Charles Taylor at lower end of forecasts
Insurance consultancy firm Charles Taylor Consulting said its trading performance was towards the lower end of management's expectations, after slightly higher fourth quarter costs in the Management Services business and a quieter end to the year in Adjusting Services.
Insurance consultancy firm Charles Taylor Consulting said its trading performance was towards the lower end of management's expectations, after slightly higher fourth quarter costs in the Management Services business and a quieter end to the year in Adjusting Services.
The Management Services business, which makes up the bulk of revenues, is slightly below expectations, principally as a result of higher costs in its shipping mutual business.
Its Adjusting Services business, provides loss assessments and claims-related advice to insurers, energy, marine, aviation, traded marginally below expectations in the fourth quarter although the business is significantly ahead of the previous full year's performance after a robust contribution from energy adjusting.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
On an upbeat note, the group said the concentration on cash collections in its Adjusting Services business is having a positive impact on debt.
Trading at Charles Taylor's Insurance Support Services business has performed in line with expectations.
Overall, net debt at 31 December 2011 was £34.2m, compared to £38.6m at 30
June 2011 and £36.3m at 31 December 2010.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How high earners could boost their pension by thousands and cut childcare costs
Salary sacrifice could boost your pension by thousands, while also helping you save on childcare costs. We delve into the numbers.
-
Monzo launches 11 ETFs via Blackrock to help savers invest
Monzo customers can now invest BlackRock's iShares ETF range via its banking app, making investing more accessible to millions