Charles Taylor posts positive results and reduces debt

Broker Charles Taylor, has posted an increase of 17.1 percent to its revenue for 2015, up to £143.4 million, compared with £122.4 million in 2014.

The firm also reported an increase of 24.4 percent to its adjusted profit before tax last year, at14.2 million, compared with £11.4 million in 2014.

Charles Taylor's net debt also reduced by 69.9 percent in 2015, down to £9.9 million, compared with £32.6 million in the previous year.

The firm exited the non-life Owned Insurance Companies last year, thereby releasing cash in 2016.

David Marock, group chief executive officer, said: “Charles Taylor achieved particularly strong growth in 2015. Revenue and profit before