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Hansford Bell completes management buyout

The buyout has resulted in the founding directors Steve and Nikki Marker stepping down and five new shareholders being brought into the business

Hansford Bell, chartered financial planners, has undergone a management buyout for an undisclosed sum.

The buyout has resulted in the founding directors Steve and Nikki Marker stepping down and five new shareholders being brought into the business.

The new board will be led by majority shareholder, Chris Palmer, who has been with the firm since 2012 and was also the firm’s managing director for two years.

Alongside Palmer, Becky Adams (financial planning director), Ross Biddiss (financial planning director), Emma Jones (financial planning director), Janine Palmer (HR director) and Gemma Grice (operations and compliance director) will all become directors of the company.

Commenting on the buyout, Palmer said: “I have worked alongside founding directors Steve and Nikki Marker for nearly a decade. They have built a sound business and, with a new and motivated team in place, we hope to build on this success and grow the business and expand our reach.

“We will not, however, lose the core values which are in place. We will continue to provide a bespoke service to our clients with the highest levels of client care. With his decades of experience, we are also delighted that Steve will continue to work alongside the team on a consultancy basis.”

The management buyout was advised upon by GA Solicitors.

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