The Clear Group, which earlier this year named a new chief executive, has announced its financial highlights for the year ended October 31, 2020.
In a release, the insurance group said revenue for 2020 amounted to £28 million, representing growth from 2019’s £23.8 million. EBITDA (earnings before interest, taxes, depreciation, and amortisation), meanwhile, was at £5.9 million.
“Despite the impact of the COVID pandemic, these latest results are a fantastic achievement in what has been an unprecedented time for our clients,” said chief executive Mike Edgeley (pictured), who succeeded Howard Lickens when the latter took on the executive chairman post while co-founder Gary O’Donnell became group M&A (mergers and acquisitions) director.
“The results prove the resilience of our business model and the quality of our staff, where we place the service we provide our customers at the forefront of everything we do. This was even more important during the turbulent economic environment our clients were exposed to during the early stages of the COVID pandemic.”
Edgeley also highlighted that the hard work and dedication of the Clear roster, which saw no redundancies, ensured that clients remained well supported throughout the crisis.
The insurance group has added significant expertise and capability to its proposition in the UK in the past year – acquiring, among others, Brokerbility Holdings Limited in Clear’s biggest swoop to date.
