Brightside posts tenth year of "record profits"

Martyn Holman

Pre-tax profits at the Bristol-based broker leapt 28.7% to £17.5m for 2012, up from the £13.6m recorded during 2011. 

EBITDA also rose by 21.6% to reach £22.5m, an increase on the £18.5m posted the previous year, while revenue jumped to £91.2m from £80.4m.

The figures saw the broker's earnings per share increase to 2.78p, a rise of 35.6% from 2.05p. And annual insurance policy sales rose 12% to hit 400,210 (2011: 357,261).

However, on a rare negative note, sales of its online home policies

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