Profits and turnover up at Grove & Dean
Broker says it is seeing a return on its investment in technology.
Pre-tax profit at personal lines broker Grove & Dean grew by a third to £846,453 in 2017.
The Romford-based firm, which has specialisms in niche and non-standard markets as well as motor sport offering, reported that in the year to 31 May Ebitda “commensurately increased” to £1.08m (2016: £887,861).
A filing at Companies House also revealed that the motor broker achieved a 5.3% rise in turnover to £12.3m (2016: £11.7m).
The average number of employees at the business was stable for the period
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