Turnover grows but profits slip for Kelliher in 2018
The company blamed lower profits on a costly office move, as salaries increased and the balance of administrative and broking staff is altered.
Profits at Kelliher Insurance Group fell in 2018 despite an increase in turnover.
Turnover at the company grew 4.6%, rising from £14.68m in 2017 to £15.36m in 2018.
However, administrative expenses swelled, rising approximately 10% from £13.45m in 2017 to £14.46m in 2018.
Profit before tax fell from £1.54m in 2017 to £0.91m in 2018.
Report
Reports filed at Companies House detailed the strategy behind the growing turnover: “The business continued to strengthen its operating infrastructure and
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