Profit jumps at MCE
Broker reveals increase in turnover for 2014.
MCE Insurance has increased its profit to £46,863 for 2014, up from £4,249 in 2013.
The motorcycle specialist broker revealed a turnover of £23.5m for the financial year ended 31 May 2014, compared with £23.13m in the preceding year.
However, the firm saw its operating profit fall to £770 in 2014 from £59,079 in 2013.
Challenges
In the directors' report MCE admitted it had faced a number of market challenges over the year, but highlighted that it had a "positive future outlook" for the company.
"
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
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint