Lark Group sees improved results following Groupama MBO

Graham Lark

In its first set of results since it completed the management buyout of Groupama’s majority shareholding in August last year, the broker also reported a 10.2% jump in turnover, at £23.7m compared with £21.5m the previous year.

And profit before tax increased by 13.1%, from £4.9m to £5.5m.

The group said that the acquisition of Cadogan Hanover Park in September 2011 had contributed 8.1% to the increase in turnover, and 9.5% to the increase in EBITDA, with the rest made up of organic growth.

Graha

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