Buyseotools loan One Broker posts double digit turnover and profit surge in run up to Jensten sale

One Broker posts double digit turnover and profit surge in run up to Jensten sale

One Broker posts double digit turnover and profit surge in run up to Jensten sale post thumbnail image


Norwich-based One Broker has revealed achieving a 19.6% increase in turnover and a 14.7% rise in post-tax profit ahead of its sale to Jensten.

Jensten completed the takeover of the firm earlier this month.

A filing at Companies House detailed One Broker’s turnover rose to £9.14m in the year to 31 May 2023 from £7.64m in the prior year.

Post-tax profit jumped year-on-year to £1.38m as Ebitda also leapt, by 16.5% to £3.18m.

Acquisition

During the financial year One Broker bought Uttings Insurance Brokers in Norfolk boosting gross written premium to over £60m.

The filing revealed the purchase cost £2.69m with the vast majority – £2

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