£38m turnover travel firm travel firm in gear for further growth with £1.6m fleet investment
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A travel firm which posted turnover of more than £38m last year says it is on track to achieve record sales in 2017, boosted by a £1.6m fleet investment.
Chorley-based Alfa Travel has bought seven new Mercedes Benz coaches using an asset finance facility from Lloyds Bank Commercial Banking as part of the company’s strategy to continue to update its fleet of 49 coaches.
Founded in 1991 Alfa Travel is one of the UK’s leading coach firms, taking more than 100,000 people to destinations across the UK and Europe every year.
It is part of the employee owned Alfa Leisureplex Group and owns 21 hotels across Britain.
Paul Bull, operations director at Alfa Travel, said: “As an employee owned group, we’re committed to ensuring that our customers receive the best standard of service, and the new coaches will allow people to travel in comfort and luxury.
“Buying the new coaches is one of the many ways that we’re hoping to build on the success of 2016, and this year we are expected to undertake more than 3,500 coach tours.”
Darren Winterbottom, relationship director for Lloyds Bank Commercial Finance, said: “Asset finance facilities are ideal for companies like Alfa Travel that are looking to buy new vehicles, enabling businesses to expand their fleet without affecting day-to-day cashflow.
“Offering a range of products is one of the many ways that we’re helping Britain prosper, as it allows firms to access a variety of funding options that can be tailored to suit their specific needs.”