- Home
- Personal
- Business
- Contact Us
- Get A Quote
- FAQs
- Make a Claim
- Upload Documents
- Blog
- Careers
- About Us
Personal Products
- Motorbike
- Car
-
Car Insurance
-
Classic Car Insurance
-
Temporary Car Insurance
-
High Performance Car Insurance
-
Prestige Car Insurance
-
Learner Driver Insurance
-
Multi Car Insurance
-
Specialist Vehicle Insurance
-
Kit & Replica Car Insurance
-
Private Car Insurance
-
Multi-vehicle Insurance
-
Convicted Driver Insurance
-
Impound Car Insurance
-
Specialist Multi-Vehicle Insurance
-
SORN Insurance
-
- Van
- Motorhome
- Multi Vehicle
- Minibus
- Specialist
- Home
- Additional
- Travel
- Caravan
Profits surge as group prepares for major growth
Posted on Jun 25, 2026
We're delighted to report that Principal Insurance saw post-tax profits surge by 16.5% to £812,113 (£697,137) for the 2024-25 financial year (ended 31 October 2025).
We also recorded a 15% rise in EBITDA to £710,000 (£617,000), with turnover rising 4.4% to just under £7m (£6,952,365).
The figures exclude earnings from the acquisition of Lancaster-based Peart Performance Marque Limited from administration, a deal which completed on the final day of the group’s financial year.
Since then we have also acquired Europa Group, the Bristol-based broker best known for its long-established MotorCycle Direct brand. That transaction also included Europa Underwriting which trades under the Ridersure wholesale brand.
Commenting on the results managing director Dave Bowcock, pictured above, commented: “The figures for our last financial year are more than satisfactory, driven by growth across our portfolio, but with our motorhome and fleet segments performing particularly strongly.
“However, recent acquisitions, most notably that of Europa Group, are set to drive much more significant growth as we further increase our share of the motorcycle insurance market and benefit from the synergies of integration.”
Financed exclusively through shareholder funds, the Europa deal means Principal now serves more than 125,000 policyholders and generates over £60 million in annual gross written premium.
It has also seen us claim a place among the UK’s top five motorcycle insurance brokers. We predict we will secure similar placings in the motorhome and courier insurance rankings by the end of our 26-27 financial year.
We have also signalled our appetite for further acquisitions. “Not only are we hungry to finalise more deals, we have the funds ready and waiting to support a targeted buy and build strategy,” confirmed Mr. Bowcock.
Founded by Dave Bowcock as a specialist motorcycle insurance broker in 2011, Principal has since diversified to embrace a range of specialist segments within the personal and commercial insurance sectors.
We now employ around 120 staff at our headquarters in Sale, Manchester and offices in Bradley Stoke, Bristol.
Recent News
