Ascot Lloyd’s acquisition of Aberdeen’s financial planning arm has valued the business at £15.6m, according to the company’s latest filings with Companies House.
The figure, disclosed in the 2024 accounts for abrdn Financial Planning and Advice , marks a near £30m drop from the £45m valuation recorded just a year earlier. The accounts for the year ending 31 December 2024 show that the advice unit's net assets stood at £15.56m. The drop follows Ascot Lloyd's agreement to acquire the business, which was first announced this summer. If completed on this basis, the transaction would reflect a decline from the £85m value the provider, then branded abrdn, placed on its advice arm in 2022. The provider's financial planning division has been underg...
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