Broker Network will collaborate not merge with Compass, confirms Andy Fairchild

Andy Fairchild 2018

Broker Network has a “buoyant pipeline” of potential acquisitions, according to its chief executive officer Andy Fairchild.

Insurance Age can reveal that the group posted revenue of £23.1m for the year ended 31 December 2017, up 13% on a like-for-like basis from the prior year.

In addition, group Ebitda was £5.7m, an increase of 10% compared to 2016.

Revenue in the network division was up 15% to £15.2m in 2017, while Ebitda rose by 27% to £4.5m.

This is the first set of full year results

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