Tavistock Investments has agreed to sell King Financial Planning (KFP) for £3m in cash and entered talks with Atomos over the potential sale of Tavistock Private Client’s parent company.
King Financial Planning reported turnover of £682,000 in its latest financial year, according to Companies House filings. The £3m sale price represents approximately 4.4 times annual turnover. The AIM-listed group announced today (21 October) that it had agreed to dispose of KFP's business and assets, while Atomos has secured exclusivity to acquire Tavistock Group Holdings, the parent company of Tavistock Private Client (TPC). Atomos has until 14 November to exchange contracts, unless a later date is agreed. It has completed due diligence and confirmed it is satisfied with the process...
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