Key Travel Ltd.
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Key Travel Ltd. - overview
Established
1980
Location
London, England, UK
Primary Industry
Travel & Leisure
About
Key Travel Ltd. is a travel management company specializing in tailored services for the academic, nonprofit, and public sectors, focusing on efficient travel planning and cost management for organizations with specific travel needs. Founded in 1980, Key Travel Ltd. is based in London, UK.
The company provides travel management services primarily tailored to the academic and nonprofit sectors. It was acquired in May 2018 by Elysian Capital from Livingbridge. The current CEOs are Marie Taylor, Saad Hammad, and Spence Knudson. Key Travel has successfully raised GBP 9.
00 mn in total funding, with its latest round being a Buyout from Livingbridge. The company has completed 2 significant deals to date. Key Travel specializes in providing tailored travel management services, primarily catering to the academic, nonprofit, and public sectors. Their core offerings include comprehensive travel planning, booking support, and cost management solutions, designed to streamline the travel experience for organizations that require frequent travel for missions, research, or conferences.
The company addresses challenges such as budget constraints, compliance with travel policies, and the necessity for detailed reporting on travel expenses. Key Travel operates in multiple geographical markets, serving clients across Europe, North America, and Asia, ensuring that its services align with the diverse requirements of international travel. In the most recent year, 2023, Key Travel reported revenue of GBP 13,369,216. 10 with an EBITDA of GBP 2,834,072.
60. The company's revenue model emphasizes partnerships with institutions and organizations, operating on a B2B basis where clients utilize their services for travel arrangements, often under service level agreements. Revenue streams include transaction fees from bookings and subscription models for enhanced services, reflecting the tailored nature of their offerings. Key Travel plans to enhance its service offerings by developing new travel management products aimed at improving client experience.
The company is targeting expansion into additional regions in Asia and North America by 2025, leveraging recent funding from the GBP 9. 00 mn Buyout to support these initiatives. The funding will also be utilized to enhance technology solutions that streamline booking processes and improve compliance with travel policies.
Current Investors
Elysian Capital
Primary Industry
Travel & Leisure
Sub Industries
Business Support Services, Travel & Tourism
Website
www.keytravel.com
Verticals
E-commerce
Company Stage
Mature
Total Amount Raised
Subscriber access only
Key Travel Ltd. - timeline of key events
Key Travel Ltd. - financials
| Fiscal Year Ended | Sep 30, 2010 | Sep 30, 2011 | Sep 30, 2012 | Sep 30, 2013 | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 51,571,613 | 60,667,672 | 77,197,187 | 90,687,715 | 102,162,000 | 110,251,000 | 114,667,000 | 125,484,000 | 149,624,000 | 198,796,000 | 77,240,000 | 1,453,000 | 6,563,000 | - | - | - |
| % Revenue Growth (YoY) | - | 17.6% | 27.2% | 17.5% | 12.7% | 7.9% | 4.0% | 9.4% | 19.2% | 32.9% | (61.1%) | (98.1%) | 351.7% | - | - | - |
| EBITDA (USD) | 675,462 | 1,447,653 | 1,868,973 | 1,993,516 | 2,340,000 | 2,368,000 | 2,326,000 | 2,787,000 | 3,012,000 | 3,549,000 | (5,039,000) | (2,861,000) | (339,000) | - | - | - |
| Operating Income (USD) | 349,496 | 1,161,600 | 1,618,431 | 1,708,548 | 2,117,000 | 2,148,000 | 2,049,000 | 2,410,000 | 2,541,000 | 3,013,000 | (5,745,000) | (4,022,000) | (1,522,000) | - | - | - |
| Operating Margin | 0.7% | 1.9% | 2.1% | 1.9% | 2.1% | 1.9% | 1.8% | 1.9% | 1.7% | 1.5% | (7.4%) | (276.8%) | (23.2%) | - | - | - |
| % EBITDA Margin | 1.3% | 2.4% | 2.4% | 2.2% | 2.3% | 2.1% | 2.0% | 2.2% | 2.0% | 1.8% | (6.5%) | (196.9%) | (5.2%) | - | - | - |
| NET Income (USD) | 249,450 | 924,832 | 1,277,879 | 2,107,460 | 1,895,000 | 2,064,000 | 1,800,000 | 2,094,000 | 2,643,000 | 3,102,000 | (5,646,000) | (4,048,000) | (1,589,000) | - | - | - |
| % Net Margin | 0.5% | 1.5% | 1.7% | 2.3% | 1.9% | 1.9% | 1.6% | 1.7% | 1.8% | 1.6% | (7.3%) | (278.6%) | (24.2%) | - | - | - |
Key Travel Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Raptim Intercontinental BV | - | ||||||||
| Secondary Buyout | Completed | Key Travel Ltd. | - | ||||||||
| Add-on | Completed | OT&T Travel Management Inc | - | ||||||||
| Buyout | Completed | Key Travel Ltd. | - |
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Key Travel Ltd. - employee data
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