Abbey returns to profit
The accounts for 2017 reveal turnover of £20.4m and profit after tax of £1.6m reversing a loss in 2016.
Abbey Insurance Brokers reported turnover of £20.4m for the year ended 31 March 2017 and operating profit of £2.7m.
This compares to turnover of £12.1m in 2016 and operating profit of £407,000.
Figures from the filing at Companies House also showed that profit after tax was £1.6m for 2017 compared to a £15,000 loss in the prior year.
Ebitda before exceptional expenditure also increased from £2.3m in 2016 to £5.1m last year.
Growth
In addition, the number of employees grew from 239 to 381
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