Broker aims for organic growth and acquisitions.
AIM listed broker Leo Insurance Services has announced that the group reported a consolidated loss of £30,799 (2007: loss £174,989) for the year ended January 31 2008.
The group's only investment continues to be a 50% share of Grafton Insurance Services Ltd, a brokerage specialising in property insurance.
In December it was announced that one of Grafton's long term contracts with Bizspace Plc had been terminated.
In a statement to the London Stock Exchange, Leo chairman Larry Lipman said Safeland Plc, which was left as its principle customer, is contracted for the next five years and its portfolio continues to grow.
He added: "The board continues to search for growth both organically and via acquisitions."
