Turnover tops £17m at Bridge but profits slip
Bridge Insurance Brokers has reported a 16.3% fall in operating profit to £815,408 for the year ended 31 March 2023.
The Manchester-headquartered Top 100 Broker had delivered a 34.2% rise in operating profit in the previous year, when it reached a record £974,614.
A filing at Companies House revealed profit after tax for the latest financial year also fell by 7.3% to £725,806.
However, turnover at Bridge grew by 11% to £17.1m in 2023 from £15.5m in 2022.
This marked continued growth in turnover for the independent business as it rose 5.1% between 2021 and 2022.
£17.1mTurnover at Bridge grew by 11%
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