The directors of Thorneycrofts, part of TS Group, and Bankstone are pleased to announce jointly that Bankstone’s Dickon Tysoe has purchased the entire share capital of Bankstone. The two businesses will continue to have a very close working relationship in future.
Thorneycrofts and TS Group have had a close relationship with Bankstone since 2005, acquiring a controlling interest in 2013.
The intervening years have seen both businesses grow from strength to strength. However, the recently implemented Civil Liability Bill has focused both parties on reviewing their respective objectives, and, as a consequence and for the parties’ mutual benefit, TS Group has taken the decision to sell its shareholding, leaving both parties free to work together in other ways.