Kingswood is in “regular discussions with existing and potential new investors to support growth ambitions” as it confirmed that the business is not for sale after previous press speculation.
While discussions are ongoing, the consolidator told Professional Adviser that it is "more focused than ever in our objective to build a leading business in the sector, and this enjoys the full and unstinting support of our investors". In March, Kingswood confirmed discussions had taken place about a potential sale of its UK operations. However, the business confirmed it was now not on the market. The group today (29 September) reported 10% profit growth in its half-year report ending 30 June thanks to acquisitions and organic growth. Kingswood said operating profit was £5m in the ...
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