The Davis Group plc has announced its half-year interim figures, showing a group gross premium turnover of £12.5m - up 36% on last year.
The group, which concentrates on the marine, freight and technology industries, says these figures mean it is well on track for meeting its end of year target of £26m. It also estimates that if growth continues at the current rate it will outstrip its target of a turnover of £50m for 2005 by £14m.
Combined premium turnover within the wholesale business, Davis Specialist Risks and Davis Schemes has increased by 75% when compared with 2001 interim figures.
Chairman Leigh Smart commented: "This rapid growth is a reflection of our marketing strategy, combined with an excellent workforce and strong management. We are extremely encouraged by these latest figures."
