Press Release
Paymentshield Ranked as UK's 58th Fastest Growing Company
Paymentshield, the largest independent supplier of mortgage related general insurance products to the intermediary sector, has been recognised as one of the UK's top 100 fastest growing companies.
Paymentshield was awarded the accolade of 58th fastest growing company as part of the Sunday Times Profit Track 100 survey, which lists the top 100 private firms in the UK with the fastest growing profits.
Since 2004 when CEO, Stuart Pender led the company through a management Buy-in, Paymentshield has implemented an ongoing growth strategy to build upon its position as the largest independent supplier of mortgage related general insurance products to the intermediary sector.
As a result Paymentshield has tripled the number of policies sold in the last three years and recorded profits of £11.5m in 2005. This represents a profit boost of 68% a year, up from £2.4m in 2002.
Stuart Pender comments, "We are delighted to be placed so highly in the league table of fastest growing businesses, which provides recognition of our successful business strategy. It also reflects the hard work undertaken by all staff to achieve such strong performance without sacrificing service levels. We look forward to providing greater returns for 2006 and are aiming to enhance our offering to give an even better service to intermediaries."
For further enquiries call 08450 615 700
-ENDS-
Notes to Editor:
Paymentshield Limited is the largest independent supplier of general insurance products to the mortgage intermediary sector with current new business levels exceeding 25,000 policies a month. Paymentshield only sells through intermediaries and over 27,000 intermediaries have chosen Paymentshield.
For all further enquiries, please contact:
Fiona Kitchin
Head of Marketing
Tel - 0870 351 5878
Mobile - 07989 960 166
E-mail - fiona.kitchin@paymentshield.co.uk
Inez de Koning / Anna Schirmer
Lansons Communications
Tel - 0207 294 3623 / 0207 294 3605
E-mail - inezd@lansons.com / annas@lansons.com