SEIB posts profit and revenue growth for 2017

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SEIB Insurance Brokers has reported a 3% rise in revenue to £9.17m from £8.91m in 2016.

The broker’s profit after tax for 2017 was up by 6% to £2.01m from £1.89m the previous year.

Similarly operating profit increased to £1.83m (2016: £1.77m).

The figures in a filing at Companies House showed that administrative expenses rose 3% to £7.38m with the average monthly number of employees ticking up to 90 during the period from 88 in the prior 12 months.

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