Another set of excellent results says MAB

Mortgage Advice Bureau today  announced their interim results for the six months ended 30 June 2017. Revenue up 15% to £49.6m  with gross profit up 20% to £12.0m.

Market share was up 10% to 4.4% with gross mortgage lending up 9% to £5.2bn.

Peter Brodnicki, Chief Executive commented: 

“I am delighted to report another set of excellent results, with profit before tax up 19%, improved margins and market share increasing by 10% compared to the same period last year.  We also continue to enjoy a strong financial position.

“MAB has never been better positioned in terms of the quality of distribution that we continue to attract, the calibre and breadth of the management team that we have strengthened, and the fast pace of fintech developments that we are achieving.

“Our strategy is designed to deliver speed, ease and convenience which will further enhance our customer, AR, and adviser propositions. In an ever-evolving world of digitisation, MAB’s goal is to combine the very best of digital customer solutions, telephony and face to face advice with the customer in control of how they research, receive advice and transact.  This will enable us to continue growing our market share, whilst leading the evolution of intermediary distribution that we expect to see over the next five years.”

Publication of full interim results for the six months ended 30 June 2017 can be viewed at MAB Investor Relations

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

How good is the Karcher K2 Pressure Washer
Software & Tech

The Importance of Using the Correct Parts and Safety Measures in Mechanical Operations

Mechanical operations involve complex machinery and equipment that require precision, durability, and strict safety protocols. Whether working in manufacturing, automotive repair, or industrial maintenance, using the right components—such as a choke cable, Numatic spare parts, or implementing safety measures like a retractable barrier—is crucial for operational efficiency and accident prevention. This article explores the significance…
Read More
Breaking News

Breaking Property News 10/03/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   The Guild of Property Professionals announces Guild 365: A faster, smarter AML solution and consumer onboarding App The Guild of Property Professionals is proud to announce that its Members now have access to an AML solution and consumer onboarding app, Guild 365. Developed by…
Read More
Breaking News

UK Government must consider ‘unintended consequences’ of High Street Rental Auction powers

UK Government must consider ‘unintended consequences’ of High Street Rental Auction powers, NAEA Propertymark Commercial Advisory Panel suggests The ‘unintended consequences’ of High Street Rental Auction powers given to local councils must be considered by the UK Government, the NAEA Propertymark Commercial Advisory Panel has suggested. The Ministry of Housing, Communities, and Local Government (MHLCG)…
Read More
Planning disputes on new build land
Breaking News

Ministers could slash the number of official bodies that get a say in planning decisions in a drive to cut red tape.

As part of the Government’s pledge to build 1.5 million homes this Parliament, it will aim to cut red tape by consulting on removing a number of official bodies that have a say in planning decisions. The consultation will include removing Sport England, the Theatres Trust and the Garden History Society from the list of…
Read More
Breaking News

Zoopla unveils new CEO and strengthens leadership team

Zoopla, one of the UK’s leading property websites, is pleased to announce the appointment of Paul Whitehead as Chief Executive Officer, alongside a number of other changes to strengthen its leadership team, including the appointment of Sam Fletcher as Chief Finance Officer. Paul rejoins Zoopla having previously served as its Chief Strategy Officer. Over the…
Read More
Commercial Agent Talk

The Advanced Power Decoration Solution | How Waterproof Powerstation Differs from Conventional Generator

Arranging an event or activity to commemorate a particular occasion requires a peaceful and calm environment. Continuous electric supply is an essential requirement for conducting the event or program. Traditional power generators are noisy, smoky, and vibrating, disturbing the overall activity. Undoubtedly, eco-friendly, noise-free, and reliable industrial power station will be ideal to fulfill the…
Read More