A&A Group posts £4.5m loss for 2013
Firm reports sharp fall in turnover.
The A&A Group has reported a pre-tax loss of £4.45m for the year ended 31 December 2013 as opposed to a pre-tax profit of £1.17m for 2012.
The fall came as turnover at the personal lines specialist dropped by nearly one third to £14.81m in 2013 from £22.07m in 2012.
The figures, in a document filed at Companies House, also revealed an operating loss on broking activities of £4.75m (2012: £1.46m profit) and an overall loss for the financial year of £3.99m (2012: £496,000 profit).
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