Profit Track 100

Former RAF pilot George Begg swapped fighter aircraft for charter planes when he had the idea for the Global Travel Group. The company has formed a network of independent travel agents, which it provides with a range of services, such as booking software and accounting systems. It claims to have sold £500m worth of holidays last year on behalf of big operators such as First Choice. Two years ago it received a licence to start selling its own package holidays. A threefold increase in its network to 1,000 members has helped to boost profits 75% a year from £1.3m in 2000 to £6.9m in 2003.

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Company details
CompanyThe Global Travel Group
ActivityTravel agency
Annual profit growth75.42%
Latest profits £000s6,874
Latest sales £000s40,504

If applicable:

* supplied by company † annualised figure