Thorntons has announced that it will close its office in Montrose today following a strategic review of the business.
The Dundee-headquartered estate agency and law firm has operated in the Angus town since 2015, following a merger with legal firm Watts.
The closure of the high street branch means staff at the office will be relocated to the company’s other Angus offices in Forfar and Arbroath or work from home.
A letter, signed by partner Stuart Mackie, has informed the firm’s Montrose clients of the change.
It said: “Thorntons has been in Montrose since 2015 following a merger with Watts.
“Following a review of our estate and demand for in-person meetings, we have taken the decision to close this office on June 12.
“We will continue to operate in Angus and advice from our legal and estate agency teams will continue to be available from our offices in Arbroath and Forfar and also other locations such as Dundee.
“The service you have received from us in the past will continue to be delivered at the existing high standard by all of our people either Angus-based or across the wider firm.”
Thorntons, which last year opened its first Highlands branch, in Inverness, has expanded rapidly in recent years and announced a merger with Perth firm Macnabs at the start of the year. This added five partners and 39 employees.
Accounts for the year ending May 31, 2024 show revenue of £43.9m, up more than £6m from 2023.
It made record profits during the year. Profits before members’ remuneration and profit shares were £12.4m, an increase of 35% on the previous year.
A spokesperson for Thorntons said: “We continue to operate throughout Angus from our offices in Arbroath and Forfar where the local community will be able to access our market-leading full-service legal and estate agency services.
“We have fully communicated our plans to clients and no jobs are being lost as part of the closure.”
