Sell-off at Johnson Fry

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The Independent Online
Sell-off at Johnson Fry

Johnson Fry is selling its personal financial planning business, Johnson Fry Financial Services, to a new company controlled by some of its managers for pounds 1.25m. Net assets involved are estimated at pounds 150,000.The division traded at a loss, including allocated overheads, of pounds 563,000 in the year ended 31 December.

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