Bike insurance broker Carole Nash achieves 77% profit growth

Classic motorbike and car insurance broker Carole Nash saw its profits and turnover leap last year.

The Altrincham-based company, which marked its 30th anniversary last November, saw its pre-tax profits leap year on year by 77% to £7,033,521.

The firm’s turnover for 2015 hit £26,248,032, up from £22,983,223 the year previous.

Carole Nash also reported growth in policyholder numbers and overall market share, with the business now providing cover for around 25% of all motorcycles registered in the UK.

David Newman, Carole Nash CEO, said: “Between new propositions, multiple award wins and our trading performance, 2015 was undeniably a strong year for us – a very fitting way to celebrate 30 years since Mrs Carole Nash OBE, DL, founded the company.

“We see the sum of our various successes as further evidence that our model, which is based on placing the customer at the core of everything we do, continues to deliver.”

He continued: “Last year saw us introduce our very own Customer Council, unveil two unique new policies in Bikers Only and Rider Cover, and noticeably cut our quote time for customers.

“And it’s especially pleasing to see the efforts of each and every Carole Nash colleague recognized with fantastic customer satisfaction scores – 96% on Reevoo – which really helps contribute to positive outcomes for the business.”

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