Barbon plunges into loss
Barbon Insurance Group has reported a loss of £471,000 for the year ended December 2011.
This is compared with a profit of £6.9m for the previous year.
Turnover was up slightly to £35.2m from £33.4m in 2010, and gross profit also increased from £33.4m to £34.6m last year.
The broker reported an operating loss of £1.4m in 2011, a fall of more than £9m on the £7.8m operating profit reported for the year ended December 2010.
The company made losses despite selling its business Cadogan Hanover Park, which generated a profit of £1.4m, in September 2011.
In the report, company directors
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