Momentum Broker Solutions has experienced another year of strong growth with revenues increasing by 35 per cent in 2017. In the company’s seventh year of trading, Momentum also saw pre-tax profits increase by 24 per cent.
The broker network model has enjoyed continued success since its launch in 2010, with average premium growth of around 40 per cent a year and an expanding team of 47 people.
Howard Pepper, Managing Director of Momentum Broker Solutions, commented:
“We have a deep awareness throughout all areas of the business that our growth is completely aligned with how successful our members are, so during the year we made substantial investments, including bringing on board 9 new colleagues, taking additional office space and developing our IT infrastructure.”
In the first six months of 2018 we have started to see the benefits of our 2017 initiatives. As a result, our growth levels have increased substantially, and we are able to plan for further investment to maintain the high levels of growth experienced since the company’s inception.”