Berwin Leighton Paisner (BLP) has posted a 32% drop in profits for 2012-13, as its net debt increased by £19.8m in the same period.

According to accounts filed with Companies House, the firm’s operating profit dropped by £25.8m, falling to £55.2m during 2012-13. Profit available for division among members also fell by £26m to £52.35m.