Alway anticipates growth not takeovers for Jelf
Alex Alway, chief executive of Jelf Group, has ascribed the rise in profits and revenue at the firm to “heavily investing back into the business”.
Speaking as Jelf reported a near one-third increase in group profit after tax to £4.6m for the year to 30 September 2013, and a 14.4% rise in Ebitda for the insurance division to £6.8m, Alway told Insurance Age: "We feel we have got the business to where we need."
He cited the overhaul of the branch network along with the integration of Acturis' technology across the company as being key elements for 2013's performance and listed three principle areas for further investment and growth in 2014.
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