Last year’s loss led to restructuring and less construction

Kerry London has announced turnover for 2009 was up 5% to £15.9m with a pre-tax (EBITDAE) profit of £1.7m turning round a loss in 2008 of £307,000.

It said company restructuring had saved £750k and its had cuts its bank debt to £5.75m from £9.3m as at December.

Financial highlights (2008 in brackets)

  • Turnover (Commissions and Fees) £15.9m (£15.1m)
  • Pre-tax earnings (EBITDAE) £1.7m (-£307,000)
  • Year on Year underlying Turnover growth 5% (-3%)
  • EBITDAE Margin 12.3% (-2%)
  • 40,000 clients serviced across the Group, a 3%
  • Client retention rates exceed 90% across all major business areas
  • Construction and related clients now less than 30% of turnover

The Group is now well positioned as a multi-segment insurance specialist with a strong focus on web enabled business solutions is ready to benefit from improvements in the economy, Kerry London said.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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