Giles cracks open its war chest
Giles Insurance Brokers has borrowed £3m from the Clydesdale Bank to finance its growth strategy. T...
Giles Insurance Brokers has borrowed £3m from the Clydesdale Bank to finance its growth strategy.The broker has already spent half the money, buying Halesowen broker Cottle Passman. Giles plans to focus its growth on the Midlands area, increasing its volume of work from £23m per annum to £35m per annum.
Giles currently has 12 branches, most of which are in West Scotland. The company intends to float by 2004 and be the UK's largest independent broker within a decade.
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