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Investee Company Update: LEBC

4 Sep 2020 09:42

RNS Number : 0775Y
B.P. Marsh & Partners PLC
04 September 2020
 

 

Date: 4 September 2020

 

On behalf of: B.P. Marsh & Partners PLC ("B.P. Marsh", "the Company" or "the Group")

Immediate release

 

B.P. Marsh & Partners Plc

 

The Board of B.P. Marsh greatly regrets to announce the death of LEBC's founder and Chief Executive, Jack McVitie.

 

It was in 2000 when Jack McVitie, together with his founding team, established LEBC with three branches and a staff of 24. Alongside his team, he spearheaded LEBC's growth, which has seen the business become one of the largest independently owned national IFAs.

 

LEBC will continue the legacy that Jack McVitie built, making financial advice accessible to all, and ensuring that the company remains at the forefront of innovation in this field.

 

B.P. Marsh is working to maintain and progress this with LEBC and its longstanding and continuing Management team.

 

These Executives and Staff have considerable experience in running this business and have led LEBC through a number of challenges, including the Retail Distribution Review, and are determined to take the business forward as planned.

 

All at B.P. Marsh send their deepest sympathies to Jack's family and would ask that their privacy is respected at this difficult time.

 

For further information:

 

B.P. Marsh & Partners Plc

www.bpmarsh.co.uk

Brian Marsh OBE

+44 (0)20 7233 3112

Nominated Adviser & Broker

Panmure Gordon (UK) Limited

Atholl Tweedie / Charles Leigh-Pemberton / Ailsa Macmaster

 

Financial PR/Investor Relations

Tavistock

Simon Hudson / Tim Pearson

+44 (0)20 7886 2500

 

 

bpmarsh@tavistock.co.uk

+44 (0)20 7920 3150

 

 

Notes to Editors:

About B.P. Marsh & Partners Plc

B.P. Marsh's current portfolio contains eighteen companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

 

Since formation over 25 years ago, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for approaching ten years.

 

- Ends -

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Private Policy.
 
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