Giles - GILES RANKED 9th IN SUNDAY TIMES PROFIT TRACK 100

GILES RANKED 9th IN SUNDAY TIMES PROFIT TRACK 100

9th fastest-growing profits of all UK private companies

Giles Insurance Brokers Ltd (“Giles” or “the Group”), the rapidly expanding independent insurance broker, is pleased to announce achieving 9th place in The Sunday Times PricewaterhouseCoppers Profit Track 100. Earlier this year, Giles were positioned third in the Buyout Track 100 league table in recognition of having the 3rd fastest-growing profits of all UK private-equity backed companies over the previous two years.

The Profit Track 100 league table ranks Britain's fastest-growing private companies by average profit growth over the last three years, and is highly regarded in the business community. During this period Giles’ profits have risen 103% from an annualised £630,000 in 2004 to £5.2m in 2007.

This achievement recognises the significant growth experienced by Giles over the past few years as the business has grown both organically and through acquisitions. Giles has doubled in size every year for the last three years. In 2008, Giles completed 22 acquisitions and continues to consider further acquisitions of top quality regional insurance brokers.

Chris Giles, Chief Executive of Giles commented, “This is an excellent achievement for Giles to be recognised as one of Britain’s best performing private companies. I am very proud of our growth record which is a testament to the commitment of all our staff. Our goal remains to take a lead in consolidating the broking industry and we are working hard to develop the business further in the current market environment.”

ENDS
For more information, please contact:
Citigate Dewe Rogerson
Sarah Gestetner/ Nicola Smith
T: 0207 638 9571

Notes to editors
Giles Insurance Brokers Limited was formed in 1967 and has built a reputation for offering an informed and professional service to industrial, commercial and personal clients throughout the UK.

The company currently employs in excess of 1000 people in offices across the UK, including the major business centres of Glasgow, Leeds, Manchester, Birmingham, Cardiff and London.

With dedicated teams involved in specialist areas of business, Giles Insurance Brokers has been appointed to act as insurance brokers to several professional bodies, trade associations and membership organisations.

Citigate Dewe Rogerson
Sarah Gestetner
Nicola Smith

T: 0207 638 9571