News

11
Jun

AFH secure ninth deal of 2018

Advice consolidator AFH has announced a further acquisition, with the purchase of a York-based financial advice firm, Corville Financial Service in a £2.9m deal. This acquisition marks the ninth deal AFH has secured in the 2018 period.
As part of the agreement, both business principals Debbie and Nick Burchall will join AFH as advisers together with one employed adviser and a small support team.
Alan Hudson, chief executive of AFH, said: “This latest acquisition, our eighth of the financial year, continues to consolidate our national distribution within the core AFH client base.”
“I am pleased to welcome Debbie and Nick together with their team to AFH and look forward to working with them to consolidate our presence in North Yorkshire and continue our growth for the benefit of our new clients and to increase shareholder value.”
The initial price for the acquisition is £1.46m in cash, funded from AFH’s existing cash resources.
A further sum will be payable in cash over the next 26 months in two tranches, subject to performance criteria.
 
To know more about selling your business to AFH contact gwill.evans@gunnerandco.com