Sesame Limited, the network arm of Sesame Bankhall Group, recorded a loss of £2.5m in 2011.
The company made its loss - on ordinary activities before tax - from a turnover of £170.3m. It said the figure followed "significant investment" in its technology infrastructure and new services. In 2010, the company made a profit of £1.1m from turnover of £162.9m. Meanwhile, the network had a total of 1,202 designated investment advisers by the end of the year, down from 1,379 at the end of 2010. However, it pointed out there were more than 100 adviser authorisations in January 2012, its best performance in seven years. During the course of the 2011, Sesame incurred £11.4m in c...
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