Revenue growth for Seventeen Group
Broker points to organic growth as main driver.
Seventeen Group has reported revenue of £16.4m for the full year 2017 according to a document sent to Insurance Age.
This is compared to revenue of £12.5m in 2016, a year when it saw pre-tax profit fall 30% following investment in the business.
The broker noted that EBITDA increased to £2.32m from £1.58m.
Organic
Of its revenue growth Seventeen, which includes James Hallam and Touchstone Underwriting, said around £500,000 was from acquisitions with the remainder generated by organic growth
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