Firm sees im­prov­ing trends

Yorkshire Post - Business - - BUSINESS -

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.”

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