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Clear reports drop in profit

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CEO Howard Lickens says fall is due to the broker investing in office relocations.

Clear Insurance Management has reported a fall in operating profit from £1.57m in 2013 to £1.46m in 2014, according to its financial statements for the year ended 31 October 2014.

Profit for the financial year also fell, with the figure for 2014 being £1.32m, compared to £1.43m in the preceding year.

However, the broker saw an increase in turnover from £8.56m in 2013 to £9.03m in 2014.

Relocations
According to Howard Lickens, CEO of Clear, profits were down due to costs associated with office

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