Iprism reduces debt as turnover grows
Operating profit rises at underwriting agency but post-tax profit falls.
Iprism Underwriting Agency has reported a 26.5% increase in turnover to £13.12m (2012: £10.73m) for the year ended 31 December 2013.
The figure released in a filing at Companies House also showed that operating profits increased to £5.52m from £3.85m the year before but that profit after tax dropped to £3.78m (2012: £5.79m).
However the firm, which provides an online trading facility in the commercial sector, highlighted that net debt fell from £9.69m at the start of the year to £4.85m at the
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