Strategy shift halves profits at AllClear
CEO Chris Rolland had warned commentators of short-term disruption back in 2018.
AllClear has reported shrinking turnover and profit for the year ended 31 March 2019.
Results filed on Companies House revealed that turnover fell 20% from £15.48m a year prior to £12.39m.
Profit before tax fell more sharply, dropping 56% from £2.21m to £981,000 over the same period.
Costs
The board characterised the increase in the ratio of administrative expenses to turnover from 0.86 to 0.93 as “a fair indicator of the financial performance of the business”.
The specialist travel broker
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