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Profits growth sees Carole Nash overtake sluggish economy
3:39pm Thursday 30th August 2012 in Business
ALTRINCHAM-based motorcycle insurance specialist Carole Nash overtook a sluggish economy to record modest profits growth for its last financial year.
The broker saw pre-tax profits increase to £5,931,414 - up from £5,858,742 - as turnover hit £25,022,360 (£23,828,612).
The figures were hailed by chief executive David Newman as demonstrating the strength of the Carole Nash brand, the success of its marketing campaigns and the efforts of the company’s 300 strong workforce.
“The economy has presented, and continues to present, particular challenges to the business. Motorcycling is often a lifestyle choice, a leisure rather than necessarily practical pursuit, and therefore is more adversely affected by the kind of reductions in disposable income we are seeing during the current economic squeeze.
“That we’ve secured growth, albeit modest, in such testing conditions demonstrates the power of our brand, the astuteness of our marketing and, not least, the endeavours of our dedicated staff in Altrincham and Dublin.”