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We are often asked what happened to Ellis and Partners or Seymour Pierce (the stockbrokers). The answer is fairly complicated, but we have attempted to chronicle the history.
It all started with a small stock broker called Ellis and Partners in Crawley. This company reversed into a quoted company called Captain O.M.Watts.
The name was then changed to Talisman House and they acquired a company called Clifton Financial Associates (CFA). Talisman House then bought a London stockbroker called Seymour Pierce and Talisman House changed its name to Seymour Pierce Group.
After various acquisitions and disposals the company was bought out by certain directors and others through a company called SPIN. This buy-out consisted of Seymour Pierce London and Seymour Pierce Ellis, and left a rump, which was still quoted but had changed its name from Seymour Pierce Group to Investment Management Holdings (IMH). This company was eventually bought out by Syndicate Asset Management.
In the meantime a company was formed called CFA Capital Group, which had a subsidiary called City Financial Associates. At some stage CFA Capital Group changed its name to Dowgate (quoted on AIM) and purchased Galleon (A private client stockbroker). Galleon was sold shortly after but Dowgate retained the broking license.
Recently Seymour Pierce Group sold Seymour Pierce Ellis (the original Ellis and Partners of Crawley) to Dowgate (reverse takeover).
Seymour Pierce Ellis changed its name to Ellis Stockbrokers Ltd.
30.4.2008 Update
Just to keep this article bang up to date on the 4th April resolutions were passed to change the names of the two wholly owned subsidiaries, City Financial Associates Limited and Ellis Stockbrokers Limited. CFA will change to Dowgate Capital Advisers Limited and Ellis to Dowgate Capital Stockbrokers Limited.
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