MAB looks to future after strong year

Mortgage Advice Bureau has filed results which show strong financial growth.

The company, which has been listed on AIM for more than a decade, has reported revenues of £266.5m in the year to 31 December 2024, up from £239.5m in 2023.

Pre-tax profits jumped from £16.1m to £22.8m, while adjusted operating profits increased by 38 per cent to £32m.

Gross mortgage completions were up 3.9 per cent to £26.1bn, with MAB adding that the market share of new mortgage lending rose from 8.3 to 8.4 per cent.

Chief executive Peter Brodnicki said: “The board is now evaluating the potential transition to the Main Market of the London Stock Exchange, which should provide access to a broader investor base and further enhance the group’s market profile.”