Turnover tops £17m at Bridge but profits slip

arrows

Bridge Insurance Brokers has reported a 16.3% fall in operating profit to £815,408 for the year ended 31 March 2023.

The Manchester-headquartered Top 100 Broker had delivered a 34.2% rise in operating profit in the previous year, when it reached a record £974,614.

A filing at Companies House revealed profit after tax for the latest financial year also fell by 7.3% to £725,806.

However, turnover at Bridge grew by 11% to £17.1m in 2023 from £15.5m in 2022.

This marked continued growth in turnover for the independent business as it rose 5.1% between 2021 and 2022.

£17.1m

Turnover at Bridge grew by 11% to

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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Review of the Year 2023: Acrisure’s Mark McIlquham

In the first of our ‘Review’ series Mark McIlquham, president of Acrisure UK Retail, reflects on whether the 15-year cycle will see a large insurer buy a large broker, and how he’d recast the Barbie film with senior figures from its ‘network dream team’

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: