ULR Additions returns to profit and doubles turnover
ULR Additions has reported a £2.7m pre-tax profit for 2011, up £6.1m on its 2010 performance.
Turnover increased by almost 100%, going from £15.9m in 2010 to £30.8m last year, and sales of insurance policies increased by 77% to over 3.29 million.
The add-on insurance provider handled 130,000 claims in 2011, compared with 63,554 in 2010.
Rob Kay, CEO of ULR Additions, said: “This is a very strong set of results following a year of very hard work from the team. We’ve nearly doubled our turnover and returned to profit with a very healthy increase in sales of our core products and other add
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