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LEBC reports increase in profit to £3m


LEBC Group grew its trading profit to £3m, in the 12 months ending 30 September 2017, a more than 40 per cent increase on the previous year.

The national firm reported turnover of £18.1m for period, up from £15.6m the previous year.

The firm could also be set for more profit increases at the close of this year, after acquiring Bristol-based advisory firm Aspira for £5m in December.

LEBC chief executive John McVitie says the focus for the national advice firm is on continuing the expansion of face-to-face and online advice offerings.

McVitie says: “Given the strength of demand and need for advice, bionic – the combination of individual advisers and technology – is the only viable solution.”



Network Personal Touch acquired for £4.8m

Adviser network Personal Touch has been bought by estate agency business LSL Property Services in a deal worth £4.8m. Through the deal, LSL acquires Personal Touch Financial Services and subsidiary Personal Touch Administration Services from Personal Touch Holdings. LSL must also pay an acquired intercompany debt of £600,000. It will pay £2.8m on completion of […]


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