Background
Established to provide a service to individuals and families in the Leeds area and since has achieved growth organically and through acquisition.
With c400 clients the business manages c£80m FUM and achieves recurring income of c£500k – advisory services are provided by 3 highly qualified professionals with support from comprehensive technical and client facing teams.
A cautious attitude to investment means the portfolio harbours no “high-risk” product sales.
Requirement
The non-advising 100% shareholder now seeks a business sale and retirement in Q4 2020 / Q1 2021.
Ideally given the scale and prudent legacy trading this is expected to be via a share sale.
The advisory and advisory staff are available for ongoing employment.
Consideration
A market rate valuation is expected for this business with consideration passing from acquirer to vendor over a 24 month term in 3 stage payments (50:25:25).
Staff employment contracts will be subject to separate negotiation and contract.
The existing stylish office premises in Leeds are offered for sub-lease if required.
Express Interest
