Profits fall at Thomas Carroll in 2018
Rising expenses counteracted an increase in turnover.
Profits have fallen at Thomas Carroll Group despite an increase in turnover, results for 2018 show.
According to a document filed on Companies House, the firm’s turnover rose from £10.1m in 2017 to £10.4m in 2018.
Turnover increased across all three classes of business at Thomas Carroll: broking, financial advisors, and health and safety. Broking made up £8.1m (78%) of the 2018 total.
However, profits went in the opposite direction. Profit before tax fell from £1.6m in 2017 to £1.3m in 2018.
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