Hilco Streambank (‘’Hilco’’) is seeking offers to acquire the business and assets of a leading FCA-regulated self-invested personal pension (SIPP) operator that manages in excess of 20,000 SIPPs (“the Company”).
Established c. 40 years ago as a small self-administered schemes (SSAS) provider, the Company has since expanded and diversified its offering, and today provides a growing range of pension solutions, including ISAs, qualified non-UK pension schemes (QNUPS) and qualifying recognised overseas pension schemes (QROPS).
The Company is a highly-regarded SIPP provider, with several partners having opted for white-label Company products. Key to the its growth has been the investment in developing its proprietary technology, which is integral to the offering.
In the financial year ending 30 April 2021, revenue of c. £7.5m was generated with a gross profit of c. £7.3m. Pre tax profit c. £2.4m. 10 months T/O to 28 Feb 22 c. £6.1m, operating profit c. £2.1m.
This acquisition opportunity presents a prospective buyer with the opportunity to purchase a leading pension provider with an enviable client roster and a proven track record of success.