Losses shrink at A&A Group
Broker's results reveal a tale of two halves in 2014.
The A&A Group has posted a £232,000 loss for the financial year ending 31 December 2014, a significant improvement on the £3.9m lost in 2013.
Figures obtained from Companies House revealed that the broker increased turnover from £14.8m to £16.37m, however expenses of £18.9m (2013: £19.5m) led to an operating loss of £2.5m (2013: £4.7m).
As previously predicted by chief executive Tony Allen, the results for the second half of the year were better than the first six months.
The report showed that
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