Profit Track 100

Since 1997, Towergate Underwriting Group has acquired more than 30 specialist insurance brokers and underwriting companies that cover a range of areas from holiday homes to military equipment. Last year its acquisitions included agencies specialising in agriculture, pubs and nightclubs. By staying focused on specialist markets and streamlining its operations, Towergate has raised its profits 55% a year from £3.2m in 2000 to £11.9m in 2003.

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Company details
CompanyTowergate Insurance
ActivityInsurance underwriter and broker
Annual profit growth55.36%
Latest profits £000s11,887
Latest sales £000s40,743

If applicable:

* supplied by company † annualised figure