Profits jump for HomeServe
Home repairs giant HomeServe saw profits jump by 19 per cent to £98.3 million in its last financial year.
The group, which has its headquarters in Walsall, saw revenue rise by 24 per cent to £785m in the year to the end of March.
The total number of customers served by HomeServe was also up by 11 per cent to 7.8 million.
There was strong momentum across the group, with a record performance in North America where it is expanding rapidly. In France customer numbers were up four per cent and Spain was ahead by seven per cent.
Chief executive Richard Harpin said: "It has been a very good year for HomeServe with all of our businesses performing well. In North America we had a transformational year, achieving the 3m customer milestone and signing 100 new partners. The acquisition of Utility Service Partners has accelerated our progress in this large and important market."
He added that HomeServe was focused on developing an online platform to connect a wider customer demographic to a broader range of expert tradespeople.
