BusinessCompany NewsPensions group sale could bring ?40m windfall

Pensions group sale could bring ?40m windfall

Pensions group Hornbuckle is reportedly preparing for a sale which could bring a ?40m windfall

Hornbuckle
Mitchell
, which has a strong reputation in the self-invested personal
pensions (SIPPs) market, is reportedly in discussion with Ernst & Young
about a possible sale of the company which could bring its owners a ?40m
windfall windfall.

Hornbuckle executives most likely to benefit from any deal include David
White, the managing director, who owns about 10% of the company’s share capital
and fellow director Bruce Marsh, according to The Independent.

The group’s latest results show the company recorded pre-tax profits for the
year ended 2007 of £1.1m – down marginally on the same period last year.
Turnover during 2007 was £8.8m, up from £7.2m in 2006.

A Hornbuckle spokesperson declined to comment on whether the company was for
sale.

Further reading:

Read
The Independent story

Related Articles

CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

4m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

4m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

7m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

7m Emma Smith, Managing Editor
Double digit profits rise for Smith & Williamson

Accounting Firms Double digit profits rise for Smith & Williamson

8m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

7m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

7m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

7m Emma Smith, Managing Editor