It’s been a record-breaking year for brokerage Lycetts Holding Ltd.
The company has seen record revenues and a significant rise in profits – results it attributes to its investments across its operations, infrastructure and with the talent in the business.
Pre-tax profits for the firm hit £1.29 million – that’s a leap of £1.51 million compared to the prior year. Meanwhile, turnover rose to £22.7 million, an increase from £21.6 million a year earlier.
“This strong set of results was achieved against the backdrop of widespread business uncertainty and a weak growth rate for the wider UK economy,” said Charles Foster (pictured), Lycetts CEO.
“Our clients have faced a great many challenges, and continue to do so in the wake of the coronavirus pandemic. But we have continued to deliver on our core principles of professional integrity and exceptional service standards, helping to provide security and reassurance during these testing times.
“Our commitment to identifying and recruiting top industry talent, while nurturing the professional and personal development of all employees, has remained resolute.
“In addition, a new IT infrastructure paved the way for significant, group-wide productivity gains by streamlining our operations and enabling us to respond more dynamically to changing customer needs.”
Among the changes the company has implemented have been a “strategic restructuring” that has involved creating a single insurance division rather than separate departments for commercial and private clients. It also completed a swoop for Robertson-McIsaac last year.
“We will continue to pursue a balanced strategy of organic growth and targeted, value-adding acquisitions that align with our brand values and corporate culture,” added Foster.
