Addison Lee is forecasting a sharp rise in revenues for 2017, following £100 million investment in technology, services and acquisitions.

The London-based private car hire service is predicting a 40 per cent year-on-year jump in revenues.

It has also reported bookings for its executive car service were up 20 per cent in 2016 compared to the previous year. Addison Lee now has 20,000 business customers in London, including 80 per cent of FTSE companies.

“It’s been an amazing twelve months for Addison Lee,” said CEO Andy Boland (pictured). “We are investing in services, training and technology to give our customers a first class experience and provide them with a truly global ground transportation service.”

The growth has been fuelled by investing in technology such as the Addison Lee app, the Tristar & Flyte Tyme acquisitions and the creation of the first platform that allows customers to book a quality car service across the globe.

Boland added: “We have invested almost £100m in the last year to create and develop services that our customers want. Soon our customers will be able use a single portal to book a car anywhere in the world secure in the knowledge that they will get a seamless door to door premium service.”

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