Static fee rates hit Hesley Holdings

Hesley Holdings Limted, the parent company of The Hesley Group, saw revenues rise from £36.8m to £38.4m for the year ended 31 December 2015. Administrative expenses, however, rose to £32.7m (2014: £30.2m) due to a £2.3m loss of the disposal of tangible fixed assets, leaving an operating profit of £5.6m (2014: £6.6m). The directors reported…