Oval chief eyes breaking £20m Ebitdae barrier
Oval chief executive Peter Blanc has set his sights on exceeding the £20m Ebitdae mark next year with the use of "one or two" well-placed acquisitions.
The broker has been buoyed after posting an encouraging set of financial figures for the year ended 31 May 2012.
After taking account of exceptional one-off items such as restructuring costs incurred in the year, the underlying profitability of the group (Ebitdae) grew by 16% to £17.7m (2011: £15.3m).
And Mr Blanc remains focused on surpassing this in a year's time. "I would dearly like to get it to £19.5m Ebitdae on an organic basis," he told Insurance Age.
"But I would really love this to be
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