Profit margin slips by 1% at Tysers as chair eyes 'opportunities'
Tysers saw its Ebitda profit margin slip on a year-on-year basis from 19% in 2012 to 18%, despite recording 3% growth in overall revenues to £38.7m in 2013 (2012: £37.6m).
Expenses incurred in investment and recruitment were attributed to a fall in the independent broker's pre-tax profit, which stood at £6.8m last year compared to £7m in 2012.
Net assets reduced to £10
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