Newcastle law firm Winn Group has announced plans to create more than 150 new jobs on the back of “exceptional” growth to more than £234m turnover.
The Byker based business, which currently has 535 staff, has issued its accounts for the year ended March 31, showing a 139% rise in revenue from £98m to £235m, while operating profit also soared from £14.5m to £23m. Ebitda growth was also strong at £24.7m, up from £15.8m, and overall profit for the year came in at £16.1m, a significant jump on the previous year’s £10.2m.
The company said the growth has been driven by higher volumes of business as the claims management industry contracts, as well as market driven increases in the cost of vehicle repair and hire charges. Looking ahead, the group is targeting organic growth but has not turned its back on acquisition opportunities.
