View the article online at http://citywire.co.uk/wealth-manager/article/a725183
Towry buys Bristol firm from Lighthouse
by Daniel Grote on Dec 20, 2013 at 09:20
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.
News sponsored by:
Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.
Today's top headlines
More about this:
On the road
by Himanshu Singh on Apr 19, 2014 at 05:21