Full Cowl Group misplaced £1.68m in 2023 with turnover tumbling to £2.7m forward of the automobile and van specialist dealer going into run-off.
Insurance coverage Age revealed in December 2023 that Full Cowl’s e-book was being transferred to Sunbury-on-Thames–based mostly dealer UDrive.
A submitting at Corporations Home detailed losses have been up by 85% from the £906,000 deficit in 2022, whereas turnover fell by a 3rd year-on-year from £4.16m.
Headcount dropped from a beforehand reported 91 individuals to 48 workers in 2023.
It had been as excessive as 340 workers in 2020 when turnover stood at over £14m.
Difficult yr
Within the doc, the administrators reported: “2023 was
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