Accountable. On principle |
It’s only right and normal that our investors and shareholders should want to keep tabs on us. In the spirit of being open and up front (which is very much what our approach is rooted in) we’ve provided all the information we think you could want here. If there’s something we missed, just shout. You can contact us on info@cbg-group.co.uk with any questions.
Financial Highlights 31.12.09
- Revenue £8,961,000 (2008: £11,148,000)
- Adjusted * EBITD £1,386,000 (2008: £2,602,000)
- Adjusted * pre-tax profits £1,026,000 (2008: £2,246,000)
- Diluted adjusted * earnings per share 4.69p (2008: 11.00p)
- Final dividend proposed 0.70p per share (2008: 0.66p)
- Net cash inflow from operations £2,998,000 (2008: £3,377,000)
* Adjusted to add back exceptional operating expenses, amortisation, negative goodwill credited and share option charges.
Operational Highlights 31.12.09
- Continued focus on operational efficiencies
- Reduced borrowings by out-sourcing premium financing operations, significantly de-gearing the Group’s operations
- New head office with over 100 staff transferred to Southmoor House, Manchester, resulting in significant cost savings and increased cross selling opportunities
- £1,400,000 of annualised cost savings achieved
Post Period Highlights
- January 2010 - Introduction of the Acturis operating platform across the insurance broking division
- February 2010 - disposal of a non-core part of the insurance broking operation
- Robin Slinger appointed as Non-Executive Chairman and Stephen Rees appointed to Financial Services Operations Director.
