GRP reports rising Ebitda and GWP
Consolidator also secures £200m of new funding from Ares Capital Europe to make more deals.
Global Risk Partners has posted a 70% rise in Ebitda from £12m in 2016 to £20.4m in 2017, according to its latest trading update.
The broking firm also reported increases in its gross written premium to £550m in 2017 (2016: £400m) and its income to £76m (2016: £45m).
The business’ financial results to the year ended 31 March 2017, showed 141% growth in turnover to £41.2m, compared to the £17.1m it achieved in the preceding year.
Loss
However, the group also posted a pre-tax loss of £11.5m for
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