Honister: the mass walk-out never happened

Despite the loss of almost 100 advisers since the deal with Honister was secured last June, their number still tops 1,390. "The mass walk-out some predicted has not happened," strategy and business development director Easter says. TMP had debts of £55m when it entered the pre-packaged administration sale to Honister, a private investment company backed by Monsoon founder Peter Simon, last summer. As part of the deal, Honister acquired the shares of TMP's advisory businesses: Burns-Anderson, Sage and Willis Owen, as well as the principal assets of Bates Investment Services (now Hon...