Essential Travel Limited
Independent online travel essentials providers.
- Travel
- online travel agency
| Date | Investors | Amount | Round |
|---|---|---|---|
£2.1m Valuation: £2.1m -0.0x EV/EBITDA | Acquisition | ||
| Total Funding | 000k | ||
| GBP | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 85982 % | (100 %) | (79 %) | - | - | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (2 %) | (7 %) | (11 %) | - | - | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (2 %) | (13 %) | (12 %) | - | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Essential Travel Limited was founded in 2001 by Philip Jordan, who envisioned a company that would simplify travel insurance and provide essential travel services to customers across the UK and beyond. The company quickly established itself as a reliable provider of travel insurance, car hire excess insurance, and airport parking services.
Under Jordan's leadership, Essential Travel Limited focused on creating a seamless online platform that catered to the needs of travelers seeking comprehensive insurance solutions. This approach resonated well with customers, leading to steady growth and a strong market presence.
A significant milestone in the company's journey occurred when Essential Travel Limited caught the attention of Thomas Cook, one of the UK's largest leisure travel groups. In a strategic move to enhance its service offerings, Thomas Cook acquired Essential Travel Limited, integrating its services into their broader portfolio. This acquisition marked a new chapter for Essential Travel, providing it with the resources and reach of a major travel conglomerate.
Today, Essential Travel Limited continues to operate under the umbrella of Thomas Cook, maintaining its commitment to providing essential travel services while benefiting from the expanded capabilities and market access afforded by its parent company. The story of Essential Travel Limited is a testament to the impact of strategic growth and the opportunities that arise from aligning with industry leaders.