focus on Gen Z and Millennials companies_house_document.pdf
- Committed to sustainability and responsible tourism; Operating agile business model to react to market changes companies_house_document.pdf
- Parent company intends to support business financially as needed during forecast period companies_house_document.pdf
2021 5 statements
- Forecasting and planning for post-pandemic recovery took precedence in 2021 with building resilience and flexibility companies_house_document (1).pdf
- The 2022 year has started with a strong leisure travel commission order book of £9.2m reflecting confidence and brighter outlook due to easing travel restrictions and vaccine rollout companies_house_document (1).pdf
- Directors have prepared cash flow forecasts including severe but plausible downside scenarios anticipating revenue recovery to 60-80% of pre-COVID levels, with expectations to reach normal volumes by 2023 companies_house_document (1).pdf
- Bookings for summer 2022 significantly ahead of 2021 and near pre-pandemic levels companies_house_document (1).pdf
- The company expects a faster recovery due to pent-up demand for holidays post-COVID companies_house_document (1).pdf
2020-2021 1 statements
- Revenue recovery forecast: no revenue until Sept 2020, then 50% of 2019 levels for remainder of 2020 rising to 70% activity in 2021 Notes to the Financial Statements Page 15-16
2020 and beyond 1 statements
- Plans to enhance CSR commitments and further business expansion with new stores and Managed Service Travel Partner growth Strategic Report Pages 4-5
2020 6 statements
- Leisure travel commissions closing order book of £10.9m, up 1.9% on previous year Strategic Report Page 5
- Unlikely that travel will recover to its pre-pandemic capacity before 2022; full recovery could take five years (page 4). companies_house_document (2).pdf
- Optimistic for recovery: demand remains high and a significant opportunity for recovery with network of travel experts (page 4). companies_house_document (2).pdf
- Commitment to high street stores and face-to-face contact as key for future bookings (page 4). companies_house_document (2).pdf
- Projected 2021 summer revenues around 20% of 2019 activity, with recovery to 70% of 2019 activity by end 2021 and further improvements in 2022 (pages 16-17). companies_house_document (2).pdf
- Dependency on Travel Leaders Group, LLC for financial support for going concern (pages 16-17). companies_house_document (2).pdf
2019 5 statements
- Focused on growing business through product development and continued investment in stores, technology, and people companies_house_document (3).pdf
- Entering 2020 with leisure travel commissions order book of £10.9m, up 1.9% on previous year, then impacted by COVID-19 pandemic companies_house_document (3).pdf
- Management prepared cash flow forecasts modeling severe but plausible downside scenarios with recovery assumptions starting September 2020 and improvement into 2021 companies_house_document (3).pdf
- Plans to continue expanding branch network and brand awareness across UK, leveraging gaps left by Thomas Cook companies_house_document (3).pdf
- Investments in IT and online infrastructure upgrades to support future growth companies_house_document (3).pdf
Historical Growth Observations
2024 5 observations
- 2024 has been the most successful year with record-breaking turnover and profits.
- Turnover increased by 12% to £354m gross; reportable turnover increased by 11% to £89.9m.
- Gross profit increased by 31%; Adjusted EBITDA increased by 62%.
- Demand persisted throughout 2024 with monthly sales surpassing 2023 each month.
- Order book completed earlier than expected in October 2024, allowing shift to 2025 bookings.
2023 6 observations
- 2023 was the best trading year to date, surpassing all targets and forecasts.
- 2023 gross turnover increased by 34% from £235m in 2022 to £315m in 2023.
- 2023 reported turnover increased by 42% from £56.9m in 2022 to £80.7m in 2023.
- Gross profit increased by 37% to £33.2m in 2023 from £24.2m in 2022.
- Adjusted EBITDA increased from a loss of £1.0m to profit of £2.5m in 2023.
- Travel commissions - Order Book as of 31 December 2023 was £13.4m, up 23% from £10.9m in 2022.
2022 2 observations
- 2022 gradual recovery following two years of Covid disruption; consumer confidence returned largely by end of year; demand exceeding 2019 levels by end of 2022; Gross turnover increased from £35m (2021) to £235m (2022); Reported turnover increased from £7.2m (2021) to £56.9m (2022); Gross profit increased from £5.2m (2021) to £24.4m (2022); Order book value increased from £9.2m (2021) to £10.9m (2022)
- Covid restrictions eased gradually; operational challenges and strikes caused cancellations; recovery quicker than industry predictions; shift from online booking back to 'booking human' for expertise and protection
2021 4 observations
- Gross Turnover down 30% to £35m in 2021 from £50m in 2020 due to COVID-19 disruptions
- Reported Turnover down 52% to £7.2m in 2021 from £15.0m in 2020
- Adjusted EBITDA loss improved by 20% to (£8.2m) from (£10.2m) in 2020
- Leisure Travel Commissions Order Book grew 130% from £4.0m in 2020 to £9.2m in 2021
2020 2 observations
- 2020 showed severe reduction in sales and commissions due to COVID-19 pandemic leading to a loss of £11.2m (page 4 and 7). Gross turnover dropped by 85% from £330m to £50m; reported turnover dropped 83% (page 4 and 5).
- Best ever month sales in January 2020, 15 new stores opened before COVID impacts (page 4).
2019 4 observations
- 2019 showed positive revenue growth despite Brexit uncertainty and Thomas Cook collapse effects; 3% increase in Gross Turnover to £330m and 8% increase in Gross Profit to £29.6m
- Strong first quarter in 2019 with highest ever week sales in January; identified cruise and longhaul destinations as potential growth area
- Expansion by acquiring 20 locations from Thomas Cook collapse, strengthening presence in England
- Addition of new members to Managed Service Travel Partner and homeworking divisions
Risk Assessment
GREEN
no material pipeline growth risk detected
No material pipeline or growth risk was detected from available structured yearly data.
Source: SC057208_aa_2025-06-26.xhtml