Wed, 18 Jun 2025 | BUSINESS SALE
The business and assets of a financial planning firm based in North Wales have been acquired after the company fell into administration last week. Cambrian Associates Limited was founded as Cambrian Investments in 1973 by Managing Director Roger Taylor.
From 1998 the company has been based in Hawarden, North Wales, near Chester, and since then has seen considerable growth, taking on more financial advisers and additional staff to support and maintain its high level of service.
Despite the company’s strong standing, however, it fell into administration on June 11 2025, with Dean Watson and Paul Stanley of Begbies Traynor appointed as joint administrators, according to a statement on the company's website.
The statement added that, despite falling into administration, the company remains authorised and regulated by the FCA, with its affairs, business and property being managed by the joint administrators, acting as agents of the company without personal liability.
Immediately upon their appointment, the joint administrators concluded a sale of Cambrian Associates’ remaining business and assets to H C I Financial Services Limited (“HCI”).
A statement from the FCA read: “Cambrian remains subject to supervisory oversight and our rules. We are working closely with the Joint Administrators.”
“HCI will be writing to clients soon to explain what this means for them. Clients should not be affected by the administration of Cambrian.”
The acquisition means that HCI will trade from the same location in Hawarden as Cambrian Associates, with all employees of the firm transferring to the buyer. As a result, the transaction ensures that clients will continue to deal with the same advisers and support staff as they did prior to the administration.
In Cambrian Associates accounts for the year ending August 31 2024, its fixed assets were valued at slightly over £500,000 and current assets at around £511,000. However, its net liabilities at the time amounted to nearly £670,000.
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