Culver Holdings has confirmed its intention to expand its insurance business through a series of acquisitions.
In a statement releasing its 2002 results, Culver said the company's insurance business had developed well last year and in the first quarter this year.
It also warned its IFA business had a difficult start to 2003 as a result of the collapse in equity markets. However, the company claimed the operation would meet its business plan for the year.
Last year, sales for continuing operations were £2.8m, up from £2.2m in the previous year while operating profit was £45,000 against a loss of £1.9m a year earlier.
