Paradigm suffered £223k loss ahead of disposal to Caerus

The network made a loss of almost £1.2m in its last financial year. It was not revealed how much the network sold for, however the October 2012 deal saw £600,000 of impaired debt written off, former parent company Paradigm Partners said. Paradigm Partners also saw profits dip during the financial year of the sale, from just over £2m in the year ending April 2012 to about £1.5m the year after. However, group turnover increased from £7.7m to £8.6m in the period. Paradigm advisers said it was hopeful for a turnaround in service standards after the new ownership came into force. Und...