Joints owners of a directly authorised financial services business looking to sell their appointed representative firms as they are looking to exit the industry. The DA business just holds the permissions, and the AR firms hold the assets. Happy to consider sale of all three business or just the ARs.
Collectively they are managing c£45m of FuM which is generating c£433k in recurring income. Their client banks consist of 136 households with the majority of clients based in the Yorkshire area.
Clean vanilla businesses with no complaints. Preference for a share sale of the DA business to benefit from Business Asset Disposal Relief but wouldn’t rule out two asset purchases for the AR’s if the price was right.