Leeds-based commercial broker, Gauntlet Group, recorded a 37.5 per cent increase in turnover in the year ending March 31, 2016, pushing it past the £21 million mark for the first time.
This significant growth in Gauntlet’s business was due to two factors: its increasing reputation as the commercial broker that offers innovative and intelligent approaches to risk and the fact it is rapidly becoming the Appointed Representative (AR) network of choice.
Gauntlet added 14 new brokers to its AR network during the same period, thanks to providing the most comprehensive and holistic package of support available to insurance account executives wishing to set up their own insurance business.
ARs joining Gauntlet and trading under their own chosen brand were Damien Mealyer (Positiva Insurance), Andrea Loasby (Aspray Affinity Ltd), Richard Hanson (Hanson Insurance Brokers Ltd), John and Vanessa Pieri (J&V Risk Solutions Ltd), James Miller (Miller Commercial IB Ltd), Rick Matthews (Touchwood Insurance Brokers Ltd), Adam Townley (Townley Insurance Brokers Ltd) & Bill Geelan (WTG (UK) Ltd).
New start-up brokers joined the AR network and elected to trade under the Gauntlet brand were experienced Yorkshire insurance professional Chris Tummons (Gauntlet Wakefield), Mick Cunningham (Gauntlet Eastern Ltd), Phill Knight (Gauntlet Manchester), Matthew Price (Gauntlet Price), well-known niche removals expert, Graham Puddephatt (Gauntlet Relocation) and motor trade specialists Laura Swain and Lorraine Mullins (Gauntlet Elite).
To keep Gauntlet at the forefront of the commercial broking sector, and maintain its reputation as the intelligent broker, training spend in the year ending 31 March, 2016 increased by 372 per cent. This has not only assisted Gauntlet’s growth, but also provided Appointed Representatives with enhanced back office support.
Gauntlet’s growth has continued into 2016 and has resulted in the recruitment of a further 13 employees since the start of January. Job opportunities have been created in administration, sales and sales support and accounts. More employees are due to join Gauntlet this month.
Gauntlet’s managing director Roger Gaunt said: “We are delighted by our unprecedented level of growth since April 2015 and attribute this to the commitment of all of our employees, who have been dedicated to helping us achieve our ambitious targets.
“To assist our growth, but to also assist their personal and career development, we are investing heavily in training. This has already seen some employees gain significant internal promotions, which have been rewards for their hard work.
“Our targets remain stretching and ambitious, but also highly achievable, if we continue to get things right. That means continuously demonstrating the value of our service to our customers and having ambitious insurance professionals grant us the opportunity to demonstrate why we believe we have a peerless package of support and business offer for Appointed Representatives.”