Deals boost Finch Commercial’s profit and revenue
Company results for the Broker Network owned firm also reveal a £3m loan from parent company.
Finch Commercial’s results have shown increased revenue and profits for the year ended 31 December 2017.
Revenue went up to £5.7m (2016: £2.9m) while profit before tax grew to £2.0m compared to £508,000 the previous year.
The results document also showed that Finch, which became part of Broker Network in 2016, received a loan of £3m from its parent company during the period. When the deal went through managing director Vincent Gardner said it would enable the company to hit the acquisition
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk