Clear grows Ebitda by a third
Clear Group grew its Ebitda by 33.4% to £19m, with revenue jumping to £74.7m in the year ended 31 October 2023.
Revenue was up from £56.7m the year before.
Clear explained this growth reflected it “building strong relationships” with its client and a renewal retention of 94% for the period.
The broker added the totals were boosted through organic growth and strategic acquisitions. It struck 10 deals in the year and has a growing MGA portfolio from acquiring three businesses: Profile Underwriting, One Commercial Specialty and a 50% shareholding in Thomond Underwriting based in Ireland.
In the buying spree it
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