A privately owned company which sells airport transfers and travel insurance is exploring a stock market flotation that could help to breathe fresh life into the City's moribund IPO pipeline.
Sky News has learnt that Holiday Extras, which was founded in 1983 by Gerry Pack, is drawing up plans for a possible future listing. Travel industry sources said the timing and size of a flotation were yet to be determined, while it was unclear on Thursday whether advisers had been appointed to work with the company.Holiday Extras staged a management buyout in 2018, which resulted in Mr Pack, its management team and an employee benefit trust owning the bulk of its shares.Accounts for the year ended 31 March 2022 filed at Companies House show it made a £4m loss, compared to a £9.5m loss the year before.