Profits and revenue rise at Brightside

Paul Chase-Gardner Brightside

The figures for the year to 31 December revealed a 63.8% increase in total policy sales to 339,916 (2009: 207,509) with van insurance rising from 115,728 in 2009 to 122,989 in 2010.

EBITDA before exceptional other income and share based payments charge also increased by 39.2% to £13.5m (2009 £9.7m).

In June 2010 Brightside raised £8.5m net of expenses through a share placing. The funds were used to acquire the eCar and eBike policy books. Post-acquisition policy sales recorded by eCar and eBike

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