Update re ongoing litigation with Titan
Tavistock Investments Plc has received a favourable ruling in its ongoing litigation with Titan Wealth Services Limited and Titan Asset Management Limited. The court ruled in Tavistock's favour on all matters concerning its application to expand counterclaims and add Titan Wealth Holdings Limited as a party, and Titan's application to strike out parts of Tavistock's counterclaims. Tavistock has been awarded its costs for these applications and Titan has been ordered to pay an interim amount of £250,000 on account of costs within 28 days. Tavistock will continue to pursue its claims and defend itself against Titan's claims.
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Further to the disclosures made in the Company's financial statements for the year ended 31 March 2025 and the announcement released by the Company on 2 October 2025, Tavistock today provides an update on the ongoing litigation with Titan Wealth Services Limited and Titan Asset Management Limited ("Titan").
Background
In June 2025, Tavistock made an application to expand the scope of its counterclaims against Titan to include, inter alia, new causes of action in respect of Titan's Model Portfolio Service (MPS) for breach of confidence, alleged misuse of trade secrets and copyright infringement, and to add Titan Wealth Holdings Limited as an additional party.
Titan opposed the application and itself applied to strike out and/or for summary judgment in relation to parts of Tavistock's counterclaims.
Court Hearing
At a hearing held on 11 December 2025, the Court considered the applications and ruled in favour of Tavistock on all matters. Tavistock has also been awarded its costs of the applications with Titan being ordered to pay to Tavistock an interim amount on account of costs of £250,000 within 28 days of the hearing.
Tavistock will continue to pursue its claims against Titan and to vigorously defend the claims brought against it.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.