Bruce Stevenson Hits £25M GWP

Bruce Stevenson has grown its GWP by 25% to £25m according to its results to the year 31 August 2015.

The broker also announced that its income had grown from £4.5m to £5.5m during the financial year and that its number of staff had grown to 88 - a 19% increase.

The firm said the growth has seen it move to a larger, flagship, in Glasgow. The office will continue to be run by commercial director Andrew Adam and renewable energy director Derek Skinner.

Edward Bruce, chief executive, said:
"Moving into larger offices in Glasgow is a great start to our new financial year and will give us room for further growth.  Our team has worked hard over the past 12 months to grow our gross written premiums from £20m to £25m and our income from £4.5m to £5.5m. We're in year three of our five-year plan and we're growing ahead of our target."

Organic
He continued: "This growth has been organic rather than coming through acquisitions and it demonstrates that we're on course to meet our aim of becoming the broker of choice for our clients."

The broker advised that surplus income would be reinvested back into the business. The company also has offices in Galashiels which opened in April, Edinburgh Aberdeen and London. 

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