Insurance Age

Academy pre-tax profit rises 31% to £1.8m

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    • Larry Ferguson

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Turnover also increases by 5% to £9.1m for the year to the end of June 2015.

Academy Insurance Services made a pre-tax profit of £1.8m for the year to the end of June 2015 representing a 31% rise on the £1.4m it posted in the previous financial period.

The broker's turnover of £9.1m last year was also up by 5% from the £8.6m it recorded in 2014.

In its strategic report the company noted it achieved turnover growth despite difficult market conditions and attributed that to strict cost disciplines despite rising overheads.

"The domestic insurance market is continuing to

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