Besso operating profits fall 8.6%

Independent broker Besso Insurance Group has recorded an 11 percent
increase in turnover to £32.3mn ($49.9mn) for the year ended
31 December 2014.
However, operating profits fell by 8.6 percent to
£810,540 from a restated 2013 figure of £886,986,
according to its Companies House accounts.
The fall is down to an increase in Besso's administrative
expenses for the year to £31.5mn, up 11.6 percent from
£28.2mn in 2013.
The broker's operating margin dipped from 3.0 perc