Profits fall at Clear Group in 2018
Clear Insurance Management has revealed a profit before tax of £742,485 for the year to 31 October 2018, a decrease of 67% from last year’s figure.
The firm’s documents, posted on Companies House, also showed that the broker’s operating profit fell by 69% to £698,431 from £2.2m in 2017.
However, its turnover rose by 24% compared to the previous year, from £14m in 2017 to £17.3m in 2018.
Acquisitions
The broker said that of this rise in turnover, £1.8m stemmed from its integration of brokers
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Broker
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- PIB sold to Apax funds
- FCA orders insurers to pay claims swiftly following Supreme Court ruling
- Aviva confirms office closures amid restructure
- Blog: Professional indemnity - Was 2020 the eye of the storm?
- Aviva’s Patrick Tiernan moves to Lloyd’s
- GRP-owned Premier Choice Healthcare makes first deal
- Blog: The broker fallout from the Supreme Court BI ruling