Investee Company Update: LEBC

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	[phone]
Nominated Adviser & Broker Panmure Gordon (UK) Limited
Atholl Tweedie / Charles Leigh-Pemberton / Ailsa Macmaster Financial PR/Investor Relations Tavistock Simon Hudson / Tim Pearson	[phone] [e-mail] [phone]

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.

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