Thomas Carroll primed for acquisitions
Rhys Thomas puts profit growth down to a software house change, high retention rates and more new business as he insists the firm is not for sale.
Thomas Carroll group CEO Rhys Thomas has said profit before tax growth in 2016 to £1.5m from £478,614 was down to a “combination of factors”.
He explained: “We have avoided legacy IT costs, retention was good and we’ve had more new business.”
The business also bought Monmouthshire Insurance Services in April last year. Thomas added: “The acquisition was important and that worked well.”
The firm moved on to Acturis in 2015 and the results show the first full year to reflect that change.
Perfo
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.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 info@insuranceage.co.uk
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 info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop