LifeSearch has enjoyed strong growth over the past year with profits up 47 per cent.
The life and protection broker said that it now protects more than 220,000 lives, and arranges life and protection cover for over 100,000 families and businesses.
The company said it has seen a 48 per cent increase in the number of people visiting its website over the past year, which coincided with the start of the coronavirus pandemic. This is the fifth consecutive year the company has seen growth in both revenue and profits.
Key figures from its annual report, for the period up to 31 August 2020, show a 10 per cent increase in turnover to £47,588,996, a 7 per cent increase in gross profit to £11,648,562 and a 47 per cent increase in profit before tax to £3,522,353
LifeSearch chief executive Tom Baigrie said these results reflected the company’s investment in people, service standards and digital technology.
“We have continued the development of our own brand through social channels and other media, driving 48 per cent more visitors directly to our website over the past year.”
He says the company continues to invest in its people, paying the highest ever partnership dividend this year. This is paid to all employees with three years or more service.
