Insurance Age

Romero reports increase in profits

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    • Bryony Waite

    • Indicative reading time: 1 minute

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Turnover also rises for Leeds-based broker.

Romero Insurance Brokers has seen their profits rise as they released details of accounts for the last financial year.

For the year ended 30 April 2014, the company's turnover rose to £5.38m, up from £4.56m in 2013.

According to the document filed at Companies House, the broker's post-tax profit for the year increased by almost 16%, rising from £264,534 in 2013 to £305,965.

Along with the growth in turnover and profit, the report also revealed that the Leeds-based business hired 12 extra staff

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