Brightside's trading report reveals 30% broking boost
Brightside Group has released its trading update for the financial year ended 31 December 2009 and announced how it intends to spend the £20m it raised at the end of last year
The company said it continued to trade strongly during the second half of the year, with full year profits expected to slightly exceed market expectations.
Overall, the company brokered 197,059 (2008: 151,566) insurance policies in 2009, an increase of 30% on the prior year.
In December 2009 the company raised £20m through a new share issue. Brightside Group said it has now begun to utilise these funds, which it expects to fully deploy over the coming year within: its premium finance business
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