Higos makes 2016 loss but turnover grows
MD Ian Gosden says more deals are in the pipeline with GRP backing.
Higos Insurance Services has delivered a pre-tax-loss of £4,175 for the year ended 31 December 2016.
According to its financial results, filed at Companies House, this is compared to a pre-tax-profit of £932,261 in 2015.
Managing director Ian Gosden explained that the losses were due to two key factors.
Firstly the broker decided to change its goodwill write off policy. “We reduced it from ten to eight years”, Gosden noted.
Software
He also admitted that
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