Consolidtaor on the right growth track, says Sunday Times
Giles achieved 13th place in the Sunday Times Buyout Track 100.
The Buyout Track 100 league table ranks Britain's top 100 private equity-backed companies with the fastest-growing profits over the last two years and is well regarded across the business arena. During this period Giles’ EBITDA profits have risen 90% a year from £6.3m in 2007 to £22.8m in 2009.
This achievement recognises the broker's organic growth and acquisition programme implemented by management as well as the major contract wins during the period.
In March 2008, Charterhouse Capital Partners backed the Group and provided further significant capital for expansion. Over 20 acquisitions have been completed since Spring 2008 enabling the business to grow both nationally and across its product and service offering.
Chief executive Chris Giles said: “Following on from our third position last year, this is another fantastic achievement for Giles and testament to the commitment of all our staff. I am very proud of our growth record and our resilience during the challenging market conditions. Our goal remains to take a lead in consolidating the broking industry and we will work hard to develop the business further during the current environment.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
