Autonet reports £5m jump in turnover
Autonet Insurance Services has reported a turnover of £25.4m for 2011, compared to £19.8m for the year before.
Operating profit also improved, from £4.2m to £7.6m.
The broker increased its staff numbers, adding 40 new employees between 2010 and 2011, bringing the total to 467.
Directors’ remuneration also grew by 90%, from £28,719 to £54,651.
The company directors stated: “Autonet had another excellent year in 2011 with a gross written premium of £89m, an increase of 27% on 2010.
“Again growth was achieved despite the ongoing general downturn in the UK economy.”
They added: “The company has continued to
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