Broker to move away from its London focus
Heath Lambert will move away from its London-centric focus and expand regionally, said chief executive Adrian Colosso on the back of the company’s year-end results.
The company announced key trading highlights ahead of its results that showed earnings before tax up by 6% to £18.5m and UK operating revenue of £113.1m.
Colosso said the broker will be strengthening its position in the UK and will open new offices as it looks to expand its business.
He said: “Going forward our aim is to continue to invest in our people, our services, our solutions, and operations to further strengthen our market leading position in the UK. In fact this year will see us focus on strengthening our position in the UK and moving away from being London centric. We will be looking to expand our regional presence through the opening of new offices, expanding our existing offices and through the ongoing recruitment of specialists to build on our already strong set of skills and knowledge. We are determined to build on our success and feel optimistic and confident about the future.”
The results showed UK retail, personal lines and consulting/employee benefits divisions contributed to around 85% of the Group’s income.
Heath Lambert’s national network saw a 5 % growth in its mid-market operations as a whole, with double digit growth from its operations in Leeds, Sheffield and Newcastle; retail personal lines income grew by 13%, which was driven by new schemes and e-commerce growth.