Global Risk Partners posts £2.7m loss
Results show increase in losses but turnover growth as Margrett says he is "over the moon" about performance.
Insurance investor Global Risk Partners (GRP) has posted a loss after tax of £2.7m for the year ending 31 March 2015 according to results filed at Companies House.
In 2014 the loss after tax was £2.5m.
However, turnover for 2015 leapt to £6.2m from £1.6m in the previous year.
There was also a large increase in administrative expenses from £1.6m in 2014 to £6.7m.
Despite the losses the results noted an improved operating performance with operating losses decreasing to £1.3m (2014: £2.4m).
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