Kingswood acquires Barry Fleming & Partners for £6.2m

BFP specialises in tax, trusts and investment planning and advises individuals, companies, trustees and charities. The team has three advisers and a total of six employees. Founded in 1975, BFP has more than 415 clients with about £140m in assets under administration (AUA). In the year ending 28 February 2022, BFP generated revenue of £1.4m and profit before tax of £190,000. Kingswood said that the business would be acquired for total cash consideration of up to £6.2m, payable over a two-year period, with "£3.1m paid on completion and the balance paid on a deferred basis which is s...