Momentum reports first profitable year
Network plans to take on between 10 and 15 new appointed representatives in 2015.
Momentum Broker Solutions has reported a profit of £64,630 for the year ended 30 September 2014.
It is the first time that the business has reached a profit since it was established in 2010.
The network also reported a turnover of £808,098 compared to £562,404 in 2013.
In the previous year to 30 September 2013 the business reported a loss of £20,346, a decrease on the £126,000 it lost in 2012. In 2011 it reported losses of £290,000.
Investment
Momentum's managing director Howard Pepper told Insur
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