Insurance Age

Romero continues to grow in 2016

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The business has no acquisition plans and intends on focusing on organic growth in 2017.

The Romero Group has reported commission and fee income of £10.25m for the year ended 30 April 2016, up 10% on the previous year (2015: £9.3m).

The results are split by its two divisions Romero Insurance Brokers, which posted income up 12% to £7.1m (2015: £6.4m) while Club Insure saw a 6% rise to £3.08m (2015: £2.9m).

Adjusted Ebitda also grew from £1.4m, up 29% to £1.8m over the previous 12 months.

A net profit was not provided due to changes in the way the business reports its results, said

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