1st Central reports a record turnover of nearly £100M up 70% on the year

Insurance-Broker-Finance

First Central Insurance Management Ltd, the UK broker arm of First Central Group had another year of continued growth. The 2016 results show a turnover of just under £100m and increased profits from £1.1m to £4m.

Andy James, UK CEO commented, “it is great to see continued growth within the UK business and 2017 has continued in a similar vein with double digit growth seen year to date in both top line and bottom line. We have also recently achieved over 400,000 policies in force which is testament to the sterling work put in across the Group businesses to ensure we offer quality cover and service at competitive prices”.

This strong trading update follows a large period of investment into the business as 1ST CENTRAL has strategically focussed in its claims and counter fraud services teams. This has enabled the business to provide an improved and more efficient service to customers, and support the planned growth of the business for 2017 and beyond. In addition to this 1ST CENTRAL has successfully opened its office in Manchester, employing an additional 105 people since 2015.