Investment vehicle seeks aquisitions
Leo Insurance Services has reported a loss of £15,078 for the six months to the 31 July 2008.
In the same period last year, the listed insurance investment vehicle made a profit of £18,180.
Leo's single investment is a 50% share in Grafton Insurance Services, a brokerage specialising in property insurance. The company said that whilst there has been a small amount of organic growth the main asset continues to be its long term contract with Safeland.
The board continues to search for growth both organically and via acquisitions, Leo added.
