Medicash's annual accounts have demonstrated a steady performance despite the tough economic climate.
The Liverpool based healthcare cash plan provider said, despite pressure on household income and redundancies contributing to a 3% decline in premium income and a marked rise in claims, it maintained the same level of profit before tax and gains on investment as 2009 (£0.9m). Medicash added that this was due to tight cost controls. The Medicash Investment Portfolio benefited from rising markets in 2010 and recorded gains of £1.5m and an overall profit before tax of £2.3m. This will be re-invested in the organisation for the benefit of members. Turnover was £20.3m. Chief executiv...
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