Profits fall at Thomas Carroll in 2018

Profits have fallen at Thomas Carroll Group despite an increase in turnover, results for 2018 show.

According to a document filed on Companies House, the firm’s turnover rose from £10.1m in 2017 to £10.4m in 2018.

Turnover increased across all three classes of business at Thomas Carroll: broking, financial advisors, and health and safety. Broking made up £8.1m (78%) of the 2018 total.

However, profits went in the opposite direction. Profit before tax fell from £1.6m in 2017 to £1.3m in 2018.