Profit and turnover up at One Broker as firm eyes acquisitions
One Broker has posted a 21.2% rise in Ebitda to £2.15m in its latest set of annual results driven by schemes success.
The figure for the year ended 31 May 2021, up from £1.77m in 2020, came as turnover also increased to £6.85m from £6.73m in the prior year.
Post-tax profit also leapt year-on-year from £329,807 to £532,319.
In the filing at Companies House the Norwich-headquartered firm noted that the increases were despite the fact that the coronavirus pandemic had “decimated” its foreign language school and and foreign student travel schemes during the period.
The business was also hit by a five-fold
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Brit begins roll out on Acturis as it targets SMEs
Brit Insurance has launched on Acturis as it targets SMEs with cyber cover.
Coversure Network reports record year as it hones in on 40
Jensten-owned Coversure network has opened 12 new offices in the last eight months, ahead of its 40th birthday.
Antares launches MGA platform
Antares Global has set up Scorpius MGA, a facilitator of managing general agent business that offers access to capacity, services and oversight within a single platform.
Bspoke and SchemeServe team-up on digital scheme trading service for brokers
Bspoke Group has launched a white-labelled digital trading capability, designed to give brokers faster, simpler access to scheme ownership.
Markerstudy to sell MGA business with CUO Humphreys poised to exit
Markerstudy Group is set to sell its managing general agent arm to the parent company of insurer Tradex as it focuses on broking, Insurance Age has learned.
Eleven Network adds Acrisure to name in further rebrand
Appointed representatives network Eleven Network has rebranded to Acrisure Eleven Network.
Zurich crowns King head of the North
Andy King has taken on the role of head of regional market for the North at Zurich as it targets adding 15 underwriters across the country this quarter, Insurance Age can reveal.
Commercial Express claims first to market with 24/7 virtual underwriting assistant ‘Jamie’
Commercial Express has claimed to be the first UK managing general agent to deploy a 24/7 virtual underwriting assistant.