The On Holiday Group is considering expansion plans
including a listing on the Alternative Investment Market, an
acquisition or merger at the end of this year.
The parent company of dynamic packaging company Holiday Brokers and
online tour operation Lowcostpackages.com revealed the plans on the
anniversary of its first trading year and weeks after securing a
second tranche of funding from investors, valuing the business at
£4 million.
Founder Steve Endacott said the company is now considering ways to
further fund expansion of its fledgling tour operation, which could
involve approaching venture capitalists for extra funding, an AIM
listing, acquisition or merger. However, a decision is not likely
until the end of this year.
“If we want to be bigger, we’ll have to do another
deal. If you want to be a big player in tour operating, you need
some capital behind you,” he said.
