Saffron posts results for year to Broker Network takeover
Turnover and profit drop at the broker.
Saffron Insurance Services has posted a 4% drop in turnover for the year ended 31 December 2017.
The decline to £6.83m had a knock on effect for operating and post-tax profit.
The latter fell from £1.15m in 2016 to £224,755 last year.
Organic
In a filing at Companies House the directors reported that the decrease in turnover was due to “difficult market conditions”.
The statement continued: “The directors consider that the company is well placed to take advantage of further opportunities to
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