Oval chief shrugs off falling short of EBITDA target

It comes as Oval Group recorded an encouraging performance in the year to May 2013, with EBITDA pre exceptionals rising to £19.6m - a 10% increase on the £17.7m posted for the previous year. 

Speaking to Insurance Age, Mr Blanc said: "In terms of EBITDA, we said by the end of May we were hoping to have £20m, we are a little bit shy of that but the economy is not exactly in a great place. In the circumstances to grow at all is good and to grow EBITDA is a bloody good result."

Although Oval's net