Endsleigh still under pressure
Zurich-owned broker sees profits rise but for the third year running declines to pay dividend.
Endsleigh saw an increase in turnover and profit for the year ended 31 December 2014 but directors said the business remained "under pressure as margins are eroded by competition".
Despite this Endsleigh reported a rise in turnover to £66.4m (2013:£58.8m) and growth in profit from £3.5m to £5.8m.
Ebitda, which the broker sees as a key performance indicator, also increased from £12.5m in 2013 to £14.8m.
The broker commented that this measure increased due to a rise in sales partially offset by
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