Milecross Financial has completed its second significant acquisition of 2024 and its first in the south-east of England.
The Centre Court Partnership is located in Surrey, and the deal adds approximately 2,000 clients and around £40m of assets to Milecross.
This purchase follows the recent acquisition of Dundee-based Osprey Financial Services and heralds a further phase of Milecross’s national growth.
The Centre Court Partnership is a long-established practice offering advice across wealth, mortgage, and protection. Operating from offices in Ewell, and led by David and Alison Harvey, a team of eight – including five advisers in Surrey, Kent, and Sussex – will become the latest members of the Milecross family.
Chris Thorndycraft, chief commercial officer at Milecross, said: “We’re absolutely delighted to welcome David, Alison, and the rest of the excellent Centre Court team to the Milecross business.
“This deal is a tremendous fit in terms of the advice areas covered, the firm’s client-centric culture, our longstanding relationship and shared values and goals. It’s also an exciting step for Milecross as it represents our first practice purchase in the south-east.”
Practice owner at The Centre Court, David Harvey, said: “We are delighted to be working with Milecrossas we felt from the start that this was the right home for us. With Milecross having concluded a large number of previous acquisitions, we knew we were in safe hands!”
“We already had a great relationship with the key people at Milecross and we’ve found our discussions throughout to be thoroughly transparent and friendly. We’re really looking forward to working together.”
This is the second acquisition that Milecross has completed in 2024, as part of ambitious growth plans to scale through adding high-quality businesses across the UK.
Paul Dalzell, founder and chief executive officer at Milecross, said: “This acquisition is further evidence of how Milecross is growing considerably and at pace.
“We are a trusted home for practices and advisers looking to realise value and become part of a bigger picture. We expect two or three further key acquisitions in the rest of 2024 as we deliver on our national growth strategy.”
Milecross provides financial advice throughout the United Kingdom. Around 100 advisers across 30 locations advise clients on the full range of product areas, including pensions, investments, protection and mortgages.
It has around £0.5bn of assets under management and arranges circa £500m of mortgage lending each year.
