Swinton reveals £32m loss for 2017
Turnover also dipped at the broker, which is set to be bought by Ardonagh, as number of live policies fell to 1.6m.
Swinton has reported a pre-tax loss of £31.7m for the year ended 31 December 2017 (2016: profit of £13.1m).
According to a document filed on Companies House, the broker also posted an operating loss of £31.4m in 2017, which is a significant fall from the £14.9m operating profit it achieved in the preceding year.
Its turnover also fell to £168.8m in 2017 from £222.8m in 2016, while the number of live policies fell to 1.6m (2016: 2.1m).
According to Swinton its average monthly number of full
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