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Acquisitions eat into Seventeen Group's 2018 profits

Paul Anscombe is James Hallam MD

Seventeen Group, which includes brokers James Hallam and MGA Touchstone Underwriting, saw its pre-tax profits dip by 36% to £812,716 in 2018.

The group said that the reduced profit was entirely due to increased amortisation charges incurred following a number of acquisitions.

The group’s revenue increased by 12.5% to £18.4m, of which £1.3m

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