Wed, 13 Sep 2023 | BUSINESS SALE
The Wilson Field Group, a Sheffield-based insolvency specialist, has been acquired by FRP Advisory Group in a deal valued at £4.8 million. The Wilson Field Group provides restructuring and debt advisory services to clients both in the local area and nationwide.
The company comprises two operating businesses: Wilson Field Ltd and Wilson Field Financial Services Ltd. The firm’s website and operational platform will be retained by FRP within the group upon the deal's completion.
The acquisition will see FRP Advisory pay a £3.1 million cash consideration, along with issuing new ordinary shares to the value of £1.7 million. There will also be a subsequent payment for the company’s net assets acquired on completion.
The disclosed value of the deal represents around a 6.8x multiple of Wilson Field’s unaudited reported EBITDA of £700,000 for the year to August 31 2022, generated on unaudited revenues of £5.3 million. The company will make an incremental contribution to FRP of £5.6 million in revenue and £1.1 million adjusted EBITDA.
FRP Advisory Chief Executive Geoff Rowley said: "Wilson Field is a great business that supports our growth strategy, with a highly complementary digital platform and on-the-ground presence in South Yorkshire. We expect to deepen referral relationships in Sheffield, with the team going to market locally as FRP.”
Wilson Field founder Nick Wilson said: “The move will create opportunities and enable us to extend the range of services we can offer to our clients. We are culturally aligned and look forward to accelerating our growth as part of the FRP Advisory Group."
The deal comes amid a booming period of activity for insolvency and restructuring practitioners, with their services in high demand as UK companies struggle with high levels of bad debt, inflation, rising costs and low consumer confidence. This has seen some insolvency practitioners turning to M&A activity in order to increase their reach and capitalise on rising demand.
Read about another recent acquisition by an insolvency practitioner
Find out more about insolvency trends in the UK
This RIBA Chartered Practice offers comprehensive architectural services across all RIBA work stages, boasting strong ties with local authorities for streamlined planning and regulatory advice. With a loyal client base, including blue-chip organisati...
This M&E engineering consultancy stands out with its proprietary technology, offering streamlined operations and impressive profit margins through automation. The company has established strong, long-term relationships with clients, ensuring consiste...
This is an exciting opportunity to acquire a highly-regarded independent financial advisory business in Hertfordshire, managing a substantial £115 million in funds under management.
07
|
Jul
|
Independent property firm acquires Blackpool estate agent | BUSINESS SALE
An estate agent based in Blackpool has been acquired by grow...
07
|
Jul
|
Poke restaurant chain acquires rival | BUSINESS SALE
Honi Poke has acquired rival poke chain Island Poké i...
07
|
Jul
|
MSP Contrac IT set for M&A growth after acquisition by telecoms group | BUSINESS SALE
Venridge Limited, a Yorkshire-based managed services provide...
16
|
Apr
|
Glenfield Storage Solutions collapses | ADMINISTRATION
Glenfield Storage Solutions, a Leicester specialist in wareh...
20
|
Mar
|
Ledwell Plastics folds into administration | ADMINISTRATION
Leicester-based Ledwell Plastics, a plastic injection mouldi...
13
|
Jan
|
Connect Modular collapses into administration | ADMINISTRATION
Eco-friendly modular housing companies Connect Modular and H...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.