Towergate bondholder report reveals increasing losses along with acquisition costs
In the bondholder report group turnover for the comparable periods rose to £107.3m from £103.8m in the first three months of 2012.
Ebitda was broadly flat at £34.3m (Q1 2012: £34.2m) as net borrowings increased to £893.3m on 31 March 2013, from £856.7m at the same time in 2012.
Acquisitions
The document also detailed that the group made five acquisitions in the quarter - four companies and a portfolio of business for a total cost of £9.5m.
In another section of the report, Towergate detailed that
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected].co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Insurers urged to pay claims quickly following BI ruling
- Supreme Court rejects insurers' appeals in BI test case judgment
- BI test case: Brokers buried under avalanche as clients clamour to claim
- Analysis: Gaps in the market
- Blog: Why the BI ruling offers brokers the perfect opportunity to show their mettle
- Test case insurers promise action after Supreme Court defeat
- US giant, AssuredPartners, plans to double UK turnover as it hits M&A trail