Thomas Carroll primed for acquisitions
Rhys Thomas puts profit growth down to a software house change, high retention rates and more new business as he insists the firm is not for sale.
Thomas Carroll group CEO Rhys Thomas has said profit before tax growth in 2016 to £1.5m from £478,614 was down to a “combination of factors”.
He explained: “We have avoided legacy IT costs, retention was good and we’ve had more new business.”
The business also bought Monmouthshire Insurance Services in April last year. Thomas added: “The acquisition was important and that worked well.”
The firm moved on to Acturis in 2015 and the results show the first full year to reflect that change.
Perfo
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