The business is an independent financial adviser company based in the Midlands with strong connections throughout the UK. The vast majority of its business is generated from employee benefits advice to corporate clients.
- The company has been established for 21 years and has a first class reputation within the industry.
- The company is recognised by leading life offices as a top 75 non-national IFA firm as a producer of quality business and is top 15 in the Midlands.
- Recurring income in excess of £500,000 per annum whilst funds under advice exceed £200 million.
- The three directors have significant experience in the financial services industry and are supported by a team of five experienced and flexible staff.
- In order to build on the company’s achievements to date, the equity directors are looking to explore options available to them which could include by way of example: I. Immediate sale of all the share capital. II. Sale of all or a controlling part of the senior equity directors’ shares, with continuity and succession in place via the junior equity director. III. A merger, which could incorporate the exit of the senior equity directors over the medium term.
- Whilst it is the medium-term intention of the two senior equity directors to retire from the business, both are prepared to remain with the company for a significant period post-acquisition to facilitate a smooth transition to new ownership/management.
- The company has provided us with the following summary figures and full details will be made available to serious parties at the appropriate time.
Year ended
30-Nov-2007
30-Nov-2006
30-Nov-2005
£000s
£000s
£000s
Turnover
869
869
610
Adjusted PBT *
515
552
335
* With directors’ remuneration and exceptional costs added back
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If this business is of interest to you, your clients or contacts, please contact either:
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Philip Walmsley at philip.walmsley@beeverstruthers.co.uk or on 0161 838 1875
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Laura Bamber at laura.bamber@beeverstruthers.co.uk or on 0161 838 1836
IMPORTANT NOTICE. This document does not constitute an offer to purchase the business and no contract may be entered into on the basis of the information contained herein. The information in this document is supplied as a guide only and prospective investors must make their own investigations and must satisfy themselves as to the condition and prospects of the business and the accuracy and completeness of the statements contained herein. The partners of the business have provided the information within this document. Such information and representations have neither been checked nor verified by Beever and Struthers. The information contained in this document and any further information relating to the business supplied by or through Beever and Struthers is, and will be supplied only on the condition that neither Beever and Struthers nor any officer, partner or employee of the business or Beever and Struthers is liable for any error, omission, or inaccuracy contained herein whether negligently caused or otherwise, nor any loss or damage suffered by any person due to such error, omission, or inaccuracy, as a result of such supply.
