Swinton is closing 130 branches in response to changing customer behaviour, but many brokers believe there is still life in the high-street model.
Brokers have underlined that customer behaviour is changing as they reacted to the news from Swinton that the firm plans to close 130 of its 325 branches by mid-2017. However, while acknowledging declining...
Losses have decreased compared to the same period in 2015.
Deal includes all motor and non motor products as well as its schemes business.
CFO Mark Mugge says the broker is “building a business for the long term” and has returned to profitability.
Consolidator reports 7% fall in income for six months.