Romero Group sees another year of consecutive growth

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Group EBITDA was up 12% to £4.1m

Romero Group has seen another year of consecutive growth, broadening organically its commission and fee income to £15.1m – an increase of £10.5% over 2018’s figure (£13.67m).

This is also reflected in the group’s EBITDA which increased 12% to £4.1m, in its financial results from 2018 to 30 April 2019. This rise from £3.67m in 2018.

It claims that this consecutive growth has been achieved due to Romero’s commitment to remain independent.

The group also has ambitious plans to enhance its five-year financial goals to double the size of its business which will be put in motion by its senior leadership team.

It’s group chief executive, Justin Romero-Trigo said: “I’m proud of all our teams and what they’ve achieved this year, and in particular I’m very grateful to our fantastic clients and their continued support across the Group, as we wouldn’t be where we are without them.”

It follows Romero Insurance Brokers partnering with an MGA, Qlaims Insurance.

Employee wellbeing

The brokers growth has been supported by the launch of a new group business – “We Are Wellbeing” supporting employee wellbeing and client health and awareness.

It covers physical, mental, social and financial wellbeing – the business will work with Romero Group employees as well as offering leading services to its clients and other businesses.

Founder and chief executive at We Are Wellbeing, Andy Romero-Birkbeck added: “After supporting the Romero Group for a number of years in their pioneering approach to staff wellbeing, I’m thrilled to be coming on board as part of the team to support the business and, most importantly, support its colleagues and clients across the group to make sure they have the opportunity to thrive.”

It will be led by a team with over 13 years of experience in the health and wellbeing sector, the investment reinforces the Romero Group’s commitment to adding value to its clients, supporting customer experience and reflects its commitment to creation tailored solutions for the individual, the company said.