Mortgage firm reports ‘strong’ first half of the year

Mortgage Advice Bureau has enjoyed a “strong” first half of the year and is looking ahead to its next phase of growth.

The Derby-based mortgage network and broker generated revenues of £148.2 million in the six months to 30 June, up from £123.9 million in the first half of 2024.

This supported an increase in pre-tax profits from £6.2 million to £9.6 million.

Chief executive Peter Brodnicki said: “Adviser recruitment is accelerating, productivity is rising, and we are evolving our business model with technology and lead generation playing a central role in driving efficiency and future organic revenue growth. “

MAB is now preparing for the “next stage of its journey” with a planned move to the Main Market of the London Stock Exchange in 2026.

Mr Brodnicki said: “This transition is expected to broaden our investor base, enhance our market profile and position the group for its next phase of growth.

“The group continues to trade in line with the board’s expectations and remains well positioned to deliver strong, sustainable shareholder returns over the long term.”