Employee-owned Thomas Carroll posts turnover growth but investments hit profits
Thomas Carroll has confirmed pre-tax profit dropped from £1.6m in 2024 to £1.3m last year, citing it was driven by a “deliberate and significant investment programme”.
Turnover rose 4% year-on-year to over £16.2m, building on a 7% rise in 2024.
According to the Top 100 UK Broker, the latest increase was due to organic growth across its regional offices and the “effective execution” of the post-Employee Ownership Trust ambitions.
Operationally, we maintain a strong focus on efficiency, governance and regulatory compliance, ensuring our processes and controls evolve alongside the scale and complexity of the business.Rhys Thomas, Thomas Carroll
The business has
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