The wealth management firm Harwood, which purchased seven firms in 2017, has revealed that a continuation of its acquisition strategy is in the pipeline. The listed company raised £10m to fund further transactions for 2018. This follows their announcement that their revenue has reached £25.9m, an increase of over 120% compared to their 2016 figure. Meanwhile, post-tax profits have increased from £100,000 in 2016 to £700,000.
The chairman of Harwood, Peter Mann, said:
“Harwood has reported another strong year of progress, driven by both organic growth and the contributions of acquisitions, underpinning the strategy of strong financial services advice revenues, good quality investment performance and increasing assets, and completing further acquisitions.”
Louise Jeffreys, MD of Gunner & Co. commented:
“A number of our clients have chosen Harwood as the successor to their business. The firm is consistent in its offering to business vendors and has extensive experience in completing successful acquisitions”
For more information about selling your business to Harwood Wealth contact louise.jeffreys@gunnerandco.com
