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A strong performance in the first half of the year with overall sales revenue up 14%.

Woodward Markwell Reports Strong Growth in First Half of 2017

 

August 2017


Woodward Markwell Chartered Insurance Brokers and Independent Financial Advisers has delivered a strong performance in the first half of the year with overall sales revenue up 14% and the profit ratio continuing to increase.

With two divisions, dealing with both Insurance Broking and Financial Services, Woodward Markwell continues to receive high levels of business via referral and recommendation, which clearly pay testament to the service delivered. Conversion rates are over 87%.

Woodward Markwell Financial Services division revenue is up by 28% year on year (based on the same period in 2016). The increase is across both the employee benefit and wealth management sectors as both divisions continue to win new clients, which in turn has seen progressive growth in the value of funds under management.

Davina Olson, Manager of the Financial Services division says ‘The results for the first half of the year are extremely encouraging. Our Financial Advisers and all the supporting staff work incredibly hard. Across both divisions our company ethos has always been to put the needs of the customers at the forefront our business, which we believe is key to our success.

The Insurance division reports that gross written premium is up by 17% year on year. The level of enquiries is at an all-time high and due to the exceptional service and competitive propositions that they deliver to their clients.

David McGowan, Manager of the Insurance division, says ‘I am extremely proud of the achievements our company has made over the last few years. We employ a great team and have built solid foundations from which we have grown the company without ever losing sight of our beliefs. We continue to go from strength to strength.

Overall, these results have been delivered by Woodward Markwell’s continued focus and investment in the development of their staff. Now employing 43 staff at their Ipswich based offices, their fundamental goal is to ensure good client outcomes, which remain the centre of their focus. The business is well positioned for future trends, meaning they are able to invest for the future and to continue to meet the individual needs of their customers and clients, whilst continuing to grow their business.

Managing Director Andrew Johnson added:

“We invest in our staff and continue to add to our already very strong team, with employees whose knowledge and qualifications mirror the high standards of the business. Our focus remains on the needs of our clients and exceptional service standards, which I believe bears testament to the results and progress we continue to make. Further expansion is anticipated, not just organically but as we talk to like-minded professionals who have expressed an interest in joining the team. We look forward to reporting equally pleasing results in our year-end figures”.