Be Wiser posts drop in profit as turnover increases by £4m
Be Wiser Insurance Services has reported a post-tax profit of £1.5m for the year ended May 2013.
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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