Insurance brokers Coversure Insurance have announced increased pre-tax profits of £1.32m for the financial year ended 31 March 2016 to 2017 – a rise of 17%. The broker also reported a 7.9% rise in turnover to £5.42m (2016: £5.03m) and a 17.9% increase in operating profit to £1.50m in 2017, compared to £1.27m in 2016. Coversure’s CEO, Bob Darling expressed his delight with the figures saying, ‘All of the key metrics are going in the right direction.’
Expanding Business To Open New Office In Scotland
This is just the latest set of impressive results for Coversure, a long-established company that employs around 100 people in their offices in Washingley Road, Huntingdon. The results coincide with the announcement of yet another Coversure office opening, this time in Scotland. In the last year Coversure have opened a number of new offices, including ones in Bingley and Leeds, significantly bucking an industry trend that has seen many big-name brokers retreat from the High Street.
Commenting on the continued office growth, Bob Darling said, ‘There are a number of other potential franchisees talking to us at the moment. Quality of service and customers’ outcomes are key to our long-term plans, so we set the bar very high for new franchisees.’
Coversure now have over 90 franchised offices throughout the UK and as the business continues to thrive so it will continue to play an important part in the region’s economy.