Autonet posts £9m profit in 2015

accounting-numbers

The firm saw profit jump some 19 percent last year in the run up to the sale.

Autonet Insurance Services generated an after tax profit of £8.86m for the year ended 31 December 2015, the company said.

The UK based online-focused insurance broker, specialising in van and car insurance, confirmed plans last month that it would sell a majority of the business to Towergate-backer HPS Investment Partners.

Speaking to Insurance Age at the time of the sale, managing director Ian Donaldson hailed the majority purchase. The deal is believed to have been valued at £100m, a figure

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