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...
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