Addison Lee, the leading premium private hire, courier, and black taxi provider in London, has reported another impressive financial performance. The company’s Adjusted EBITDA has reached £27.4m for the year ended 31 August 2023, a remarkable increase of 41% from the previous year.
As a premier ground transport provider in London, Addison Lee’s unique position in the industry has led to substantial growth over the past three years. For the financial year ending on 31 August 2023, the firm achieved a turnover of £224.8m. The acquisition of Green Tomato Cars in June 2023 and ComCab in July 2021 has further enriched the range of services on the Addison Lee platform and increased the number of drivers to more than 7,500.
Liam Griffin, CEO of Addison Lee, expressed his satisfaction with the company’s performance: “Through our integration of Green Tomato Cars and ComCab, we have extended our premium services and been able to take on higher value rides while shortening our on-demand time for journeys across the city to less than ten minutes.” The expansion of Addison Lee’s operating platform has resulted in outstanding financial results, and Griffin emphasized the company’s readiness to take on more opportunities for growth.
Addison Lee has also been committed to providing sustainable, high-quality services to their customers. With the largest sustainable fleet of vehicles in London, Addison Lee offers zero emissions capable vehicles that include executive and premium cars and black taxis. Furthermore, the company invested over £80m in the past three years to upgrade their fleet, including replacing 600 PHEV VW multivans and Audi A6/A8s. The company’s standard passenger fleet is expected to be zero emission capable by Spring 2024.
Griffin concluded by saying that Addison Lee’s “state-of-the-art, sustainable fleet means we are perfectly positioned to capitalise on the growing demand for quality, professional services like ours.” The company’s impressive FY23 results and strong performance in the first quarter of FY24 give them confidence in the future.
Addison Lee, the leading premium private hire, courier, and black taxi provider in London, has reported another impressive financial performance. The company’s Adjusted EBITDA has reached £27.4m for the year ended 31 August 2023, a remarkable increase of 41% from the previous year.
As a premier ground transport provider in London, Addison Lee’s unique position in the industry has led to substantial growth over the past three years. For the financial year ending on 31 August 2023, the firm achieved a turnover of £224.8m. The acquisition of Green Tomato Cars in June 2023 and ComCab in July 2021 has further enriched the range of services on the Addison Lee platform and increased the number of drivers to more than 7,500.
Liam Griffin, CEO of Addison Lee, expressed his satisfaction with the company’s performance: “Through our integration of Green Tomato Cars and ComCab, we have extended our premium services and been able to take on higher value rides while shortening our on-demand time for journeys across the city to less than ten minutes.” The expansion of Addison Lee’s operating platform has resulted in outstanding financial results, and Griffin emphasized the company’s readiness to take on more opportunities for growth.
Addison Lee has also been committed to providing sustainable, high-quality services to their customers. With the largest sustainable fleet of vehicles in London, Addison Lee offers zero emissions capable vehicles that include executive and premium cars and black taxis. Furthermore, the company invested over £80m in the past three years to upgrade their fleet, including replacing 600 PHEV VW multivans and Audi A6/A8s. The company’s standard passenger fleet is expected to be zero emission capable by Spring 2024.
Griffin concluded by saying that Addison Lee’s “state-of-the-art, sustainable fleet means we are perfectly positioned to capitalise on the growing demand for quality, professional services like ours.” The company’s impressive FY23 results and strong performance in the first quarter of FY24 give them confidence in the future.
