Profits up at Thomas Carroll in 2019
Welsh broker also reveals turnover increase as CEO Rhys Thomas states the company is "confident" it will emerge from the Covid-19 crisis stronger than before.
Thomas Carroll Group has reported rising profits for the year ended 31 December 2019.
According to a filing on Companies House the broker’s pre-tax profit increased to £1.7m in 2019, up from £1.3m in 2018.
In addition, gross profit was £10.8m in 2019 (2018: £10.1m) and turnover also ticked up to £11.2m, compared to £10.4m in the preceding year.
The insurance broking division saw a rise in turnover to £8.9m, compared to £8.1m in 2018.
Meanwhile, administrative expenses also increased to £9.1m
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