Profits soar at Bollington in 2016
Broker’s turnover jumps to £12.7m.
Bollington Insurance Brokers has posted a post-tax profit of £1.29m for the full year 2016, up 54% on the £837,459 achieved in 2015.
A filing at Companies Housed showed that operating profit was similarly improved in 2016 to £1.5m (2015: £969,541).
It marks a continuing return to form for the firm which delivered £1.1m of post-tax profit in 2014 after a loss in 2013.
The result came as turnover rose by 6.9% to £12.7m (2015: £11.9m).
Improved performance
The directors reported in a statement
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