Charlie Court

Jan 17, 2025 | farrer.co.uk | Jonathan Haley |Simon Ward |Charlie Court

Private capital investment in tax, accountancy and advisory firmsOver recent years, professional services firms, including tax, accounting and advisory firms, have proved to be an attractive investment opportunity for private capital acquirers. Private capital buyers are attracted by the predictable recurring revenue streams of accounting, tax and advisory firms, and the fragmented nature of the industry (particularly at the lower end of the market) allows consolidation opportunities.

Aug 6, 2024 | farrer.co.uk | Jonathan Haley |Anthony P. Turner |Simon Ward |Charlie Court |Edward Twigger

Farrer & Co’s wealth management M&A practice regularly acts on exits and acquisitions of wealth management and financial advisory businesses, repeatedly encountering similar issues around planning. The age profile of the financial advisory profession is heavily weighted towards those in the latter stages of their career. FCA data provided to FT Adviser [1] showed that the most common age range for UK financial advisers is 50-59, with many of these planning to retire in the coming decade.

Jun 27, 2024 | farrer.co.uk | Sophie Giblin |Charlie Court

We have previously written about the Economic Crime and Corporate Transparency Act 2023 (ECCTA), a key piece of legislation forming part of the package of reforms aimed at preventing the abuse of UK corporate structures and tackling economic crime. In our first publication we explained the key changes that will be introduced when the provisions in ECCTA are brought into force (there will be a staggered implementation over an extended period of time).

Apr 25, 2024 | farrer.co.uk | Simon Ward |Charlie Court |Hoi-Yee Roper

The Cabinet Office has published a response to its call for evidence (launched in November 2023) on the impact, scope and operation of the National Security and Investment Act 2021 (NSIA). The call for evidence sought views on how the regime could be more business friendly and simultaneously continue to maintain and protect national security. To date, the Government has reviewed more than 1700 notifications and made 20 final orders.

Feb 29, 2024 | farrer.co.uk | Charlie Court |Sophie Giblin

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) received Royal Assent on 26 October 2023. It represents a key part of the Government’s legislative strategy to tackle financial and economic crime. Because of the extensive nature of the reforms, the provisions will be coming into force in stages to give companies time to prepare. Our previous commentary on ECCTA can be seen .