Ceta posts rising numbers for MBO year
Profit and turnover increase at the broker.
Ceta Insurance has revealed a 12% increase in pre-tax profit for the year ended 30 September 2017.
The rise to £2.48m (2016: £2.21m) came as turnover went up by 13% to £7.35m (2016: £6.52m).
The positive numbers all came in the year that non-executive directors and management undertook a management buyout backed by private equity firm Kester Capital.
The move saw former Swiftcover founder and CEO Andrew Blowers become chairman, John Bibby appointed as CEO as well as James Thomson and Andy
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