Oval enjoys 34% profit rise
Oval Insurance Broking saw its profit jump by more than a third to £12.5m for the year ended 31 May 2013, up on the £9.3m recorded the previous year.
According to the broker's annual report lodged at Companies House, Oval's pre-tax profit also increased by 30% to £16.6m from the £12.8m posted in 2012.
Turnover edged up 1% to £78m while administrative costs, excluding the Oval healthcare business, decreased by £1.9m from £53.8m to £51.9m.
In its business review Oval stated: "The main objectives throughout this year have been to win and retain clients, to improve processes and reduce costs where appropriate, to integrate systems and to
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