Profits and turnover slip at Abbey in 2018

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Carrickfergus-headquartered Abbey Insurance Brokers has reported turnover of £19.33m with profit after tax of £1.07m for the year ended 31 March 2018.

Both figures were down on 2017, by 5% for turnover and by 34% for post-tax profit.

The results represented the final full year ahead of US based private equity firm Capital Z buying 65% of Abbey’s holding company Prestige. That deal completed in October, after the end of the financial year.

Operating profit for the 12 months dropped

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