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Specialist broker Carole Nash posts 77% profit growth

Specialist broker Carole Nash posts 77% profit growth

Specialist broker Carole Nash posts 77% profit growth Leading specialist brokerage firm Carole Nash displayed stunning growth in 2015 as turnover increased and profits surged by 77%.
 
The motorbike and car insurance broker saw its pre-tax profits soar from £3.9 million in 2014 to £7.03 million last year, the Manchester Evening News reported.
 
Meanwhile, turnover climbed to £26.2 million in 2015 from £22.9 million in the previous year.
 
The broker’s policyholder numbers and overall market share have also grown, with the firm now covering around 25% of all motorcycles registered in Britain, according to the Manchester Evening News report.
 
“Between new propositions, multiple award wins and our trading performance, 2015 was undeniably a strong year for us,” the report quoted CEO David Newman as saying.
 
Newman said that the firm’s impressive growth is a “very fitting way” to celebrate their 30 years in the business.
 
“We see the sum of our various successes as further evidence that our model, which is based on placing the customer at the core of everything we do, continues to deliver,” he said.
 
In 2015, Carole Nash introduced a customer council and two new unique policies for motorbike users.
 
Newman said the company is “never afraid of breaking new ground” as it continues to be one of the leading market players in practice and innovation.
 
 
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