Mortgage Advice Bureau revenue up by a third

Ryan Bembridge

January 21, 2016

The Mortgage Advice Bureau generated £75m of revenue in 2015, a third (33%) more than in 2014.

As of December 31 2015 the company had a balance sheet cash position of £14m, while in that period MAB increased its adviser count from 643 to 790.

The brokerage floated on the stock exchange in November 2014.

Peter Brodnicki, chief executive of Mortgage Advice Bureau, said: “I am delighted with our performance in our first full year post IPO.

“This is our seventh consecutive year of strong profit growth, demonstrating our understanding of the market in which we operate and our focus on building a high quality business with sustainable profitability.”

Today the Council of Mortgage Lenders revealed that gross mortgage lending reached £220.3bn in 2015, an 8% increase on 2014’s total of £203.3bn.

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