Profits soar at Broker Network
The Broker Network has more than doubled its profits before tax to £2.4m, compared to £1.3m last yea...
The Broker Network has more than doubled its profits before tax to £2.4m, compared to £1.3m last year. The result marks an 83% increase for the year ending 30 April over the past year.
A spokesman said the Broker Network now controls over £400m of gross written premium. The year included the £12.5m acquisition of Towry Law Insurance Brokers, now called TL Risk Solutions, which joined the retail operation Broker Network Insurance Brokers.
After tax, goodwill and amortisation BNIB made a loss of
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