Reference: 27176 | Region: Selling , Yorkshire & The Humberside | Price: c£1,000,000 | Funds Under Management: £58,000,000 |
Recurring Income: £275,000 | No of Active Households: c300

The two Directors of this financial advisory business are looking to sell so they can retire however are wanting to join a larger organisation as AR’s initially with an agreed deal in place to sell in c3 years’ time. Their reasoning for this is so that they can transition the clients across to the acquiring firm themselves once the clients are bedded in and familiar with the new acquirer.

They have a self employed adviser and an administrator that they would like kept on post sale as they feel they would make great additions to the acquiring company, providing continuity for clients.  

The firm has c£58m of FuM generating c£275k in recurring income. Plus, they do c£85k of new business per annum. Client bank consists of c300 households based in South and West Yorkshire with c£200k average holdings.

This is a clean vanilla business with no high risk areas of advice. At the point of acquisition, they would be looking for a share purchase so they can benefit from Business Asset Disposal Relief.