Liverpool advisory company completes £2 million MBO

Wed, 29 Jun 2016 | MBO/MBI

A Liverpool-based employee benefits advisory firm has been bought by its senior management team for £2 million.

The £2 million management buyout (MBO) at CS Financial Solutions (CSFS) was backed by a £1.4 million equity investment from Merseyside Special Investment Fund (MSIF). The MBO at CSFS was led by chief executive Paul McGukin, with support from managing director Craig Williams and commercial director Colin Nicol.

CSFS, which is headquartered on Chapel Street in Liverpool city centre, was founded as Griffiths & Armour Insurance Broking in 1934 and subsequently sold to Charles Stanley, who renamed the company, in 2008. The financial services business, which has an additional office in London, has an annual turnover in the region of £3.5 million and currently employs around 50 members of staff.

The company provides a range of financial services advice for both corporate clients and their staff. This advice includes employee benefits such as healthcare, income protection and pensions.

Chief executive and now owner Paul McGuckin said of the MBO: “By becoming an independent business, trading as CS Financial Solutions, CSFS will be able to run the business far more efficiently and profitably, and with full focus on fulfilling the needs of our clients.

“We are forecasting significant growth across the business and are planning to take on around 15 new specialist staff during the next two years. All our existing staff will remain with the business.”

Paul Humphray, the investment director at equity investor MSIF, said of the deal: “With the constantly changing regulatory environment around employee benefits and pensions that will affect every business in the UK, it represents a growing and exciting sector in which CSFS already has a strong reputation across the UK.

“Led by a strong management team, we look forward to helping the business achieve its growth aspirations.”


Share this article



Latest Businesses for Sale

Upholstered Furniture Manufacturer (Fast Sale)
UK Wide

Best and final offers are sought by Thursday 12 December 2019. An opportunity exists to purchase the business and assets of a privately owned company. An upholstered furniture manufacturer offering a wide variety of designs and ranges.

Asking Price: Offers Invited
Turnover: £1,680,000

Italian Restaurants (Fast Sale)
North West, UK

Indicative offers are required by 17:00hrs on Wednesday 27 November 2019 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of two Companies that trade as Italian...

Asking Price: Offers Invited
Turnover: £1,000,000

LEASEHOLD


Loft Conversion Business
Preston, Lancashire, UK Wide

Great reputation. Fully relocatable. Friendly and professional service. Bespoke loft conversions. Minimal competition. Offered on a relocatable basis. Offers invited.

Asking Price: £759,995
Turnover: £1,002,527

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources