Panache Cruises has achieved remarkable growth, now recognized as the fastest growing business in Northern England for 2023.
- The luxury cruise agency was awarded by the Fast Growth 50 Index, highlighting substantial entrepreneurial success among northern firms.
- Founded during the 2020 pandemic, Panache Cruises has flourished, reflecting resilience and innovative practices.
- The company reached impressive milestones with £20 million in turnover and expansion into the USA market.
- This achievement underscores the firm’s contribution to the economic landscape, aiming for continued growth and excellence.
In a remarkable achievement, Panache Cruises has been distinguished as the fastest-growing business in Northern England for 2023. This recognition forms part of the Fast Growth 50 Index initiative, which lauds significant entrepreneurial progress across the region, with fifty firms collectively amassing a turnover of £1 billion in 2022. This accolade shines a spotlight on Panache Cruises’ impressive trajectory within a competitive industry.
The company’s founder and CEO, James Cole, expressed elation at securing the top position, reflecting on the bold decision to launch amid the unprecedented conditions of the 2020 pandemic. “I founded Panache Cruises in July 2020 in the height of the pandemic, and at a time when everyone told me that I was mad to be starting a cruise business,” he recounted, highlighting the adversity faced during its inception.
Despite the challenges, Panache Cruises has demonstrated remarkable growth, exemplified by significant financial achievements and strategic expansion. This year, the agency anticipates a turnover of £20 million while expanding their workforce to 52 employees. Recently, they moved into new offices at Strawberry Fields Digital Hub in Chorley, signalling both growth and ambition. Moreover, the company’s international outreach has been solidified with a recent venture into the United States market.
The founder of Fast Growth 50, Dylan Jones-Evans, noted that firms such as Panache Cruises play a pivotal role in shaping the United Kingdom’s economic landscape. Their growth is a testament to innovation and resilience, drawing attention to how dynamic enterprises make substantial contributions to regional economic dynamics.
Looking towards the future, Panache Cruises has an ambitious roadmap, including plans to employ 100 apprentices by 2030. This forward-thinking approach not only reflects the company’s commitment to growth but also its dedication to fostering talent and creating opportunities within the industry. Such strategic planning is indicative of a company poised to sustain its upward trajectory.
Panache Cruises exemplifies a dynamic and resilient business model, marking substantial contributions to both the regional economy and the cruise industry.
