Beavis Morgan acquires interest in stockbroker

On 14th February 2011 Dowgate Capital Stockbrokers Limited (“Dowgate”) was acquired from Astaire Group Plc by 3B Capital Limited (“3B Capital”). 3B Capital is a new company formed by Beavis Morgan LLP and employees of Dowgate, including two directors, Neil Badger and Clive Mattock.  3B Capital is owned as to one third by employees and consultants to Dowgate, one third by Beavis Morgan LLP and one third by various partners of Beavis Morgan and “family and friends”.

Dowgate offers a traditional stock broking service mainly to private clients.  In addition, it provides corporate broking services to smaller companies on the AIM market and can provide private client access to new issues led by itself or other brokers. Dowgate has 13 staff including investment consultants who are based at its offices near Crawley. Dowgate is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange and PLUS Markets.