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.
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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