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• 09-02-09 GILES RANKED THIRD IN SUNDAY TIMES
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GILES RANKED THIRD IN SUNDAY TIMES

3rd fastest-growing profits of all UK private equity-backed companies

Giles Insurance Brokers Ltd ("Giles" or "the Group"), the rapidly expanding independent insurance broker, is pleased to announce achieving third place in the Sunday Times Buyout Track 100.

The Buyout Track 100 league table ranks Britain's top 100 private equity-backed companies with the fastest-growing profits over the last two years and is well regarded across the business arena. During this period Giles’ profits have risen 116% a year from £1.4m in 2005 to £6.3m in 2007.

This achievement recognises the successful organic growth and acquisition programme implemented by management which has resulted in Giles doubling in size every year for the last three years. In March 2008, Charterhouse Capital Partners backed the Group and provided further significant capital for expansion. In total 22 acquisitions have been completed since Spring 2008 enabling the business to grow both nationally and across its product and service offering.

Chris Giles, Chief Executive of Giles commented, "This is a fantastic achievement for Giles and testament to the commitment of all our staff. I am very proud of our growth record. Our goal remains to take a lead in consolidating the broking industry and we will work hard to develop the business further during the current economic environment."

ENDS

For more information, please contact:

Citigate Dewe Rogerson

Sarah Gestetner

T: 0207 638 9571

Notes to editors

Giles Insurance Brokers Limited was formed in 1967 and has built a reputation for offering an informed and professional service to industrial, commercial and personal clients throughout the UK.

The company currently employs in excess of 1000 people in offices across the UK, including the major business centres of Glasgow, Leeds, Manchester, Birmingham, Cardiff and London.

With dedicated teams involved in specialist areas of business, Giles Insurance Brokers has been appointed to act as insurance brokers to several professional bodies, trade associations and membership organisations.

Joanne Russell
Marketing Manager

Tel: 0113 388 2681
Fax: 0870 4009402