AFH buys Corville Financial for up to £2.9m

Following the acquisition, AFH said, Corville directors Debbie and Nick Burchall will join the group as advisers together with adviser Niall Middleton and a small support team. It added the £2.9m maximum purchase price would be based on the ongoing profitability of the business "subject to the fulfilment of certain financial targets". 'Inevitable' consolidator AFH will absorb platform costs The initial consideration for the acquisition is £1,467,200 in cash, funded from AFH's existing cash resources while further deferred consideration will be payable in cash over the next 26 months i...