Last year the broker reported a rise of 14% in EBITDA
Romero Insurance Brokers announced yesterday another year of “organic growth” in its latest financial results for the year ending 30 April 2018.
The broker reported a 30% rise to the group’s EBITDA hitting £3.67m, up from £2.82m in 2017.
It follows last year’s results which saw EBITDA increase by 14% only to £2.72m from £2.38m.
It said the firm had received “no outside investment” with commission and fee income reach over £13.67m. This is an increase of 12.7% during the previous year which stood at £12.13m.
Justin Romero-Trigo, group chief executive, added: “We will continue to grow without outside investment, and with no debt or plans to sell the business, we’re on track for some really exciting achievements in the future.”
It’s managing director, Simon Mabb said he was pleased to be investing in its new and existing staff’s development while supporting the business.
Last year it hired a new director, David Waggstaff, to head the new Midlands office.
Romero-Trigo founded the commercial broking firm in 1997 based in Leeds.
It now manages £75m of commercial insurance premiums.
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