Google aggregator posts £12.6m loss

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Google Compare posted a £12.64m loss before tax for the year ended 31 December 2013.

The figure is a slight increase on the £12.58m loss posted in 2012 according to accounts filed with Companies House.

Turnover for the aggregator site, reported under BeatThatQuote.com which was acquired by Google in 2011, increased from £5.5m to £7.3m but cost of sales grew to £9.5m from £4.2m.

This coupled with administrative expenses of £10.4m (2012: £13.9m) ensured losses for the second year in a row.

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