Kingswood confirms business 'not for sale' as it engages with investors

Consolidator tells Professional Adviser it is not selling the business after speculation

Sahar Nazir
clock • 2 min read

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

My Care Hub expands to public following strong adviser support

My Care Hub expands to public following strong adviser support

Advice sector has played ‘pivotal role’ in successful rollout of care guidance platform

Jenna Brown
clock 10 September 2025 • 4 min read
CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

CBI CEO urges Rachel Reeves to take back manifesto promise not to raise tax – report

Rain Newton-Smith claims ‘the time for tinkering is over’

Isabel Baxter
clock 10 September 2025 • 2 min read
'Fundamentally' different advice profession risks reputational damage from football scandal

'Fundamentally' different advice profession risks reputational damage from football scandal

High profile advice incidents like V11 ‘damaging’

Isabel Baxter
clock 09 September 2025 • 3 min read