Firm sees improving trends
TOWERGATE INSURANCE, which was founded by entrepreneur Peter Cullum in 1997, grew by acting as an industry consolidator.
In the latest trading update, the chief executive, David Ross, said the company had seen improving revenue trends in its broking and direct divisions over the nine months to September 30. It had secured a “healthy” cash balance of more than £ 84m, Mr Ross added.
John Simpson, the Leedsbased area director, said the company had no official stance on the EU referendum, but he added: “From a personal point of view, I think it’s going to be incredibly close – closer than perhaps anybody thought it might have been when this started.”