	Print
	Email
	Text size
	Comment

Building society takes Thomson Shepherd stake

By Mark Dunne on July 08 2008

One of the UK’s largest building societies has continued to expand its financial advice services with the acquisition of a majority stake in a Scottish-based firm.

Skipton Building Society has acquired a stake in Thomson Shepherd, an independent financial adviser, which also trades as Coggans Wood, after it purchased 75 per cent of its parent Symington Glass.

David Cutter, Skipton’s corporate development director, said: “One of Skipton’s key areas of focus is financial advice and we’ve made no secret of our desire to acquire companies with quality staff, reputations and business models.”

The deal was completed some two weeks after its acquisition of Torquil Clark and brings the number of financial advice businesses in the group to five.

Scott-Moncrieff advised the vendor.

Comments [0]

Scott-Moncrieff has remained at the forefront of the accountancy profession in Scotland because it has consistently helped its clients to manage and overcome the issues they are facing today, whilst anticipating the challenges they will face tomorrow.

We will help you to identify your strategic options, assist in the execution and post transaction integration and help you to avoid costly pitfalls and delays. We will give you the right balance of technical expertise, market insight and practical experience that will give you the best chance of completing the deal successfully

Post this story to del.icio.us | Digg | Newsvine | NowPublic | Reddit