Brightside losses flat at £10m in 2018
CEO Brendan McCafferty says business is set to invest as it reports growth in adjusted Ebitda, broking revenue and GWP.
Brightside Group has posted a loss before tax of £10.3m for the year ended 31 December 2018, remaining relatively flat compared to the £10.2m loss reported for 2017.
Total revenue for the year was down by 17% to £36.1m (2017: £42.1m), which the broker said was a result of a restructure in its medical reporting business, Injury QED (IQED).
The adjusted Ebitda for the whole group was £5.6m, up slightly from the £5.1m reported in 2017.
A breakdown of the revenue figure showed that the broking
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