Barbon delivers over £11m profit in second year of growth
Barbon Insurance Group recorded a pre-tax profit of over £11m based on a 4% increase in turnover in 2010, its second successive year of growth.
Overall turnover rose to £53.5m and the company reported an EBITDA, pre exceptional, of £15.2m, up 18% on 2009. The company did not report profit after tax.
On its property and commercial division, Barbon would only say that it saw an “increase in renewals emphasising the excellent customer loyalty Barbon has achieved against a background of margin pressure from insurers, clients and increasingly active competitors”.
It added that income growth remained strong and that “an increased focus on
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