Thomas Carroll posts revenue growth in landmark employee ownership year

Money

Thomas Carroll grew turnover 1.9% to £14.58m in a “historic year” when it switched to an employee ownership model.

The change, via an employee ownership trust, went through on 8 December 2023, handing over the reins to staff.

A filing at Companies House for Thomas Carroll Group detailed that of the £14.55m transaction, £3.17m was paid on completion and funded by a voluntary contribution by the group.

RelatedThomas Carroll creates Employee Ownership Trust Top 100 UK Brokers 2023: Directory - £10m – 12.5m 

The remainder is expected to be paid by more voluntary contributions over the next nine years.

The move into

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

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

Broking Success: Fiercely independent

Paul Wadsworth, managing director of FR Ball, is looking to grow the business to £24m gross written premiums as it aims to offer soft landings for acquisitions.

Most read articles loading...

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: