23 April 2018Nexus handed Sunday Times Profit Track 100 Accolade
The Nexus Group is now part of a prestigious set of the fastest growing private companies in the UK across all sectors.
In accountancy firm BDO’s Profit Track 100 report, which was recently published in the Sunday Times, Nexus was placed 91st in a league table ranking Britain’s private companies with the fastest-growing profits.
Commenting on the listing, Colin Thompson, Group Chief Executive Officer, Nexus Underwriting Management Limited, said,
“This is a very prestigious award and, as you look through the list, you will recognise numerous household names - we are one of two insurance organisations, the other is a broker – and this is a huge credit to all of the hard work that Nexus team deliver day in, day out, as well as confirmation that our business model continues to thrive.
The list, drawn together by comparing the compounded annual profit growth rates over the last three years for all private companies other than the small ones, shows Nexus’ profit to have grown at a rapid annual rate of 56.3% over the past three years. Furthermore, with an operating margin of 42%, we are one of the most efficiently run businesses in this league table.”
The relevant pages from the Sunday Times business section (Nexus is featured on pages 11 & 15) are here: