Right Choice posts turnover rise for 2019
CFO Mark Mugge says specialist motor broker is gearing up to make acquisitions and predicts the personal lines sector will see rate increases as a result of the pandemic.
Right Choice Insurance Brokers (RCIB) has posted a rise in turnover for the full year 2019.
According to a document filed on Companies House, the broker’s turnover was £30.39m in 2019, up from £27.99m in the preceding year.
In addition, gross profit grew to £24.85m in 2019 (2018: £22.63m), while operating profit fell to £6.31m (2018: £7.46m).
The average number of employees was 353 in 2019, up from 336 in the preceding year.
The broker further reported an increase in administrative expenses
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