Reference: 781 | Region: Scotland , Selling | Price: c£920,000 | Funds Under Management: £45,000,000 |
Recurring Income: £245,000 | No of Active Households: 145

Directly Authorised IFA firm based along the central belt of Scotland, looking to create a capital event and stay on with the acquiring firm. Happy to sign covenants that will not return to advising once leaving the firm. The firm has c£45m of FuM generating c£245k in recurring income plus, £35k of new business per annum.

Their client bank consists of 145 households (average holdings in excess of £300k) mainly located across central Scotland. The average age is 62 years old with c10% of clients aged 75 and over.

Ideally seeking a share sale to benefit from BADR with a multiple of between 3.5x to 4x recurring income or will consider an asset sale if there is compensation for corporation tax. This is a clean business with no high risk areas of advice which is reflected in low PI costs (£4.8k premium).