One Broker's profit nearly doubles

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One Broker has reported an 87% increase in profit to £668,901 for the year ended 31 May 2015 (2014: £355,893), according to its profit and loss account. The group, consisting of Norwich-based Knowlden Titlow Insurance Brokers and Cambridge-based NWBIB Insurance Brokers, posted turnover of £4.41m, which is a 78.6% rise compared to £2.47m in the preceding year. Its operating profit increased by 92.2% to £1.06m (2014: £576,091) and its pre-tax profit for the year was £938,632 (2014: £476,971). Tale