Bluefin "took some medicine" to aid broker partner division

Bluefin CEO Stuart Reid

It came after the network offering saw its divisional contribution plummet by 46.6% during 2011 and revenue drop by 12.8% to £3.6m compared to 2010.

However, chief executive Stuart Reid insisted that the measures taken in 2011 have seen the amount previously lost already "more than more up by this year".

"It was particularly tough so we took some medication and completely reengineered the business last year," explained Mr Reid.

"It paid some huge dividends, we were about 12 months ahead of some

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