How much does Inside Travel Group Limited make?

Inside Travel Group Limited reported revenue of £81.7m and £6.3m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Inside Travel Group Limited have?

Inside Travel Group Limited reported an average of 282 employees in the year to 31 Dec 2025.

Is Inside Travel Group Limited profitable?

Yes — Inside Travel Group Limited reported a profit of £6.3m in the year to 31 Dec 2025.

Company No. 04094031 · Incorporated 20 Oct 2000

Inside Travel Group Limited

Registered name: INSIDE TRAVEL GROUP LIMITED

Part of Piper Pe LLP group

Inside Travel Group Limited made £81.7m revenue and £6.3m profit in the year to 31 Dec 2025.

Inside Travel Group Limited’s revenue grew 26% to £81.7m in the year to 31 Dec 2025, with £6.3m profit and 282 employees. The company is classified under “travel agency activities” and is based in Bristol; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 79110Travel agency activities

Status: Active
Location: Bristol, South West
Age: 26 yrs · since 2000
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£81.7m

Growth ▲25.6%

Profit

£6.3m

Growth ▼32.5%

Profit margin

7.8%

Gross 34.4%

Employees

282

Change ▲20.5%

Profit / employee

£22.5k

Revenue/employee £290k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£7m	£50.1m	£65m	£81.7m
Cost of sales	£5.4m	£33.7m	£42.4m	£53.5m
Gross profit	£1.7m	£16.4m	£22.6m	£28.1m
Operating profit	−£2.7m	£3.5m	£11.6m	£7.9m
Profit before tax	−£2.3m	£2.4m	£11.2m	£8.1m
Profit after tax	−£2.3m	£4.3m	£9.4m	£6.3m
Profit (best available)	−£2.3m	£4.3m	£9.4m	£6.3m
Staff costs	£2.6m	£8m	£11m	£13m
Employees (average)	118	162	234	282
Ratios
Profit margin	−32.3%	8.5%	14.4%	7.8%
Gross margin	23.8%	32.7%	34.7%	34.4%
Revenue per employee	£59.6k	£309k	£278k	£290k
Profit per employee	−£19.2k	£26.4k	£40.1k	£22.5k
Cash conversion	—	113%	—	—
Growth (year on year)
Revenue growth	—	—	▲29.8%	▲25.6%
Profit growth	—	—	▲119.9%	▼32.5%
Headcount growth	—	—	▲44.4%	▲20.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.6m	£7.2m	£9.5m	£15.1m
Net assets	−£8.4m	−£4.4m	£4.6m	£10.6m
Fixed assets	£434k	£481k	£576k	£783k
Current assets	£5m	£11.9m	£18.7m	£26.2m
Debtors	£1.4m	£4.6m	£9.1m	£11.1m
Deferred income	£7.9m	£10.2m	£11.6m	£12.9m
Cash from operations	−£226k	£4m	—	—
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	FullAccounts · bulk data Sep 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 7.8%; Profit ÷ revenue.
Gross margin: 34.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £290k; Revenue ÷ average employees.
Profit per employee: £22.5k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 15.8%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 13.5%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲130%; Now £10.6m
Cash at bank: ▲58%; Now £15.1m
Headcount: ▲21%; Now 282
Deferred income: ▲11%; Now £12.9m
Fixed assets: ▲36%; Now £783k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Piper Pe LLPultimate parent75–100%
Project Daniel Topco Limited75–100%
Project Daniel Buyer Limited75–100%
Fuji Topco Limited75–100%
Inside Travel Group Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (3)

Insideasia Tours LtdFigures not disclosed
Insidejapan Tours LimitedFigures not disclosed
Insidetravel Technology LtdFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £6.3m), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Updated from Companies House on 23 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.