Lucida posts rising revenue for 2021 after string of takeovers
Lucida Broking Holdings has reported a 28% increase in revenue for 2021 to £39.28m across broking, underwriting and the provision of services to the insurance sector.
Within this income from broking was up year-on-year from £28.22m to £36.52m.
The holding company rebranded from Right Choice Holdings – trading brand Right Choice Insurance Brokers was kept – and snapped up Moorhouse and Bennetts in 2021. RCIB also bought motor brands including Autosaint, Ladybird and First Van from Fresh Insurance Services Group during the year.
A filing at Companies House detailed that motorcycle specialist Bennetts cost £23.55m. However, due to “cash and cash equivalents
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