Acquisition-hungry Applewood writes to 340 firms

Managing director Karl Hartey says the company is contacting businesses within a 60-mile radius, taking in the Shropshire, Cheshire and North Wales areas. Applewood, which has four registered individuals, is targeting £100m of additional assets in the next year following the successful acquisition of Ravencourt Financial Services last November. It says a deal with a Shrewsbury-based IFA with £20m in assets under management will likely be completed by the beginning of March. "We are in the business of acquisitions and we can either do outright purchases or partner IFAs," Hartey sa...