Carole Nash, the motorcycle specialist broker, reported profits marginally higher in 2002 than the year before.
The company, based in Altrincham, Cheshire, made profits before tax of £1.18m in the ...
Carole Nash, the motorcycle specialist broker, reported profits marginally higher in 2002 than the year before.
The company, based in Altrincham, Cheshire, made profits before tax of £1.18m in the year to 31 October 2002.
This compared to £1.15m the year before, when the company took a £462,000 exceptional charge due to the collapse of Independent Insurance.
Including the exceptional charge, the company's 2001 result showed a pre-tax profit of £692,000.
Independent's failure also generated a £20,000 cost in 2002.
The company's turnover increased during the year to £15m from £11.6m the year before, while the cost of sales increased to £346,000 from £184,000.
It scrapped its dividend payments in 2002 from a total of £210,000 the year before.
