Reference: 21738 | Region: Selling , Yorkshire & The Humberside | Price: £625,000 | Funds Under Management: £40,000,000 |
Recurring Income: £175,000 | No of Active Households: 210 individuals

This directly authorised business has been established for over 40 years and is based in South Yorkshire. The adviser is of retirement age therefore is looking to sell the business and due to being a sole trader, they are only looking for an asset sale. Ideally, would like to be kept on post sale during the deferred buyout period. Preferred consideration value of c£625k which works out to be 3.75x RI.

The business has c£40m of FuM with over half of it on Prudential. This generates c£175k of recurring income (£9k coming from legacy clients). Plus, £45k in new business income. Ongoing charge is 0.5% with the average fee working out to c0.44%. This business is heavily invested in pensions which include Group schemes, SIPPs and SSAS. Therefore, this business would suit an acquirer experienced in these schemes.

Clean business with no high risk areas of advice such as DBTs. Ideal timing of this sale would be around Sept 2024.