Towergate's EBITDA down 24% in 2014
Earnings before interest, tax, depreciation and amortisation at Towergate fell 24% last year to £110m from £145m in 2013.
In a turbulent year for the consolidator, EBITDA at Towergate's insurance broker arm declined 32% from £45m to £31m on turnover declining from £199m to £189m, down 5%.
Towergate, which has just agreed
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