![Insurance Age](https://www.insuranceage.co.uk/sites/default/files/styles/print_logo/public/2021-11/print-logo.png?itok=F0kVQKky)
Academy turnover dipped in run-up to Blixt buy
![Big losses see Amazons shares hit 12-month low Big losses see Amazons shares hit 12-month low](/sites/default/files/styles/landscape_750_463/public/article_copied_files/down-arrows1-580x358.png.webp?itok=rD9WxrLS)
Academy Insurance Services’ turnover and profitability fell in the run-up to being bought by private equity house Blixt, according to a filing at Companies House.
Revenue dropped 4.2%, to £9.67m, in the year ended 30 June 2023, the second annual fall in a row.
Profit after tax was also down for the second time, from £1.5m to £1.34m, as staff numbers dropped by six to 116 people.
At the time, the Top 100 Broker was predominantly a personal lines player.
It had long been touted for a sale, which eventually went through to Blixt, coinciding with the end of Academy’s financial year.
The deal saw ex-Swinton boss Gilles Normand and Richard Beaven join the business
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk