Tech Track 100

Laterooms says its website features more than 500,000 discounted rooms at savings of up to 75% off published prices. Those looking for last-minute bargains can choose from bed-and-breakfasts to five-star hotels and apartments, primarily in Britain, Ireland and mainland Europe. Last year, Chris Allen, founder and chief executive, staged a £21m buyout of the company’s other co-founders, with backing from ECI Ventures. Rising internet usage and doubling its customer base to 10,000 have helped the Manchester company to boost its sales 143% a year from £744,000 in 2002 to £4.4m in 2004.

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Company details
ActivityOnline hotel agency
Average 3 year sales growth142.98%
Latest sales £000s4,395

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* supplied by company † annualised figure