AFH buys Corville Financial for up to £2.9m

York-based business

Julian Marr
clock • 2 min read

AFH has completed the eighth advice firm purchase of its financial year and its sixth of 2018, acquiring York-based Corville Financial Services for a maximum price of £2.9m.

Following the acquisition, AFH said, Corville directors Debbie and Nick Burchall will join the group as advisers together with adviser Niall Middleton and a small support team. It added the £2.9m maximum purchase price would be based on the ongoing profitability of the business "subject to the fulfilment of certain financial targets". 'Inevitable' consolidator AFH will absorb platform costs The initial consideration for the acquisition is £1,467,200 in cash, funded from AFH's existing cash resources while further deferred consideration will be payable in cash over the next 26 months i...

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 Companies

How one advice firm's consultancy fee charge 'adds value'

How one advice firm's consultancy fee charge 'adds value'

‘We felt that it isn’t right for us to only be rewarded by making a transactional sale’

Isabel Baxter
clock 01 July 2025 • 4 min read
Evelyn Partners completes sale of fund solutions business

Evelyn Partners completes sale of fund solutions business

75 staff to move over to Thesis

Patrick Brusnahan
clock 01 July 2025 • 1 min read
Investment platform TILLIT to shut down

Investment platform TILLIT to shut down

No new accounts can be opened and it will close on 12 September

Sorin Dojan
clock 26 June 2025 • 1 min read