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We are delighted to announce that The Qdos Group has been recognised as the private company with the highest profit margin in the UK, in The Sunday Times BDO Profit Track 100.
In addition to placing first thanks to our 51.5% profit margin in 2017, we were also revealed as the UK company with the 55th fastest growing profits in the past three years, with annual growth of 70%.
As the only provider of insurance solutions in The Sunday Times’ 19th annual list, our CEO, Seb Maley, spoke of his pride:
“We’re over the moon at being announced as the private company with the highest profit margin in the UK. Placing first is a huge achievement, and a testament to the entire team’s dedication to providing innovative insurance solutions every day."
He went on to explain that The Group’s success can be attributed to innovation, a lean business model, a low headcount of just 71 expert staff, and rapidly scalable solutions.
“We recognised that to keep pace with the evolving employment landscape, insurance and workplace solutions desperately needed innovating. And so, we invested in researching, developing and building our own solutions, which has contributed to our recent success.
“Our investment and focus on technology has allowed us to maintain a relatively small cost base and headcount whilst driving growth through our online platforms, which we made sure were scalable from the outset.
“As the only insurance provider on the list, we’re thrilled to represent part of the change our industry is currently experiencing - something which will spur us on, as we focus on building smarter, more cost-effective solutions for freelancers, contractors and the companies engaging them.”
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