Online ticketing firm named among fastest growing businesses in Wales

TicketSource, an online ticketing and box office management system, has been named one of the fastest growing businesses in Wales for the second year running.

At the Fast Growth 50 Awards, it was named the 28th fastest-growing company in Wales, following an increase in revenue of over 121 per cent from 2014 to 2016.

Founded in 2004, the Cardiff-based firm is used by more than 20,000 registered event organisers and venues throughout the United Kingdom, United States and Europe.

Just last year, the company handled online ticket sales for over 75,000 events, and this resulted in a 40 per cent growth in ticketing revenues when compared t0 stats from 2015.

Between 2014 and 2016, its revenue increased by an impressive 121.2 per cent – up from £804,646 to £1,779,798. And at the start of the year, the company moved to larger premises and has been on a recruitment drive.

Alexander McLauchlan, co-founder of the firm, said: “We are delighted to be confirmed as one of Wales’ fastest-growing business for the second year in a row.

“Our growth has been rapid but sustainable, and has been achieved mostly as a result of word of mouth.

“We hope to continue this growth from our new base in Penarth, building on our past achievements while offering the same high standards of service and a personal touch.

“We look forward introducing many new online ticketing services and features in the coming months.”