FMW Risk Services, the Essex based commercial insurance broker has reported a slight rise in its profit before tax to...
FMW Risk Services, the Essex based commercial insurance broker has reported a 10% increase in brokerage income to £4.6m (2004: 4.1m).
The company announced its unaudited results for the year ending 31 December 2005, reporting a gross written premium of £27,000,050 and a slight rise in its profit before tax to £727,356 despite exceptional costs arising as a result of the company's recent relocation to brand new purpose built offices just off the A12 at Kelvedon, Essex.
Peter Blanc, the managing director of FMW, said: “since our management buyout in December 2000, we have pursued a strategy of organic growth in our chosen niche areas. To
have achieved in excess of 10% growth in this market through purely organic means is a great achievement and is a testament to the quality of our staff.
"We are hoping to eclipse the £5m brokerage barrier during 2006 and we will continue to seek out the best personnel to help us achieve our growth target.”
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