Harwood Wealth Management acquires Castleton Financial Planning

Writer, Stock Market Wire
Monday, February 11, 2019 - 13:26

Harwood Wealth Management Group said it had exchanged contracts to purchase the trade of independent financial advisory firm Castleton Financial Planning for an expected £1.6m.

The sum was payable 50% on completion, expected in Apirl, and a further two instalments of 25% and 25%, due on the first and second anniversaries of completion, contingent upon results.

'The acquisition of Castleton is our second this financial year, and in line with our strategy has a strong cultural fit to the group,' chairman Peter Mann said.

'It is very pleasing to have started 2019 with the purchase of two quality businesses, and we continue to see a healthy pipeline of opportunities available to us.'

At 1:26pm: (LON:HW.) Harwood Wealth Management Group Plc share price was 0p at 139p

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