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Comtec named in Sunday Times Buyout Track

Travel technology company Comtec was one of four travel companies to make it into The Sunday Times Deloitte Buyout Track yesterday.

London City Airport, Kew Green Hotels and QHotels were the other three to make it on to the list, which identifies Britain’s 100 private equity-backed companies with the fastest-growing profits.

South Wales-based Comtec, which gained the number 91 position on the list, supplies travel selling and management systems to agents and operators, including Thomas Cook.

Chief executive Simon Powell said: “We are delighted to have been listed in the top 100 of this highly prestigious list, particularly at the end of such a challenging financial year.  As a professional services provider, we are only as good as our people, and this achievement belongs as much to our tremendous staff at Comtec as it does to the management team.”

Kew Green Hotels, which was the highest rated at number seven on the chart, operates 21 hotels under franchise brands including Holiday Inn, Crowne Plaza and Days Hotel.

Positioned at 52 on the list, QHotels buys struggling hotels and revamps them to suit the conference market. Profits at the company rose 46% a year from £17.4 million in 2006 to £37.4 million in 2008.

London City Airport, which came in at number 42, recently started business-only flights to New York with British Airways. Global Infrastructure Partners bought half the company in 2006 and increased its shareholding to 100% in 2008.

The company is refurbishing the airport, improving parking, departure lounges and security.

Buyout Track 100 is published in The Sunday Times each February, with an awards event in March and regional dinners throughout the year.

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