ITISON, the daily deals website owned by Glasgow-based entrepreneur Oli Norman, has ramped up profits 100 per cent to £1.6 million in a year which saw it expand into the north of England.
The company, formed by Mr Norman in 2010, also highlighted the impact made by the launch of a new group booking platform, focused on quality dining, leisure and “experiential” offers for parties of six and more. Turnover at the business, which now has more than 60 staff across its offices in Glasgow, Edinburgh, Dundee, Aberdeen and Newcastle, grew by 38 per cent to £23.7m, its latest accounts show.
Itison’s previous accounts show it made a profit £1.05m in the period between September 1, 2014 and December 31, 2015. It said this amounted to a profit of £787,000 when adjusted for the 2015 calendar year. Itison, which also runs popular drive-in movie events at locations such as Loch Lomond Shores, has 1.2 million users signed up to receive its daily email. It now works with more than 4,000 clients, including luxury hotels, bars, and events and leisure experiences.
Last year saw the company invest £2.5m in a head office in Glasgow’s Cochrane House, where features include a bar and a fireman’s pole.
Mr Norman, who under a separate venture co-owns Glasgow bars Brel, Sloans, Maggie Mays and The Griffin, said: “We’ve had another great year of growth and results alongside a major focus on R&D investment; building our analytics platforms and new services for the over 4,000 amazing businesses we work with. We’ve also had a lot of fun in the process; building a new world class headquarters, raising hundreds of thousands of pounds for local charities and escorting one of our members to lunch with Leonardo DiCaprio .”
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel