Clear Group 2019 results highlight growth
The business saw improvement across all metrics in the year it bought Morrison Insurance Solutions.
Clear Group has reported a turnover increase to £18.2m (2018: £17.1m) for the full year 2019.
In its results for the year, available on Companies House, the business reported a steady level of administrative expenses of £16.3m (2018: £16.6m) with a sharp increase in profit before tax to £2.0m from £566,000 the previous year.
Operating profits were £1.9m, up from £522,000 in 2018.
M&A
Directors stated in the document that 2019 saw it acquire Morrison Insurance Solutions. This deal will add £3
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