Mortgage Advice Bureau (MAB) is targeting entry to the FTSE 250 after joining the main market of the London Stock Exchange today.
The mortgage and protection intermediary and network left the Alternative Investment Market (AIM) where it had been listed for more than a decade with trading in shares starting at 8am.
In a statement marketing the move, MAB CEO Peter Brodnicki said the firm was now building towards admission to the FTSE 250 “over time”.
“Admission to the main market marks an important milestone in MAB’s development, reflecting the scale, quality and maturity of the business we have built since joining AIM in 2014,” Brodnicki said.
“Our reach now spans estate agency, new build, major national digital lead sources, and engagement with customers at an earlier stage of the home-moving journey.
“Our proposition is underpinned by a proprietary technology platform, with AI increasingly acting as a significant enabler, and a unique dataset built over 25 years of customer interactions.
“Together, these capabilities support strong and resilient lead flow across economic cycles and reinforce our position as a leading, tech-enabled intermediary platform.”
On the future plans, Brodnicki added: “We believe admission to the main market is a natural progression for a business of our scale and ambition, enhancing our profile and providing access to a broader pool of investors, with the ambition of meeting the criteria for inclusion in the FTSE 250 index over time.”
In 2025, MAB saw its protection revenue increase by more than 13% to break the £100m mark with sales up 7%. It earned £102.7m in pure protection commission last year, up 13.5% from £90.5m in 2024.
MAB has more than 2,100 advisers through its appointed representative (AR) network and in April bought consumer platform HomeOwners Alliance for around £1.4m.
Earlier this week a trading update noted mortgage applications in the first 16 weeks of 2026 were 19% higher year-on-year.
It highlighted that notwithstanding macroeconomic uncertainty relating to the situation in the Middle East, refinancing activity was “expected to remain robust through the remainder of 2026 and the business well placed to deliver further profitable growth”.
