Jensten reports loss in first full year results
The figures follow the management buy-out and include all areas of the business formerly known as Coversure.
Jensten Group, which was created following a management buyout and subsequent rebrand by Coversure directors, has posted its first full year set of results.
The numbers for the holding company show turnover of £17.9m for the year ending 31 March 2020.
Gross profit was £12.8m but administrative expenses hit £16.1m. Taking into account a £327,000 boost from ‘other income’ the business made an operating loss of £2.9m.
Further to that, interest payable and expenses of £6.8m led to a loss before
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