Financial Planning group Tavistock has seen an improvement in trading after last month reporting a loss of nearly £1m.

Expanding Financial Planning group Tavistock has reported a 14% rise in annual revenues at its advisory business to £32m for the year ended in March.

Lighthouse has acquired a 5.3% stake in Tavistock Investments as part of a “strategic agreement” between the two firms.

Tavistock Investments made a profit of £221,000 following a restructure of its advice services.