Lucida posts reduced turnover in year before Moorhouse sale
Top 100 UK broker Lucida has reported a 14.6% fall in turnover to £40.67m, with a mixed picture on profitability across its divisions in 2024, the year before it struck the deal to sell Moorhouse.
The group’s preferred measure of profitability, consolidated Ebitdae, was down year-on-year from £7.3m to £3.94m.
The motor specialist broker bought bike experts Bennetts in 2021.
RelatedLucida keeps turnover stable in 2023 but Ebitdae dips Right Choice to buy Bennetts Atec buys Moorhouse from LucidaBennetts achieved an increase in Ebitdae to £3.8m last year, from £3.5m in 2023, with the owner citing income per policy improvements coupled with lower overhead costs.
Right Choice Insurance Brokers
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