Slight profit fall for Carole Nash in 2016

Market moves

Turnover was up to £27.5m for the full year from £26.4m in 2015.

Specialist motorcycle broker Carole Nash has reported increased turnover but marginally reduced profits for the year ended 31 December 2016.

Turnover was up to £27.6m (2015: £26.4m) but profit before tax fell very slightly to £6.99m from £7.03m the previous year.

Profit after tax was broadly stable at £5.59m (2015: £5.65m).

The results also noted that the broking income was £24.5m an increase on the £23.2m posted a year earlier.

Expenses grew to £21.7m from £20.5 in 2015.

Retention
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