Broker has third fastest-growing profits of all UK private equity-backed companies, according to Sunday Times list

Giles Insurance Brokers has been listed in third 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’ profits have risen 116% a year from £1.4m in 2005 to £6.3m in 2007.

The broker said th achievement recognises the successful organic growth and acquisition programme implemented by management which has resulted in Giles doubling in size every year for the last three years. In March 2008, Charterhouse Capital Partners backed the group and provided further significant capital for expansion. In total 22 acquisitions have been completed since Spring 2008 enabling the business to grow both nationally and across its product and service offering.

Chris Giles, chief executive of Giles, said: “This is a fantastic achievement for Giles and testament to the commitment of all our staff. I am very proud of our growth record. 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 economic environment.”