MAB increases adviser numbers by 25%
Mortgage Advice Bureau increased adviser numbers to 790 in 2015, a rise of 156, or 25%, since last year end.
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In its pre-close trading update, MAB also announced revenue of £75m for the year ended 31 December 2015, representing a 33% increase.
At 31 December 2015, the Company had a balance sheet cash position of £14m, including over £8m of unrestricted cash balances.
The group will publish its final results on 22 March 2016.
Peter Brodnicki, CEO 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."
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