Complete Cover Group’s profits dip amid transformation
Profits slip but income is steady and operating profit almost doubles as report flags the business’s £50m Abacai launch and acquisition of broker Dayinsure.
Complete Cover Group has reported a pre-tax profit of £53,000 for the year ended 31 December 2020, down from £228,000 in 2019.
The company saw post-tax loss of £191,000 for the financial year ended 31 December 2020, compared to the previous year, when the business saw its profits after tax hit £697,000.
The company highlighted that 2020 was a “transformational year” with £421,000 of exceptional restructuring costs. It was also impacted by the ongoing Covid-19 pandemic.
Exits
During the year
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