Turnover up and profits surge for MCE in 2017
Broker posted £6.7m turnover increase, pre-tax profit growth of £11.2m and noted it is awaiting the outcome of a tax dispute with HMRC.
MCE Insurance has reported a large uptick in both turnover and profit for the full year ending 31 May 2017.
Turnover at the specialist motorcycle insurance broker rose to £36.2m, up from £29.5m in 2016.
Profit before tax also improved dramatically growing from £1.2m to £12.4m last year.
Similarly profit after tax was north of £10m at £10.2m. A big increase on 2016 where it just grazed the £1m mark (£931,000).
The directors’ report said the improvements were down to “marketing initiatives and
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