PH Innovate is proud to announce impressive financial results for the year ending 2024 for our brands Quote Detective, Next Venture Technologies, and Quote the Market, highlighting significant growth and continued success in our operations..
Our total revenue rose from £5.7 million to £7 million, marking an increase of 22.8%. EBITDA also saw substantial growth, soaring from £700,000 to £1.75 million—an impressive increase of 150%.
We are thrilled to report these remarkable figures, which are a testament to our team's hard work and our ongoing investment in technology. This growth wouldn't be possible without the dedication of our staff and the support of our valued partners.
Throughout the year, the group is successfully wrote £30m GWP via PH intermediated business, and £300m written by broker and insurer partners via the NVT platform with plans in place to increase this by 50% over the coming year. This highlights the trust our clients place in our solutions and the value we bring to the industry.
Looking Forward
As we move forward, PH Innovate remains committed to innovation and excellence. With ambitious plans for further investment in technology and a focus on nurturing our talent, we are poised to build on this momentum and achieve even greater success in the years ahead.