Consolidator says it produced a strong performance.
Towergate Partnership has reported a loss of nearly £15m in 2007, according to its annual report.
The consolidator reported a turnover of £268.9m for the year ended 31 December 2007, up 12% on the previous year.
The group operating profit was £38m.
But interest payments and finance costs totalling over £59m pushed the company to a £14.7m loss after tax. This compares to a profit of over £4m in 2006
Towergate said it had produced a strong performance. Earnings before interest, tax, depreciation and amortisation rose 15% to £108.5m. It attributed the increase to higher turnover, improved margin and tight cost control.
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.
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.
