Caerus tumbles into the red following Paradigm takeover

The group reported a growing adviser base in 2013 but tumbled from a pre-tax profit of £300,000 in 2012 to losses of just more than £667,000 last year, according to its accounts, a fall of over 300%. Turnover was also down, but not enough to account for the huge hit to profits, which are likely to have been mainly impacted by the Paradigm purchase. Caerus bought its former principal network Paradigm in October 2013 - after the deal was announced in the year before - for an undisclosed price. The network was making losses of more than £223,000 before it was sold, its parent company's a...