Romero reports another year of consistent organic growth

Finance

The Romero Group has today announced its 2016/17 results to the 30th April 2017.  Group commission and fee income now standing at £11.34m (£10.25m 2016) up 10.6% on the previous 12-month period.  

The results are split Romero Insurance Brokers £7.8m up 9% (£7.1m 2016) and Club Insure £3.5m up 15% (£3.08m 2016)

Adjusted EBITDA also saw a healthy increase to £2.72m from £2.38m which was a 14% increase over the previous 12 months.

Commenting on the results 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.’   

‘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’ said Managing Director Simon Mabb. 

Romero has 4 offices across the North 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 is the market leader in leisure sector specialising in the late-night industry and social and sports club insurance.