Insurance Age

GRP reaffirms acquisition strategy despite £17.9m loss

up-down-arrow
  • LinkedIn  
  • Save this article
  • Print this page  
0 Comments

GRP has posted a loss before tax of £17.9m for the year ending 31 March 2019.

The figure is an improvement from the £20.1m loss reported over 2017-18.

The company blamed the figure on the accounting treatment of GRP’s financing costs, amortisation of goodwill, and acquisition costs.

Turnover grew 48% from £75.9m to £112.1m over the period. Operating profit at GRP rose 173% from £10.2m to £27.8m.

Peter Cullum, chairman at GRP, commented: “We are now one of the UK’s leading SME focused

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 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]

To continue reading...

More on Broker

Podcast

Most read

  1. Grumpy Old Insurance Execs: Bunker, Cooter, Hanks and Smith on trading through a hard market
  2. Hiscox COR soars to 114.6% and losses hit $138.9m
  3. BI court case judges aiming for draft judgment in mid-September
  4. Aston Lark buys PHM
  5. UK Broker Awards – Meet the Shortlist – Broker of the Year
  6. People Moves: Round-up 3 - 7 August 2020
  7. RSA posts drop in premium in H1 2020

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: