Devitt posts rises in yr of MCE collapse – Insurance coverage Age

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Devitt posts rises in year of MCE collapse - Insurance Age

Bike specialist Devitt Insurance coverage Companies grew turnover by 3.3% in 2023 as earnings leapt to £4.03m.

Turnover within the yr competitor MCE collapsed into administration rose from £14.78m to £15.26m.

Pre-tax revenue on the Gallagher-owned dealer was up by 39.2% in comparison with the earlier yr.

Gallagher purchased Romford-based Devitt in February 2022.

RelatedFCA names MCE directors 

The motorcycle consultants acknowledged {that a} key driver of the rise in revenue earlier than tax was distinctive integration prices of £454,000 that hit the enterprise in 2022 owing to the takeover dropping out and never being repeated

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