Wednesday, March 21, 2018

Addison Lee London — Addison Lee Group’s (ALG) transformation from a London private hire business to a global premium ground transport provider has fueled a year of record revenue growth and robust underlying profitability.

The company’s revenue increased by 31 percent to $484 million in the year ended August 31, 2017, representing a step change in scale as recent acquisitions contributed to the business’ financial performance as well as increased sales in its core London market.

“For Addison Lee Group, 2017 was the year our London business returned decisively to growth and our focus became investing in and building the world’s leading managed ground transportation business,” said ALG CEO Andy Boland. “We’ve made a strong start to the new financial year, with Q1 revenues up 23 percent and set to top £400 million for the current financial year. At the current rate of growth, we expect to double the size of Addison Lee Group in the next three years.”

Andy Boland Addison Lee CEO Andy Boland During the financial year, ALG built a global business across three continents, with an emphasis of quality, reliability, comfort, and industry-leading premium service throughout its network. Investment in technology has been central to this expansion.

The start of this financial year saw the re-branding of the Addison Lee business in the United Kingdom and, following its recent acquisitions, the group now operates with two brands globally: Tristar, for chauffeur driven, specialist and executive car services, and Addison Lee, for premium car services in major cities, including London and New York.

In January, Addison Lee unveiled its new global product, allowing customers to book executive car services in over 100 cities around the world through its app and website, reflecting the international travel patterns of Addison Lee’s customers. This premium service, designed for global business travellers, booked via digital channels and fulfilled through a vetted partner network, is fully supported by the ALG global service delivery team.

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