Another year of consistent growth for Romero
Insurance company The Romero Group, which has offices in Manchester, has reported commission and fee income of £11.3m for 2017 – up from £10.25m in 2016.
The results are split between Romero Insurance Brokers (£7.8m up 9% on £7.1m in 2016) and Club Insure which brought in £3.5m, up from £3.08 in 2016.
Adjusted EBITDA also saw a healthy increase to £2.72m from £2.38m which was a 14% increase over the previous 12 months.
Chairman of the Leeds-headquartered company 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.”
Romero has four offices across the North – also in Halifax and Stockton on Tees – targeting corporate commercial clients with its risk management and award winning claims service.
Club Insure is a specialist schemes business that has a national sales team and claims to be the market leader in leisure sector specialising in the late night industry and social and sports club insurance.
