Insurance Age

Brightside reports record year

Paul Chase-Gardner Brightside
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AIM listed Brightside Group has announced record profits of £4.7m (2008 restated: £2.6m) after tax for 2009.

The Bristol-based broking group also reported a 35% increase in revenue to £44.7m (2008: £33.2m). Following the announcement of record results the company has seen an 8% rise in its share price to 27.5p.

The broker saw an overall increase in policy sales to 197,000, up 30% on 2008, with van insurance up by 18% to 105,000 (2008: 89,000) and on-line home insurance policy sales increasing by 127% to 25,000 (2008: 11,000).

Paul Chase-Gardener, chief executive of Brightside, commented: "2009 has

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