Fairstone moves into profits as acquisition strategy pays off
Financial advisory firm Fairstone has moved into profit after seeing its acquisition strategy begin to pay dividends.
Latest accounts for the South Tyneside company show it reported an operating profit of £1.4m – an improvement on the previous year’s £378,000 loss – after seeing its revenues rise from £57.5m to £64.4m in 2019.
Chief executive Lee Hartley said Fairstone’s downstream buyout model…
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