Travel add-ons firm Holiday Extras is reported to be weighing up a stock market flotation.
Sky News reported that the privately owned company which sells airport transfers and travel insurance is drawing up plans for a possible future listing.
Holiday Extras staged a management buyout in 2018, which resulted in founder Gerry Pack, its management team and an employee benefit trust owning the bulk of its shares.
The deal was reported at the time to value it at about £100 million.
Accounts for the year ended March 31, 2022 filed at Companies House show it made a £4 million loss, compared to a £9.5 million loss the year before, according to the report.
Sky News reported “travel industry sources” as saying the timing and size of a flotation were yet to be determined.
It was also unclear whether advisers had been appointed to work with the company.
Market conditions are unlikely to be opportune for an IPO for some time, one investor reportedly said.
A Holiday Extras spokesperson told the news network: “Holiday Extras has enjoyed a spectacular recovery in the year since travel restrictions were lifted, with our best ever results in our 40-year history [during the] financial year that ended in April.
“We are always actively exploring opportunities to accelerate our growth, including talking to potential investors and a potential listing.
“Although we have discussed a listing we currently have no concrete plans to IPO.”