Kyle Stewart stems its flow of losses

Kyle Stewart continues to lose money, although the latest annual results show it stemmed the flow last year. Losses were œ1.5 million, œ1 million better than in 1993. Turnover rose hugely, from œ119 million to œ175 million, thanks mainly to new regional offices in Horsham and Northampton.

Its UK sister companies returned better results, with Edmund Nuttall increasing profits to œ3.3m (from œ2.8m), and GA returning œ300,000 profit after losses of œ100,000 the previous year.