Gallagher profit rises by 90% but UK revenues remain flat

Pre-tax profits at Arthur J Gallagher (UK) increased by 92% from £4.36m in 2008 to £8.35m last year.

The broker’s turnover for continuing operations climbed from £48.8m to £53.6m, helped by a strong performance in global operations, while revenues from the UK remained flat. Staff costs were trimmed by £5.4m to £35.4m as the number of employees was trimmed by 44 to 320.

Chief executive David Ross said: “These satisfactory results are a credit to the Gallagher team, validating our strategy and providing us with a robust platform for growth. Recent acquisitions are also performing well.”