Kingswood buys two advice firms in multi-million pound deals

JCH manages clients predominantly across the Lincolnshire area. The team has three advisers and seven employees in total managing more than £105m of client assets for about 240 clients. Kingswood said in the year ending 31 July 2022, Lincoln-based JCH generated revenue of £901,000 and profit before tax of £406,000.  The business, it added, would be acquired for total cash consideration of up to £3.5m, payable over a two-year period, £2.1m of which will be paid upon receipt of regulatory approval and the balance paid on a deferred basis which is subject to the achievement of pre-agreed...