LifeSearch reports record business results

Jessica Nangle

March 2, 2017

LifeSearch announces a 12% increase in turnover to over £25m in its financial results for the year ending August 2016.

The results also showed a 21% increase in gross profit to £6.8m and a 49% increase in earnings before tax to £1.6m.

Tom Baigrie, founder and chief executive of LifeSearch, said: “2016 was another record year for LifeSearch.

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“We expect 2017 to be another year where we increase that number considerably thanks to the strength of our partnerships with key consumer brands including Which?; Moneysupermarket; Compare the Market; Go Compare; and the Lloyds Banking Group.

“We believe the key to delivering great customer outcomes in financial services is to have a truly honest culture that nurtures tolerance and care as well as excellence.

“This year, in contrast to last, we currently see strong growth across the market and the rise of many well managed competitors.”

The results were announced at the 14th annual LifeSearch Protection Awards which celebrates the achievements of the protection providers.

Royal London and AIG were the big winners of the night, scooping six and four awards respectively.

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