CBG reports fall in revenue and profit
Manchester-based insurance broker and financial services specialist CBG Group has reported a drop in revenue to £8.96m for 2009 (2008: £11.15) and fall in pre-tax profits to £1.03m (2008: £2.25m).
The full year results come as chairman, Laurie Turnbull, announces his decision to stand down after five years in the role. He will be replaced by non-executive director, Robin Slinger.
In addition, Stuart Mollekin, currently executive director, becomes a non-executive director and Stephen Rees, managing director of the group’s financial services division, is appointed financial services operations director.
The company said it was "confident in its underlying strength and ability to deliver
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