GILES RANKED 13th IN SUNDAY TIMES BUYOUT TRACK 100
13th fastest-growing profits of all UK private equity-backed companies
Giles Insurance Brokers Ltd (Giles or the Group), the independent insurance broker, is pleased to announce achieving 13th place in the Sunday Times Buyout Track 100.
The Buyout Track 100 league table ranks Britain's top 100 private equity-backed companies with the fastest-growing profits over the last two years and is well regarded across the business arena. During this period Giles profits have risen 90% a year from 6.3m in 2007 to 22.8m in 2009.
This achievement recognises the successful organic growth and acquisition programme implemented by management as well as the major contract wins during the period. In March 2008, Charterhouse Capital Partners backed the Group and provided further significant capital for expansion. Over 20 acquisitions have been completed since Spring 2008 enabling the business to grow both nationally and across its product and service offering.
Chris Giles, Chief Executive of Giles commented, Following on from our third position last year, this is another fantastic achievement for Giles and testament to the commitment of all our staff. I am very proud of our growth record and our resilience during the challenging market conditions. Our goal remains to take a lead in consolidating the broking industry and we will work hard to develop the business further during the current environment.