Clark Thomson profits double as it sets Marsh integration date
Broker’s trade and assets will be integrated as part of Marsh in April or May 2020.
Profits at Clark Thomson grew by 115% in 2019, results filed on Companies House have revealed.
Profit before tax at the Marsh-owned Scottish broker rose from £862,000 in 2018 to £1.85m in 2019.
The increase was mainly driven by falling expenses, as turnover dipped slightly over the same period.
Turnover fell 1% from £12.18m to £12.00m, and administrative expenses fell 10% from £11.36m to £10.22m.
The reporting period for 2018 was the 13 months to 30 April 2018, with the 2019 results covering
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