Reference: 23346 | Region: Selling , Yorkshire & The Humberside | Price: c£300,000 | Funds Under Management: £23,000,000 |
Recurring Income: c£96,000 | No of Active Households: 94

This is a directly authorised business which has been established for over 10 years. The owner and sole adviser of the business is looking to sell and retire as they are in their 60’s.

Client banks consists of 94 households mainly located in North Lincolnshire, with average holdings of £245k. Ongoing charge of 0.5% with a few larger clients on 0.25%. The business has c£23m of FuM (c£13m in bonds) which is generating c£96k in recurring income of which c£36k under old legacy).

Ideally seeking a share sale to enable the vendor to obtain BADR, however this is not set in stone. Seeking a minimum multiple of 3x recurring income.