Turnover and profits up at Clear Group
Turnover hits £13.9m as the broker continues to find itself at the centre of sale rumours.
Clear Insurance has posted profit before tax of £2.3m for the year ended 31 October 2017 an increase on the £2m achieved in the previous year.
Documents on Companies House showed that turnover also went up to £13.9m from £12.7m in 2016.
The document hightlighted that two acquisitions in December last year, Genavco Insurance and Robert Alexander, were reported to have a combined cost of £3.1m.
They followed the deal in March 2017 to buy MPW Insurance Brokers . This remains Clear’s biggest
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