And profit before tax of £1.4 million in 2010 changed into a £300,000 loss last year.
Group revenues of £9.8 million were slightly down on the 2010 figure of £10.5 million.
However, earnings before interest, tax, depreciation and other adjustments fell from £1.7 million in 2010 to £0.7 million last year.
The firm, which has offices in Windward House in Route de la Libération, saw a fall in profit before other items to £728,000 last year, with the comparable 2010 figure being £1.7 million.
