Perspective acquires Chambers and Co

Based in Chelmsford, Chambers is an IFA firm with a turnover of £400k per annum with funds under management of approximately £20 million. Founded in 1990 by husband and wife team, Alan and Nicolette Chambers, the business is a well-respected local firm with a specialism in long-term care planning.

With this latest acquisition, Perspective’s annualised turnover has been boosted to £9.5 million, funds under advisory and management are increased to over £500 million, with a recurring income of £4.8 million. Perspective also has an annualised EBITDA (earnings before interest, tax, depreciation and amortisation) at operating level of over £3 million.

As with all Perspective acquisitions, Chambers will continue to trade under its current name with the existing management team remaining at the firm to operate and develop the business.

This ninth acquisition follows Perspective’s announcement last month of its major refinancing package with Lloyds TSB Corporate Markets which boosts its acquisition facility to £12.5 million.