Romero Group announce its 2016.17 results, with healthy, organic growth across the board
The Romero Group has today announced strong results in its latest financial report.
For the year ending 30 April 2017, the Leeds-based group’s commission and fee income stood at £11.34m, a 10.6% increase on the 12 months before.
EBITDA increased 14% to £2.72m (2016:£2.38m)
The results were split between the two companies which make up The Romero Group.
Romero Insurance Brokers Ltd increased income 9% to £7.8m (£7.1m: 2016).
Meanwhile, Club Insure’s shot up 15% to £2.72m (£2.38m: 2016).
Chairman Justin Romero-Trigo said: “Once more I’m pleased to present another year of consistent organic growth. With a number of local competitors selling out we have a great opportunity as the leading independent broker in the North.
”The increased consolidation is bringing us opportunities on a daily basis. Having celebrated our 20th Anniversary during the year it was a great chance to reflect on what we have all achieved and plan our next strategic 10-year plan.”
Managing Director Simon Mabb added: ”By no means has trading been easy in this period but having a strong team on both existing client servicing and new business and our agility to pick up on trends quickly enables us to continue a strong organic growth trajectory.”