Romero Group shows "consistent" growth in latest results

The Romero Group has today announced strong results in its latest financial report.

For the year ending 30 April 2017, the Leeds-based group’s commission and fee income stood at £11.34m, a 10.6% increase on the 12 months before.

EBITDA increased 14% to £2.72m (2016:£2.38m)

The results were split between the two companies which make up The Romero Group.

Romero Insurance Brokers Ltd increased income 9% to £7.8m (£7.1m: 2016).

Meanwhile, Club Insure’s shot up 15% to £2.72m (£2.38m: 2016).

Chairman 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.”