County Group’s profit surges after acquisition frenzy in 2016
David Clapp CEO said more deals are “in the pipeline over the next few months”.
The County Group has more than doubled profit after tax in the year to 30 September 2016.
Profit after tax rose by 107% to £944,752 (2015: £456,788) which the firm said was driven by a mixture of organic and inorganic growth.
Turnover for the period increased by 33% to £9.29m (2015: £6.98m).
Acquisitions have been part of County’s growth strategy.
The final deal of the financial year was for Staffordshire-based insurance broker G R Plimbley for an undisclosed amount.
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