LifeSearch reports 'significant' growth for 2019

Annual results to 31 August 2019

Adam Saville
clock • 1 min read

LifeSearch’s turnover, gross profit and EBITDA grew by 28%, 29%, and 53% respectively last year

The adviser firm said more than 100,000 families were protected by LifeSearch during the year to 31 August 2019 - an increase of just under 22% - and it made 10% growth in profits seen in 2018. LifeSearch's turnover reached £43,163,441, its gross profit increased to £10,917,165 and EBITDA grew to £3,535,210. It saw 135% increase in profit before tax to £2,389,570. Tom Baigrie, founder and chief executive of LifeSearch, said: "We are very proud of what we have achieved in the last year. It's the result of significant investment in our people, brand, technology, digital infrastructure a...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

MAB announces 2025 targets

MAB announces 2025 targets

Aiming to double revenue and market share

Cameron Roberts
clock 04 February 2025 • 1 min read
LifeSearch appoints Paul Foody as COO

LifeSearch appoints Paul Foody as COO

Paula Bertram-Lax takes on new role within the business

Jaskeet Briah
clock 03 February 2025 • 2 min read
Advisers concerned about rising costs and market pressures

Advisers concerned about rising costs and market pressures

Gender difference in concerns

Jaskeet Briah
clock 30 January 2025 • 2 min read