Based in the north west

The company is a financial planning company offering advice across a diverse spectrum of areas, including mortgages, protection, investments, pensions and lifestyle cash flow planning.

Operating regionally, the company has an extensive client database featuring over 7,000 private individuals. This includes over 1,300 investment, lifestyle and pension clients who continue to provide regular business, some of which have been in place for over 20 years.

The company is being offered for sale to facilitate the Shareholders’ retirement plans.

Offers invited.

Key Highlights

– Benefits from a high volume of crossover business, with many clients beginning their relationship by establishing a mortgage before utilising its wealth management services at a later stage.

– Operates in a buoyant market, with pensions, investments and mortgages all showing signs of increasing.

– Excellent knowledge of and connections within the local market.

– Consistently adheres to and exceeds financial resources requirement set out by the regulator, with an in-depth compliance and corporate governance review and update recently undertaken.

– Considerable scope for further growth through upselling services to its existing client base, with further opportunities to acquire new business in the pipeline.

– Experienced staff in place across all departments, with the existing management team able to manage the company independently.

– Operates from ideally located leasehold premises. The lease has just been renewed until 2030, with the landlord agreeing to several renovations to upgrade the business significantly.

– £200m assets under management

– 500–600 new mortgage applications processed each year

Financial Highlights

– Turnover in FY22 and FY23 in excess of £2.1m, expected to increase to £2.33m in FY24.

– Underlying EBITDA in excess of £400k.

– Turnover shows year on year growth, increasing by 112% between YE19 and YE23.

– Portfolio includes a significant volume of pension money under management.

– Facilitated very few UK DB pensions transfers, meaning that the exposure to that type of liability is unusually minimal. There is no further UK DB being carried out due to appetite and it is no longer covered by PI Cover.