Paradigm suffered £223k loss ahead of disposal to Caerus

Carmen Reichman
clock

Network Paradigm Financial Advisers made a loss of more than £223,000 before it was sold to Caerus Capital Group, annual accounts of Paradigm Partners reveal.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read
Women in Financial Advice Awards 2025: Nominations close today!

Women in Financial Advice Awards 2025: Nominations close today!

Awards to be held on 12 November in London

Professional Adviser
clock 09 May 2025 • 1 min read
Younger clients demand sustainability 'impact not labels'

Younger clients demand sustainability 'impact not labels'

Investment industry criticised on ‘terrible job’ of appealing to fresh audiences

Sahar Nazir
clock 08 May 2025 • 2 min read