Listed broker out of the red with 2006 profit
Listed intermediary Culver today reported a group profit of £52 000 for the year ending 31 December 2006 (2005 - £496 000 loss). The insurance broking business increased its turnover by 8 per cent to £2 632 000 (2005 - £2 445 000). The profit of the segment was significantly improved at £261 000 compared with a loss of £40 000 in 2005.
In a statement Culver added: “The management team has been strengthened by the appointment of David Sullivan as chief executive. Management continues to invest heavily in new business, and is in
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