Lucida keeps turnover stable in 2023 but Ebitdae dips
Motor specialist broker Lucida has posted flat turnover of £47.59m for 2023.
The results for Lucida Broking Holdings, filed at Companies House, showed a 1.4% increase on a like-for-like basis.
Car-focused subsidiary Right Choice Insurance Brokers achieved an 8% increase in turnover with a balance of rising premiums and lower policy sales leading to a 10% rise in gross written premium to £44.6m.
RCIB also delivered £3.4m of turnover from motor breakdown policies – a 12% hike on 2022.
Bennetts, bought in 2021, contributed £18.6m of turnover from motorcycle policies. This was
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