All press releases
Evelyn Partners appoints Kate Morrissey as Head of Asset Allocation
Kate is joining the leading wealth and investment group with £62.7bn of assets under management as Head of Asset Allocation, a new position on the central investment team, and will report into Chief Asset Management Officer Edward Park.
Evelyn Partners announces sale of Professional Services business to funds advised by Apax
Evelyn Partners Group Limited (“the Group”) announces it has reached a binding agreement to sell its Professional Services business to funds advised by Apax Partners LLP (“Apax”). The transaction, which is subject to regulatory approval, is expected to complete in the first quarter of 2025. Upon completion, the Professional Services business will be rebranded S&W, building on the heritage of Smith & Williamson which was founded in 1881.
Nearly one in three business owners plan redundancies as debt defaults loom
Newly published research* taking the temperature of 500 business owners has revealed that nearly one in three firms surveyed** (31%) believe they’ll need to embark on a wave of redundancies in the coming year. Furthermore, 30% of business owners polled say it’s likely they’ll default on debt over the next 12 months.
Company insolvencies remain high – and outlook remains bleak for many businesses
New data published today by the Insolvency Service shows the number of registered company insolvencies in England and Wales was 1,747 in October 2024, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year (2,293 in October 2023). However, the Insolvency Service reported that the number of company insolvencies remained much higher than those seen both during the COVID-19 pandemic and between 2014 and 2019. Mark Ford, Partner in the Restructuring & Recovery team at professional services firm Evelyn Partners comments:
Evelyn Partners Bristol team advises Scholarcy on sale to Texthelp
Evelyn Partners in Bristol has acted as lead advisor to the shareholders of Scholarcy, a streamlined and user-friendly study tool that helps students and researchers to organise, summarise and critically evaluate sources, in its acquisition by Texthelp.
Six ways people will change how they live and use assets in retirement to mitigate IHT
In her first Budget at the end of last month, Chancellor Rachel Reeves announced that defined contribution pension pots will be included in estates’ inheritance tax liabilities from April 2027, and she also froze the nil rate bands for an extra two years, until April 2030.
How family farm businesses could be hit by Budget inheritance tax relief overhaul
At the Autumn Budget on 30 October, the Chancellor announced that agricultural property relief (APR) and business relief (BR) will be reformed. Yorkshire financial planner looks behind the Treasury numbers
Cambridge dealmakers complete sale of Reed Veterinary Surgery to Kin Vet Community
The Cambridge office of Oaklins Evelyn Partners has led the sale of Reed Veterinary Surgery, a high quality and well regarded small animal veterinary practice near Royston, Herts, to the private-equity backed Kin Vet Community.
Silver lining for employees as firms could adopt salary sacrifice pension arrangements to offset cost of Budget’s employer National Insurance hike
The rate will increase from 13.8% to 15.0%, while the earnings threshold at which it kicks in will be slashed from £9,100 to £5,000 from 6 April 2025, raising about £25.5billion a year by the end of the OBR forecast period.