Founded in 2007 this “one man band” Directly Authorised advisory firm services a portfolio of 90 clients and c£25m FUM throughout North Wales.
With a recurring income of c£200k the business could be easily described as “vanilla’ – fully FCA compliant and no high risk product sales or promotions.
All clients records are retained in computerised form utilising Plum back office software.
As with many sole-trader advisers the growing requirements of the Regulator is compromising available client facing time.
Wishing to remain fully compliant and commercially viable the Principal feels his clients may be better serviced going forward by a larger entity and so has made this business available for acquisition.
By applying normal market valuation metrics of 3-3.5 times recurring income, subject to DD and contract, it is expected this modestly scaled business will achieve a valuation in the region of £600 – 700k.
Ideally the vendor would like to achieve ETR eligibility and so seeks a share purchase.