We have been instructed by a retained client to seek expressions of interest in relation to a novation of renewal commissions from an Independent Financial Advisor, prior to the company entering a formal insolvency procedure.
We understand the renewals, which will last for a number of years, amount to approximately £35,000 per annum.
The successful purchase is envisaged to be performed through a novation agreement to an FSA regulated firm, to transfer all of the existing renewal commissions from the existing agency to a purchaser, thereby avoiding the need for mandates from individual clients.
Expressions of interest should be forwarded to mark.i@JPSsurveyors.co.uk.