Kerry London reports £161,933 loss for 2011
Kerry London Group Limited (KLL) has announced a loss of £161,933 for the 2011 financial year, an improvement on the previous year’s loss of £209,174.
Group operating profit increased by over 1,700%, from £18,926 in 2010 to £355,342 last year.
Turnover fell to £13.9m for the year ended 31 December 2011, from £15.3m reported for the previous year.
All turnover derives from the group’s UK operations, principally from net brokerage, commissions and fee income from insurance policies.
The group stated: “During 2011 the market continued to be challenging and during the year KLL took steps to reduce its overheads which resulted in some one-off costs
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