Turnover and profit down at Moorhouse in 2017
Group hit by loss of MGA capacity in November 2016.
Turnover at Caerphilly-headquartered Moorhouse Group dropped by 30% in the year ended 30 September 2017, according to figures filed by the firm at Companies House.
The drop from £10.77m to £7.5m knocked on to a 16% fall in post-tax profit which came in at £500,000 (2016: £595,000).
In November 2016 Danish insurer Qudos ended its motor trade and commercial vehicles capacity deals with Moorhouse managing general agent Xbroker.
The group highlighted in its report that a loss of capacity had
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