Profits drop at Alan Boswell in 2019
But turnover increased slightly at the Norwich-based broker.
Alan Boswell Insurance Brokers has reported a drop in pre-tax profit for the year to 31 March 2019.
According to its results, posted on Companies House, the broker’s profit for 2019 was £2.2m, compared to £2.7m in the preceding year.
Turnover rose to £11.3m from £11.0m in 2018, while operating profit also declined slightly from £2.3m in 2018 to £2.1m in 2019.
The business stated in the document that the majority of the drop in profit was due to dividends being paid to the company in the prior
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