Allan Rosengren quits Lighthouse after Falcon closure

Feel a touch sorry for Allan who always came across as a decent chap. Looks like he sold to the wrong firm who are clearly run by people who are nit quite sure what they are doing. I'm not sure they would agree with that though!

Article title a bit misleading; all organisations rationalise brands. At least Adviser Services describes their activities better hta express or falcon

Yes, Allen always struck me as a decent fellow, though there's no getting away from the fact that if Lighthouse have had to set aside £2.9m (or have incurred a one-off charge of that amount, whatever that means), they must have found rather a lot of skeletons in the Falcon closet.

Well it's a bit ambiguous - one suggests a provision of 2.9m against past liabilities but another article suggests it's a write-off which suggests that have written off the value of the falcon business against the value that they paid for it. Each reflects very differently on the buyer!!!

I have known (and worked with) Allan for several years and have always been impressed by his manners. A true gentleman at heart and someone you could always count on to do the right thing. In such a cut throat industry Allan stood out as someone who didn't step on anyones toes and treated everyone who worked for him with equal respect and gratitude. His success is testament to this fact and he thoroughly deserves a rest. Without such concientious individuals our industry would go backward. There are a 101 reasons for accountancy write-offs (if they're doing their job properly) so I would suggest we ignore the typical British tabloid tendencies to criticise someones efforts and give praise where it is clearly deserved.