Majority shareholder of this business is in their 70’s and is looking to sell and retire. The other shareholder is also retiring in September 2025.
The business manages £55m of FuM which is generating c£450k of recurring income. Ongoing charge ranges from 0.5% up to 0.75%. Around 350 active clients predominantly based in the South West.
Seeking share purchase with a minimum multiple of 3x recurring income.