Cowens Group Celebrates 50th Anniversary with Boost in Profits

The company was founded in Mansfield by Slav Kuchta and Bob Cowen in 1973 as an insurance broker, and now, 50 years on, it offers financial planning, mortgage solutions and employee benefits services, boasting over 70 employees across three sites.

After rapid business expansion since 2019 including the launch of it’s new Xpress Cover offering, Cowens enters into it’s anniversary year stronger than ever; increasing it’s profits by almost a quarter during the last year, despite the current economic climate.

The business’ team and its clients now look forward to a calendar full of celebrations to mark its 50th year trading, with an afternoon tea in aid of The John Eastwood Hospice, The British Heart Foundation, Cancer Research and the NSPCC.

Paul Chaplin, CEO of Cowens Group, said: “We are delighted to be celebrating the huge landmark that is our 50th anniversary this year. When Slav and Bob chose Mansfield on the map to open an office, they founded a company that is truly unique and so special to us all. We have many employees who have been with us for twenty or thirty years, with our  two longest standing employees celebrating their 39th anniversary this year. I think this is testament to the team we have built and the trusted, independent services we provide.

“All four of the businesses under the Cowens Group umbrella have enjoyed great success recently and the increase in our profits is proof of that. We are, of course, cautious in the current economic climate but we are confident in our team, our customer service and our products, and look forward to growing even further this year.”

The positive start to 2023 comes after a run of recent award wins for Cowens Group, including ‘Business of the Year’ at The Mansfield and Ashfield 2020 Business Awards last year, the 2022 Investors in People Gold Award and The UNA Achievement Award for Director, Declan Shaw in 2021. The business has also just expanded its Board with the appointment of three new Directors, who have been promoted from within the team.

Paul continued: “The recent changes to our business structure reflect our need to future-proof our offering for the next 50 years. I believe these new Board appointments will further strengthen our position in continuing to deliver high quality, impartial advice and insurance products into the future, with the clients’ best interests at the centre of everything we do.

“We’re looking forward to the itinerary of events we have planned for all of our employees and clients over the next 12 months, raising some funds for charity and consolidating our success so far. Here’s to the next 50!”