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.
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