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Towry buys Bristol firm from Lighthouse

Towry buys Bristol firm from Lighthouse

National advice group Towry has bought out Lighthouse’s 50.1% stake in Bristol-based firm Deverill Black & Company for £501,000.

Lighthouse said it had concluded its stake in Deverill & Black, an appointed representative of the group, was not strategic. It added the £501,000 price would be retained as part of the group’s working capital.

Deverill Black recorded a profit before tax of £44,173 over 2012.

In a separate announcement, Lighthouse said group risk director and company secretary Mark Ross was leaving the business.

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