Tysers reports strong growth in 2011

Strong arming the banks

Revenue grew 6% to £37.6m and pre-tax profit nearly doubled to £5.18m (£2.67m: 2010) while EBITDA rose by 42% to £7.6m (£5.4m: 2010).

Describing the company’s EBITDA as “an excellent performance”, chairman, Christopher Spratt, said that it represented a margin of 20%, up from the previous year’s 15%.

It was, he said, “gratifyingly close to the targets set in the company’s 5-year Strategic Plan at the time of the Tysers management buy-out in 2007.”

Tysers’ CEO, Chris Elliott, added: “Tysers has

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 [email protected].

You are currently unable to copy this content. Please contact [email protected]nsuranceage.co.uk to find out more.

To continue reading...

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: