Uber has hailed accelerating growth in the UK following a landmark victory over black cab drivers. The minicab app’s British turnover increased more than tenfold last year to £11.3m, according to accounts filed at Companies House. The figure reflects only Uber’s share of fares for trips booked via its service – at least 70pc of payments go straight to the self-employed drivers. Uber, which is backed by major investors including Google and Goldman Sachs, also moved into the black in the UK for the first time, posting a pre-tax profit of nearly £900,000, compared with a loss of £337,000 in 2013. It paid £22,000 in corporation tax. The Silicon Valley-based company entered the UK in 2012, beginning in London, and has rapidly expanded to employ more than 100 staff and cover major cities across the country. A spokesman said: “We’re a young company that’s investing heavily to expand. “We’re a significant net contributor to the local economy everywhere we go, creating new opportunities for thousands of professional drivers. "The lion’s share of every fare stays local. And unlike the cash-in-hand past of this industry, we only take card payments so every fare is traceable and transparent.” The growing popularity of Uber has been confirmed as the company celebrates a victory over black cab drivers, who allege it illegally operates metered taxis. The High Court on Friday rejected the claim, ruling that the service was not a metered taxi because fares are calculated by Uber’s central systems rather than inside vehicles. The decision was a boost in the company’s battles with regulators and traditional taxi drivers around the world.
After Uber ’s landmark victory over black cab ##s on Twitter , there is more good news for the ride - hailing app : UK revenues have risen tenfold in the past year . British turnover soared to £ 11.3 billion last year , according to figures from Companies House . The app ’s accelerating growth also brings its first UK profit , with pre - tax profits hitting £ 900,000 , after reporting a loss of £ 337,000 in 2013 .