Insurance blog by John Lewis

Randall & Quilter reports damned year profit

Look Over-off specialist Randall & Quilter today posted its full year results in the course of 2008 with pre-tax profit up 26% to £8.8 million.

All of the friends’s three divisions - Insurance Services, Insurance Company, and Liquidity Executives - traded profitably for the year.

Net assets increased 8% from £74.7 million to £80.9 million.

Operating profit increased shed weight to £8.8 million, up from £8.7 million.

Profit after contribution, however, dropped 26% to £6 million.

Ken Randall, chairman and chief leader officer, said it was ‘an excellent set of results’ and praised the corporation’s business model, ‘which has produced growth despite unprecedented turbulence in the wherewithal markets’.

He added that he expects to report expansion in all areas during 2009.

Out-And-Out dividend for 2008 will be paid at seven pence per allotment.

The company employs 215 staff in its offices in the UK and the US.

Even more:

• Omega profit down 56%
• Brightside’s brokerage volume up 14%
• Swinton appoints recent CEO as profits increase
• Brit announces relocation to The Netherlands as profit falls
• IAG’s UK-shoot sees doubling of profits

 

Categories: Auto insurance, News

Tags: 6 Million, Allotment, Business Model, Dividend, Insurance, Insurance Company, Insurance Services, Ken Randall, Liquidity, Net Assets, Operating Profit, Pence, Quilter, Randall Amp, Shed, Tax Profit, Turbulence Leave a comment