A Directly Authorised sole trader with over 40 years client servicing.
Modestly scaled with $14m FUM the business achieve c£66k of recurring income.
Clients are located within Lanarkshire and the borders.
Fully FCA compliant with an impeccable trading record.
The Principal has reached retirement age and wishes to pursue other personal interests so now seeks a buyer for the client database and investment portfolio.
It is hoped a business sale can be achieved during Q2 2018
Market rate consideration at a 3-3.5 times multiple of recurring income is reasonably expected with consideration passing from acquirer to vendor over an 18- 24 month period.