Be Wiser posts drop in profit as turnover increases by £4m

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This is a reduction of £0.2m compared with £1.7m reported for the previous year.

The broker’s operating profit also fell, from £2.2m in 2012 to £2m in 2013. Meanwhile, turnover increased by 24%, from £17.4m to £21.6m.

The company grew its staff numbers from 241 to 395, and client numbers increased from 110,000 to 142,000.

Andrew Dunkerley, financial director at Be Wiser, said: “‘We have spent heavily on increasing staffing numbers and training so that the company can meet expected growth with

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