This is a long-established family run Employee Benefits business where the owners are in their 60’s and looking to sell so they can retire. The directly authorised financial services company predominantly focuses on corporate clients, and they have 30 in total covering over 2000 employees. This is generating c£220k of income which includes retainers for managing group pensions, and fees from renewals of group life and group health policies.
They have c£48m of Funds Under Influence held under Group Pension Schemes. This is a clean business with no complaints and are ideally seeking a share purchase to benefit from Business Asset Disposal Relief. They are proud to have a very high retention of clients over many years and believe this is due to their USP of providing a comprehensive service to their corporate clients, especially around administering new starters and monthly pension contributions plus supporting any death claims. Their criterion for a suitable acquirer is someone who will be able to continue a similar level of service to their clients. This business also offers untapped potential for financial planning needs of the company owners / directors and staff.