Leeds-based holiday price comparison website icelolly.com has been recognised by leading private equity and venture capital organisation BVCA, winning the regional business transformation management team award for Yorkshire and the North East.
This follows a period of year-on-year growth for the business, which achieved a 23 per cent EBITDA increase in 2016 versus the previous year. This has been driven by the company’s focus on improving the customer experience as it aims to become the UK’s leading holiday price comparison website.
Backed by Palatine Private Equity in September 2013, icelolly.com has made significant investment in its technology platforms, including the development of a new website and mobile app. Efforts are paying off, with mobile searches and app sessions both up year on year.
The BVCA Management Team Awards recognise the UK’s best performing businesses backed by venture capital and private equity. As regional winner, icelolly.com has now been shortlisted for the national awards, which are held in London on November 30.
Andrew Latham, chief executive at icelolly.com, said: “The business has been through a significant repositioning in recent years to put the customer at the heart of everything we do. We have enjoyed a period of consistent growth, despite ongoing turbulence in the market, which is testament to the strength of the management team and the work of our people.
“Palatine has been a great support for the business and has enabled us to expand our horizons and focus on providing the systems that work best for our customers. This will continue to be a key focus for us over the next 12 months, and we are continuing to develop our technology and work closely with our travel agent partners to deliver the best value and range of holiday offers.”