The west coast’s main ferry operator David MacBrayne Group Ltd, parent company of CalMac and Argyll Ferries has published its latest annual report and accounts.
The report for 2014/15 outlines another successful year for the Group as it continues to innovate to improve the customer experience of travelling across the company’s network of 49 routes and 50 destinations across the Clyde and Hebrides.
Group revenues are up to £172m from £154m and gross profit is up £5m to £20m, however the company posted an overall loss of £2.7m as opposed to a profit of £0.2m last year.
Under the terms of the Clyde and Hebrides contract, the group returned £1.9m to Scottish Government in efficiency savings
“The company continues to grow revenues but several factors have led to increased costs last year. These are mainly down to increased investment in developing new technology to improve the customer experience, through more flexible online ticketing and the digital platforms required to make this happen,” said Group chairman, David McGibbon.
Report highlights include:
More than 4.9 million passengers and 1.1 million cars carried
Employee numbers up 140 to 1482
Technical reliability for CalMac Ferries at 99.93% and punctuality at 99.75%
Revenue increased by 10%
UK transport and ferry awards
“I’m delighted to report that 2014/15 was another award winning year for the Group. We were named Best Ferry Company at the UK Transport Awards and Best Ferry Company in the prestigious Guardian and Observer Travel Awards, an honour we’ve been awarded five years running now,” said Mr McGibbon.
“This is probably one of our proudest achievements when it comes to recognition. This isn’t bestowed on us by a panel of industry peers but is solely awarded through votes cast by the travelling public.”
This year saw the publication of a Fraser of Allander report into the impact that the ferry arm of the Group had on island economies. It found CalMac supported turnover of approximately £270M in service companies and helped sustain nearly 6000 jobs across Scotland.
The Group is currently bidding to retain the Scottish Government’s Clyde and Hebrides Ferry Service contract which will be awarded in May 2016.
The full accounts and report can be viewed online at: website