A long established and well organised Ltd Company advisory business operating from offices in Dorset.
Client portfolio comprises individuals, families, and local businesses / SMEs.
Computerised client records retaining all data using leading industry software.
With £40m FUM and a recurring income of c£180k this is a neat business and an ideal acquisition prospect – good client relationships so strong levels of loyalty making client on-boarding and integration a simple process.
With retirement a short-term ambition for the firm’s founding Director an acquirer is sought offering market rate terms by a Dorset of bordering County firm.
Local client servicing capabilities in the acquirer firm are important as well as a recognition of the importance of cultural alignment.
Share purchase terms are expected – not unreasonably given the firm has avoided the promotion of “high-risk” product sales so offers an impeccable legacy book.
Firms of this quality routinely command a 3-3.5 times recurring income so offers in the region of £540-630k are sought.
Consideration will pass from acquirer to vendor in 3 stage payments over a 24-month term as a share purchase.