Carole Nash reveals robust 2011 profits despite "economic squeeze"
Carole Nash has posted rising pre-tax profits and turnover for the year ended 31 December.
The Altrincham-based broker said that pre-tax profits edged up to £5.93m (FY 2010: £5.86m) while turnover also crept up to £25m (FY 2010: £23.83m).
The motorcycle insurance specialist welcomed the results in what it defined as the current "sluggish economy" and highlighted that much of the UK was having to cut back on leisure pursuits amid falling disposable incomes.
"The economy has presented, and continues to present, particular challenges to the business," said chief executive David Newman.
"
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop