Kingswood acquires IFA Vincent & Co in latest deal

The business, based in Market Rasen, provides financial advice to more than 130 clients in the Lincolnshire area. It has £25m in assets under administration and in the year ending 31 October 2021 generated revenue of £135,000, and profit before tax of £83,000. Kingswood said, subject to regulatory approval, the business would be acquired for total cash consideration of up to £421,000, payable over a two-year period. It said £211,000 would be paid upon completion of the transaction and the balance paid on a deferred basis. Kingswood UK chief executive David Lawrence said: "I'm delighte...