Lighthouse Group, a UK-based autonomous financial advisory service group, is all set to close its Exeter office, as part of a restructure of the business.

The closure of Exeter office places around 40 jobs at risk.

Lighthouse said it had completed its consultation on its plans to close the Exeter office and move the firm’s back office operations centre to Stockport and Woodingdean.

The plan, which was first released in September 2013, has been given the green signal after consultations failed to raise compelling arguments against the Exeter closure.

Lighthouse said consultations would continue with those individuals currently employed at Exeter who have expressed an interest in relocating to either Stockport or Woodingdean.

The office is expected to be closed by 31 March 2014.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In another development, the company has acquired a new facility in Woodingdean, near Brighton, for £1.6 million.

Lighthouse said the new premises, which are currently half occupied by its national arm Lighthouse Financial Advice, would take on the income collection and reconciliation functions from the Exeter office, and the new space would help its growth plans for its national arm and accommodate a training centre for its advisers and staff.